How did you do in 2015?

Last year around this time I asked you to fill out your net worth worksheet.

Did you do it? If you did, it’s time to take it out and see how you did. If not, let’s start the habit right now.

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 determinate of your life’s success, for this exercise pretend money is EVERYTHING.

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 net worth sheet from Schwab,