KLE 42: Instant Net Worth Makeover
Now that you have put in pace the basic building blocks for your future financial well-being, it’s time to consider how you will apply your new found monthly savings:
– Do you buy (or upgrade) your house?
– What about a new car?
– Should you pay down debt? If so, which debt and how much?
– How about retirement?
– Or, do you invest the lot?
These are usually difficult questions with roundabout answers, so to simplify things you should always start by looking at your Networth Statement on NWiQ; here is a highly simplified version for Scott, a young married doctor:
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