Some things to do
As I already mentioned, I want to figure out my net worth. This is going to be how I record my progress. I want to end up with a net worth of A$1,000,000.
Basically net worth measures how much of your income is actually yours. You subtract everything you owe from everything you own and that's your net worth. For instance, I currently have a very few thousand dollars in my bank accounts, or in cash. However since I owe student loans, rent, etc. this money isn't really mine - it's just on loan. Overall, I'm in debt.
The second thing I want to do is sort out a budget based on my current income and start saving what I can.
Third I want to start generating ideas for new sources of income.
Finally, I want to modify the template for this site to make it look a bit better.