Transcript of video:
If you spend any time reading financial magazines, there is an uneasy sense that you are falling behind. The world often gives us a warped measuring stick. No matter how hard we try, we just can’t seem to measure up. Out in the world, our eyes are always wandering to compare our situation to someone else. I’ve read lots of articles about the value of a net worth statement, but none has ever touched on the most important point. By assembling your net worth statement, you begin comparing yourself to the right thing – yourself!
When you develop a net worth statement every year, you begin to understand what is happening in your own financial life. Over time, you will begin to understand the wisdom of comparing your net worth year after year. You become intimately familiar with your own personal financial situation. You will witness the ebbs and flows of your life and you will mark milestones together. Goals can develop through this process, and ultimately you gain confidence in knowing where you are headed.