Signposts of Progress

Along the way toward realizing your long-term goals, it can be helpful assess intermediate goals and signs of improving wealth. Hopefully, you are already down this list, but here are 7 signposts of progress toward reaching your ultimate goal:
- Pay off credit card balances every month.
- Build emergency reserves of 3 to 6 months worth of bills.
- Get your savings plan up and running and align it with your goals.
- Reach the point where a mortgage is your only debt.
- Plan to have your mortgage paid off by your retirement date.
- Achieve a positive Liquid Net Worth when your investments exceed your debt level.
- Reassess your goals. Have they changed? What does it mean for your future nest egg size and savings rates?
