Keeping track of your wealth is your report card
One of the questions on my Practice Management final at the dental school is, “What is your report card after graduation?”
The answer is: your net worth worksheet.
While money and assets are not the sole determinates of your life’s success, for this exercise pretend money is EVERYTHING!
Zig Ziglar used to say money is like oxygen – “You really aren’t aware of it until you don’t have any.”
Filling out a net worth document should be something you do at least once a year (twice if you are really into it). You should also involve your spouse. It is simple to do, but may involve a little research at first. It is simply your assets and what you own, minus what you owe. Having this written down also helps you track your accounts and allows you to see how you have done the past 12 months at paying down your loans, saving for retirement, etc. Here is a nice one from Schwab.
Action Step for You: By the end of December or early January, fill out your net worth worksheet.
If you want to stop spinning your wheels and see results and success – download my free ebook.
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