One of the biggest financial benefits of starting early to save for your retirement fund is related to:

The answer is that the more money you invest and the earlier you start investing in your retirement savings, the bigger the chances of your retirement savings to grow and to double. Planning your retirement savings early can give you a bright preparation and a high chance of doubling your income if you make the right choices and investments.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

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