Net Worth

Increasing Your Net Worth And The Role Of Income

Gen Y Finance Guy Financial Freedom, Net Worth 21 Comments

There was a time in the not too distant past that my entire focus was on growing my income.  These days I am more and more focused on building my net worth, which in theory should build my income (or at least my future income). I have read in many personal finance books and blogs that it is net worth that matters more than anything, especially since the government taxes you on your income and not your net worth. In 2015 I plan to increase my net worth by about $69,000 before any appreciation from real estate, stocks, options, dividends, and interest income: Max out my 401K with the new 2015 limit of $18,000 (picking up an extra $500 this year) …