Starting with Your Net Worth Statement
Before you can start mapping out your goals, you should know where you stand. This
way, you know how to get to where you’re going. When you’re preparing to travel,
your starting point is your home. To get to your dream...
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Starting with Your Net Worth Statement
Before you can start mapping out your goals, you should know where you stand. This
way, you know how to get to where you’re going. When you’re preparing to travel,
your starting point is your home. To get to your dream vacation spot, you know that
you need to ride a taxi to get to the airport and from there, you will be flown to your
point of destination. Upon landing in the airport, you will also need to decide how you
will get to your hotel before you can finally enjoy your vacation.
When it comes to your personal finances, your net worth is your starting point. In
simplest terms, your net worth statement is a list of your assets minus your liabilities.
Your assets are the things you own that have value while your liabilities are your
debts. When you subtract your liabilities from your assets, you get your personal
worth. You can come up with a positive value or a negative one. It doesn’t matter. For
now, what’s important is that you know where
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