Track your progress regularly from "summary" of The Barefoot Investor by Scott Pape
In the great game of wealth creation, tracking your progress is like having your own personal scoreboard. Just like in footy, if you're not keeping an eye on the score, you have no idea whether you're winning or losing. And if you're not keeping track of your finances, you have no idea whether you're progressing towards your financial goals or heading towards financial disaster. Regularly checking your financial progress allows you to see how far you've come and how far you still have to go. It's like having a GPS for your money - constantly recalculating your route to ensure you reach your destination on time. By monitoring your progress, you can identify any areas where you may need to make adjustments or improvements to stay on track. Tracking your progress regularly also helps to keep you motivated and focused on your financial goals. Seeing tangible evidence of your progress can provide a sense of accomplishment and encourage you to keep pushing forward. It's like climbing a mountain - each step you take brings you closer to the summit, and each milestone you reach gives you the motivation to keep climbing. In addition, regularly tracking your financial progress can help you avoid any potential pitfalls or setbacks. By monitoring your income, expenses, savings, and investments, you can quickly identify any areas where you may be overspending or under-saving. This allows you to make necessary adjustments before any financial problems arise.- Tracking your progress regularly is essential for achieving financial success. It provides you with the information and motivation you need to stay on course towards your financial goals. So, don't wait until it's too late - start keeping track of your finances today and watch as your wealth grows over time.
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