Skip to site content
Logo
  • The Shows
    • The Money Guy Show
    • Making a Millionaire
    • Ask Money Guy
    • React
    • Mini Shows
  • Articles
    • All Articles
    • Beyond Basics
  • Products
    • Courses & Tools
    • Millionaire Mission
  • Resources
    • Where To Start!
    • Interactive Tools
    • Free Downloads
    • Ultimate Guides
    • Financial FAQs
  • About Us
    • About Brian
    • About Bo
    • Press
    • Join the Team!
  • Become a Client
  • Change your life by
    managing your money better.

    Subscribe to our free weekly newsletter by entering your email address below.

    Not receiving our emails and want to resubscribe? Click Here

    Watch, Listen, Connect

Change your life by
managing your money better.

Subscribe to our free weekly newsletter by entering your email address below.

Not receiving our emails and want to resubscribe? Click Here

Watch, Listen, Connect

Our updated FOO Course is OUT NOW at a new, low price of $49!

ARTICLES

The Importance of Having a Net Worth Statement!

Posted January 30, 2023

In this highlight, we discuss why it is important to do a Net Worth Statement and when the best time do it is.
Transcript
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.

The Money Guy Blog

Read through our thoughts and tips on how to manage your money better.

View more posts

Categories

Financial Planning

Tags

net worth, personal finance, wealth

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…

View Resource

Net Worth Template

It’s our favorite time of year: time to complete your annual net worth statement!

View Resource

When Should I Claim Social Security?

Social Security can have big impacts on your retirement. But knowing when to draw Social Security can depend on a…

View Resource

Episodes

maxresdefault 47

How to Make Money in a Market Crash

Watch Now
maxresdefault 46

How to Turn Your Finances Around in 6 Months

Watch Now
MaM ChuckMargo2

We Catch MAJOR Pitfalls in This Doctor’s DIY Portfolio

Watch Now

Financial FAQs

  • How Much do I Need to Have Saved for Emergencies and Where Should I Keep it?
  • Do I Need a Will? What is the Best Way to Get One?
  • Do I Need Life Insurance? What’s the Difference Between Whole Life and Term?
  • When Is It Ok To Stop Saving So Aggressively and Spend Money On Things I Want?
  • What is an HSA and Should I Contribute to One?

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-pencil.png

The Money Guy Net Worth Tool

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Financial Order of Operations Course

Buy Now
More Courses And Tools

Articles & Insight

A little knowledge is an amazing thing.

Get your money's worth of answers to your financial questions and more niche topics.

I Have a Lot of Money, but I Don’t Feel Wealthy!

building wealth, personal finance, wealth

Read More
maxresdefault 47

How to Make Money in a Market Crash

Watch Now
maxresdefault 46

How to Turn Your Finances Around in 6 Months

Watch Now
More Blog Posts

Change your life by
managing your money better.

Subscribe to our free weekly newsletter by entering your email address below.

Not receiving our emails and want to resubscribe? Click Here

Watch, Listen, Connect

  • The Money Guy Show
  • Articles
  • Products
  • Resources
  • FAQs
  • About Us
  • Become a Client
  • Media Kit
  • Visit Abound Wealth
Disclaimer   |   Privacy Policy   |   Terms of Use   |   Store FAQs & Return Policy

Copyright © 2025 Money Guy, All Rights Reserved