Your Personal Net Worth

Trying to survive in the real world without knowing your personal net worth is like being lost. It’s difficult to know where you need to turn if you don’t know where you are. A personal net worth statement shows your current “location.” After you determine your assets and your liabilities, you can determine your net worth. Once you know where you stand financially, you can begin to work toward your destination—financial good health! Your net worth helps you to see where you need work. Your net worth is the starting point for your future financial goals.