Step 2 – Evaluate

“If you do what you’ve always done, you’ll get what you’ve always gotten.”
— Anthony Robbins

Taking Inventory

In order to meet our goals and live the life we are intended, we need to become financially stable and independent.  When the financial pressure is lifted, life becomes much easier.  We were never meant to be bound by debt but to use our talents to help each other and prosper emotionally and financially.

Calculate Your Net Worth

Look at your most current statements that are now organized in your binder.

Make a list of your assets and liabilities.  Assets would include checking, savings, investments, retirement savings, your home, vehicle, etc.

Liabilities include credit card debts, mortgages, auto loans, personal loans, etc.

Calculate your net worth (Assets minus liabilities).

Record your assets, liabilities and net worth on a spreadsheet, ledger or paper.  You will take a snapshot of this at the end of each month to chart your progress.