![]() ![]() I have always heard this quote: "You will rarely get rich working for someone else." Research incorporation and open a business bank account "What gets measured gets managed," writes Rodgers, so the more you keep track of your credit and how your choices affect it, the more you will make better financial decisions. Take the first step right now by going to to get the latest copy of your credit report and sign up for a monthly credit monitoring account through Equifax or Experian. The better your credit, the more access to capital you have to start a business, buy a home, get a business loan, or apply for a credit card. A good credit score gives you more options for everything from credit cards and personal loans to apartment rentals to insurance. Your net worth goes beyond your budget, and by tracking it you will start to see how your decisions affect your bottom line. This may be a sobering number at first, but knowing your net worth (total financial assets minus total financial liabilities) and tracking it frequently is important if you want to build wealth.Įven if you aren't starting with much, checking it consistently and understanding the basis for your net worth - especially your liabilities - will influence how you make your financial decisions. Here's how her "million-dollar system" works, in five steps: 1. She says it's important to slam the shame wall and get rid of fear when it comes to taking control of your money. In her book, " We Should All Be Millionaires," Rodgers discusses misconceptions about money and money management that keep us from realizing financial freedom. Rachel Rodgers is a self-made millionaire - and she has a system to help you become one, too. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our ![]()
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