Is there financial success in tumultuous times?

As long as you use yourself as a measure, success comes

tumultuous times. I will argue against the common prevailing notion that financial success is completely out of reach for most people. success. If it’s not, more especially if this pattern keeps going up, then you are making some missteps and not achieving financial success.

That level of financial success is obtainable for virtually every South African. There is almost no one out there in a situation where they could not improve their net worth over a year, if they chose to act.

Assuming that there’s no change in a person’s spending or professional income and assuming that they are spending less than they earn and doing something productive with it, then over a period of time that person’s net worth should start to accelerate.

As that person pays off debt, he or she will be able to devote more and more money each month to paying off the balance of debts and less and less to paying off interest. Eventually that debt is gone and that money goes towards savings and investments, which will start growing on their own as the returns on investments are compounded. did yesterday? I am, therefore, a proponent of defining financial success by having improved your net worth relative to prior year(s).

It is prudent not to judge your own success by the circumstances of someone else’s life. It will either make you frustrated or make you complacent. Instead, use your own past as the metric for success.