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It is so important to do a net worth statement. Treating it like a holiday is a mistake, people should not skip this step, even if 2022 was a financially difficult year. A net worth statement is an executive summary that allows you to track your progress, and I have been tracking my own net worth since 2009. I encourage everyone, regardless of where you are in your financial journey, to start tracking their net worth by using a template, which can be found on moneyguy.com. Creating a net worth statement is a healthy behavior that gives you a guided entry into managing your finances.
Creating a net worth statement is an important step in managing your finances. It allows you to track your progress and understand how your financial situation has changed over time. Whether you’re just starting out, or you’ve been on your financial journey for a while, tracking your net worth is a valuable exercise.
If you’ve never created a net worth statement before, I recommend downloading a free template from moneyguy.com. The template provides a simple and easy-to-use guide that will help you get started. Don’t let excuses get in the way of tracking your net worth. Start right now and give your future self the gift of financial health.
To learn more, check out our Net Worth Tool.
