Dental CEO’s, how is your Net Worth 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 I know we are in a highly computer automated society, for this exercise we can still use a printed worksheet. While money and assets are not the sole determinants 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.
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