The beginning of a new year is a great time to update your personal balance sheet.The exercise is invaluable in your personal financial planning as it creates a snapshot of your actual worth in relation to what you own and what you owe. Your so called “Net Worth”. OWN...
Your net worth is a key measurement in your financial plan. Technically speaking if you were to sell everything you own and pay off everything you owe the amount left over is your worth. It is easy to be lulled into a false sense of worth with assets such as houses...