Are you focusing on your working income or your net worth? Wealthy individuals focus on the latter.



To increase your net worth, focus on four key factors: increasing income, savings, investment returns, and decreasing cost of living.



Another helpful tip is to create a net worth statement by adding up all of your assets and subtracting your debts. Commit to tracking and revising this statement each quarter to see growth.



Want to take it a step further? Consider hiring a reputable financial planner to guide your investments and help you reach your financial goals. Ask friends and associates for referrals to find the best fit for you.