Peggy Doviak, a Norman, Oklahoma-based Certified Financial Planner (CFP) says that to measure financial success, stop worrying about your net worth. Net worth is the difference between what you OWN minus what you OWE. Doviak says you should be tracking your CASH FLOW instead. Cash flow is what you EARN minus what you PAY OUT. It’s what you have left over after all the bills are paid.

There’s a truckload of solid financial advice in this short article. Doviak’s advice isn’t earth-shattering, radical, or difficult to follow. It’s sensible, common-sense-based, and laid out in a way that is easy to digest (and accomplish).

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