Step 2: Taking A Personal Retreat - "A Financial Retreat"

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Step 2: Taking A Personal Retreat - "A Financial Retreat"

Step 1: How to Compute Your Net Worth

Now going back to the Steps of Setting our Financial Goal, we start with step 1 which is:
"How to compute your Net Worth"

I know a lot of people hate the subject of accounting (that includes my wife), but it is a necessity when it comes to taking control of our financial life. Although in this section we will discuss a few points in accounting but we will discuss it the simplest and practical way I can possibly explain.

Step 1: How to Compute Your Net Worth

Setting A Financial Goal

Based on our previous discussion (please click here for those who have not read it), we all belong to a financial stage and all the steps that we should be doing should take into consideration where we currently belong.
Again, the goal is financial freedom so I guess we all agree that, that is all our "end-state".

Now let's start with setting a Financial Goal.

Setting A Financial Goal