Start 2012 Getting Your Financial House in Order

Hard to believe it's 2012 already! I love the New Year though because it's a time to reflect on the previous year and take stock of what you did, didn't do and set new priorities. With the recession and the economy the way it has been the last few years, there should be at least one financial item in on your  2012 goals list. If you haven't already done your 2012 goals, consider one of the 3 financial goals.

1. Assess and increase your networth.  Many people focus on their salary and how much they make. But the real key to financial success is understanding your networth and increasing it. Your networth is your assets minus your liabilities. Each year you should measure your networth to make sure it is increasing. Click here for an online networth calculator that you can use to assess your networth.

2. Increase your income.   You should make it a priority to increase your income in 2012. Note I didn't say your salary! Your income is more than just your salary. It's almost sources of revenues generated whether from salary, small business, royalties, etc.  Once you increase your income you should make sure that you use the increase income to further the increase in your networth.

3. Read at least one financial book each month. The key to growing and becoming financially salary is to understand the concepts, the things to do and the things to not do. One way to increase that knowledge is by reading financial books.