How To Understand Where You Stand In Terms Of Your Finances
If you want to know where you are today financially and where you want to go tomorrow and how you can get there then you need to evaluate your financial situation. For someone like you who wants to be financial independent it is important that you should take right decision at the right time. You would miss the opportunity if you fail to make decision and take action for your financial well being. Before setting financial goals, you should understand and evaluate where you stand today in terms of your finances. Listed below are few points which can help you assess your financial condition. Go through them carefully: 1. Your net worth: Net worth represents the total value of your assets minus the total value of your liabilities. This also means the percentage of your resources which you can use to meet some financial goal. Having a positive net worth is good. The higher your net worth is, the better are your chances of being financially independent. If you have negative net