If learning how to build wealth is important to you, you've come to the right place.
Below, Business Insider has rounded up 10 quick money lessons that will teach you how to master your money — from how to automate your savings to investing in the stock market when you're not an "investor."
Of course, this isn't all there is to know about personal finance, but setting aside a few minutes to tackle these lessons can only put you that much closer to finishing rich.
SEE ALSO: 10 signs you'll never be rich
DON'T MISS: The 8 best pieces of saving advice from real people who banked a fortune
How to calculate your net worth
"Your net worth is a measure of your financial health," said certified financial planner Mary Beth Storjohann, founder of Workable Wealth.
It's the result of your total assets minus your liabilities, or the amount you owe, and you should be checking it at least twice a year.
"Net worth can also be used to measure how far you've come over time," Storjohann says.
Here's the exact method financial planner Sophia Bera uses, as explained in her book "What You Should Have Learned About Money, But Never Did":
I have a spreadsheet that I pull up, I log into my accounts online, and I enter the balance of each of my retirement accounts, savings, investments, and so on. Then I enter any debts and subtract this number from my assets to determine my net worth.
If you own a home you can pull the approximate value of your house on Zillow.com, and then subtract your mortgage balance to determine how much home equity you have.
How to change your mindset about money
Contrary to popular belief, finishing rich isn't necessarily dependent on the size of your paycheck — and it has more to do with psychology and mindset than you may think.
This should strike you as good news, since anyone can change their thoughts, beliefs, and habits to reflect those of the rich.
You can start by thinking of money as something to invest, rather than something to save or spend. As self-made millionaire Grant Cardone writes on Entrepreneur:
The only reason to save money is to invest it. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.
How to figure out where all of your money is going
Keeping tabs on where your money is going, whether fixed expenses like rent or mortgage payments and transportation costs or discretionary spending like dining out and travel, is a crucial part of mastering your money.
Setting up a spreadsheet or using a service like LearnVest or Mint can help you make cuts where necessary and even set you on a path to early retirement, if that's what you're after. It can be as simple or as detailed as you like, and it often only takes a few minutes to set up.
See the rest of the story at Business Insider
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