Before you can start meaningfully planning for where you want to go, it’s important to understand where you’re starting from financially by calculating your net worth. Understanding this metrics allows you to know your starting point and lays the groundwork for you to set realistic financial goals for yourself.

Do you know your “burn rate” — that is, how much it costs to fund your lifestyle? Calculating your burn rate is the first step to gain control over your finances and be able to confidently plan for the future.