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Earlier this year, I revisited the audiobook "The Millionaire Next Door" which highlighted the importance of tracking your net worth as a measure of wealth instead of focusing solely on income. Surprisingly, only 41% of Americans actually use a budget, which does not reflect net worth. Building and tracking wealth requires monitoring net worth, a crucial metric. To help you towards becoming the next millionaire next door, it is essential to understand that millionaire status is not solely determined by high income levels.
