Mon, 10 March 2014
In episode 2 Roger Whitney talks about the importance tracking your net worth, how you can use it to make smarter financial decisions and rethinking your perspective about the purpose of investing.
PLAN WELL Segment
Your net worth statement is an essential tool for making smarter decisions. Your net worth statement:
You should update your new worth statement every six months and use as part of your process for making big financial decisions.
Over the last 25 years investing has been about "creating wealth."This has led to many people investing too aggressively.
Historically, the creation of wealth came from hard work, enterprise, creativity, disciplined spending and savings. The purpose of investing was to preserve and grow the wealth WE created. This perspective is important for you to consider.