Mark Zuckerberg is one of the most well-known and well-respected entrepreneurs in the world today. Most recently he has made his net worth into the billions with the acquisition of Zynga. Many are curious as to what contributed to the net worth increase and if Facebook is the key to the success of their business or not. The answer lies in the following questions:
How much of your net worth do you currently have? – As we all know, the value of a person’s net worth can vary greatly depending on several factors. These include current assets, current debts, and future earning potential. Mark Zuckerberg is no different in that regard, however, he did take the time to make sure he accumulated enough to reach that level of wealth.
How much do you currently owe? – Probably the most important question to ask when determining an individual’s net worth is the amount of debt they have. This may seem like an odd question considering that it has already been determined how much wealth they have, but it is important. In some cases, especially with businesses, it is better to have more debt than more wealth. There are many different factors that can affect the amount of debt a person has, including their age and the total cost of raising their children.
How much do you expect your net worth today? – The only way to really know how much you will have in net worth is to ask yourself an honest question. For instance, are you planning on starting a business in the near future? If so, then you should be able to estimate how much your business will earn you in a given year.
How much are you willing to spend to achieve your wealth goals? – Many people who are looking to get rich quickly by investing in the stock market or buying real estate immediately set goals that are far too small. While these goals will help you reach your net worth goals over time, they will not get you wealthy quickly. You need to realize that the stock market or real estate will take time to recover from any purchases or investments you have made. So, you should not set yourself up for immediate riches.
What are your personal goals? – People who want to get rich quickly often do not give themselves enough time to work on their goals. So, they end up not reaching their net worth goals and may even feel somewhat depressed about it. By taking the time to set realistic goals, you will be less likely to feel this way.
How much time will you devote to your wealth-building efforts? – People who are working in their net worth to achieve their wealth goals often spend most of their time doing things that do not add value to their wealth. They may spend most of their time surfing the Internet, talking on the phone, or even playing video games.
Can you follow through on your Net Worth Today plan? – Mark Zuckerberg is not the only person who has set forth a plan to get rich quickly. However, it is important to follow through with your Net Worth Today plan. If you are not sure you can do this, you should probably consult with a financial advisor. Your advisor can help you to define the things you should not do in order to reach your net worth goals. He or she will also be able to help you develop a realistic plan to reach your goals.