August 2021

How do you measure financial performance? While we all know numbers aren’t the only measure of success, I update our statement of net worth on an annual basis. I’ve been doing this for the last eight years and it’s proving to be very helpful in measuring my progress against one of my financial goals. While you should always understand your financial status, seeing a trend over a sustained period is very helpful.  

The schedule of net worth allows you to review how your assets are balanced, whether you have enough liquid assets, whether you have sufficient life insurance and other financial objectives.  

Keeping this schedule up to date will be very useful for your executors. After you’ve prepared this statement once, updating it annually is a simple task.


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