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Here are five things you must do whenyour net worth reaches $1 million.

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Is it primarily home equity, investment accounts or sitting in cash?

Understanding your breakdown is crucial for determining next steps.

Keihn explained that reaching that milestone is the perfect time to analyze your financial plan.

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Does this milestone mean financial independence, or are adjustments needed to reach your next goal?

If you dont have a formal plan, now is the time to create one.

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