What Should You Be Measuring at the Beginning of Every Financial Year?

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In this episode, we talk about the essential financial metrics you should review at the beginning of every financial year to set yourself up for wealth-building and financial success.

We also discuss the formula for calculating your “lifestyle burn rate”, how to use your age and income to benchmark where your net worth should be, and why obsessing over your bank account balance or net worth alone can be misleading.

Enjoy the episode!


00:00 – Intro

03:15 – Financial Metrics for Wealth-Building

06:44 – Managing Lifestyle Burn Rate

11:51 – Measuring Wealth Using Formulas and KPIs

14:33 – Final Thoughts and Outro

As you embark on your wealth-building journey, it’s important to track certain key metrics to help you understand if you’re making solid progress. 

Seeing positive momentum is crucial for staying motivated and taking the right actions to accumulate wealth over time. 

In this article, we’ll explore the six most valuable metrics to measure at the start of each new year. 

Tracking these over time will give you an excellent snapshot of how well you are converting income into assets and passive revenue streams. 

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