Producing a weekly financial related quick tip is something I strive to do each week on the music and money show.

If I can provide just once piece of information that helps empower someone to make better financial choices I am ecstatic!  

![](https://steemitimages.com/DQmewkye3H8nxmJ7MDRxfPSwy1CYARZGhY75TCkPW5tXeDf/image.png)

Let's revisit a few I have shared in the past...

## Retirement is not an age, it's a number.
Many people focus on retirement and think, when I'm 62 or 65 I will stop working and collect social security and live off my 401(k) etc, etc. Some people just say, I'm never going to be able to retire. I'll just work till I'm dead.

Neither of those statements are the correct point of view. We all have a particular lifestyle that costs a specific amount.

#### The question we need to ask is:
What financial number do I need to generate enough income to support my lifestyle?
Most people just assume a million dollars, but is that correct for you? 

Some people may need more and some people may need less.

Figure out what you need financially, then you can figure out your number.

## Check your credit report semi-annually
Given that this service is free once per year from each of the credit bureaus (TransUnion, Equifax, Experian) there is no reason to grab this report and give it a quick review.

It takes all of 15 minutes and is a prudent task to ensure there are no unknown credit lines on your account, thus allowing you to catch any potential fraud.

Additionally, you can also clean up your debt availability situation. If you see a bunch of credit cards that you don't ever use still sitting open on the account, may want to close them.

## Track Your Net Worth

You only need to do it quarterly and once you have setup a spreadsheet or downloaded an app then it will only take minutes to update each time going forward.

**So, why does it make sense to track your net worth?  Simple - to create progress!**  

When you keep track of something you naturally work toward increasing or moving forward with it.  Thus, by tracking your net worth you will make decisions that benefit growing your net worth, whether you realize you are doing it or not.

Also, like anything else - if you have no idea the chart you are coursing then you have no destination.  That does not sound good for your finances.

Plus, when you see it start to grow quarter after quarter you will be more motivated to do things that will grow it more since you are "winning"at the net worth game.

Remember, we humans are emotional based creatures!

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#### <center>Need to learn the basics about bitcoin, the blockchain and wallets?  
Free e-book: [ScaredyCatGuide to Knowing What the Heck Bitcoin Is](https://scaredycatguide.com/scaredycatguide-to-bitcoin/)</center>
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Best Regards, 
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Disclaimer:  All info in this post is my opinion and for educational use.