You’ve heard about developing financial habits, but what about micro-financial habits? Micro habits are the tiny things you can do every day with minimal effort that, together, transform your future.Whether in business or your personal life, money matters.
Sadly, The World Economic Forum still reports that half of U.S. adults lack financial literacy. Not knowing where to start gives you little to no chance of taking control of your finances, so the best place to start is small.Below are the micro financial habits for more wealth and peace of mind so you can start working with.Make finance simple by focusing on your net worth.
Your net worth is your assets (everything you own) minus your debts, whether student loans, credit cards, or mortgages. With your net worth in hand, you can use it to predict your financial future, whether that’s rate of return, interest rates, or saving rates.It’s a motivator and shows where you are in the great financial landscape.
Plenty of free tools are available online, but it’s as simple as creating a spreadsheet and updating it periodically.Cash flow isn’t just for businesses.