Assets – Liabilities = ???????. Why should you know this?
Assets – Liabilities = Net Worth
You should know this, because knowing this information will assist you in improving your financial life.
You are correct, Katherine. The Net Worth statement should be completed at least 1 time every year. January is generally a good time to schedule it as you review your past and prepare for your future.
The Net Worth statement shows you how you are doing financially. Start today! Hit on the Net Worth tab on this website and download the example. Read the instructions and fill it in with your assets and liabilities. Take control of your money or let your money take control of you. The choice is YOURS.
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