Your net worth is simply the value of the assets you have left over after subtracting what you owe. Your financial success, however, is about more than just your ending balance.
There's nothing really difficult about this particular calculation. It's fairly simple math, but understanding the importance of monitoring your financial bottom-line is not as popular among typical households as one might assume.
"Financial freedom is having your heart and mind free from worry about making ends meet"
This one single calculation is a critical first-step to understanding whether you're on track to realizing your financial goals.
If you are on track to experiencing financial success, keep doing what you're doing, but if you're not on track you can still feel good about the fact that you now have the facts and begin a new journey to financial freedom.
Our easy-to-download financial leadership tool can help you create a personal balance sheet and identify your household equity in a matter of minutes.
It's true that most Americans don't have a clear picture of their finances.
A person's spending habits directly affect their financial health. Once you complete our free personal finance tool, you will be able to easily see if you have too much credit card debt, and if you have enough money saved for retirement.
Whether you have plans to make a large purchase, or your goal is saving for your retirement, your personal balance sheet is crucial information for making good quality financial decsions.
Getting a grasp of what your own, and how much you owe, is the first step in reorganizing and rebuilding your finances.
If you are currently in debt, the most important thing to do is to plan your monthly expenditures down to the penny, on paper, so that you can begin to immediately start paying down the debt.
Debt is like a cancer and left untreated debt will eventually turn into a financial tragedy. This won't happen if you start owning your personal finances. Isn't it time to start acting like an adult, financially speaking?
Before you can reach your financial goals, you need to know from exactly where you are starting.
Your net worth is a clear reference point on your financial journey. Once you know where your finances are today, you can quickly establish a reasonable budget to reach your long-term financial goals.
In order to immediately gain access to this free Net Worth tool, simply follow the instructions below.
TO DOWNLOAD THIS FREE NET WORTH TOOL: Subscribe to our free newsletter . Instructions to access free leadership tools will immediately follow.
"Money was never a big motivation for me, except as a way to keep sR The real excitement is playing the game."- Donald Trump