Editor’s note: This is the first article in a monthly step-by-step guide for getting your financial house in order. Yes, it’s a daunting process, but we’re breaking it down into manageable steps that you can take each month until the task is done. For April, we’re tackling your personal net worth statement.
A personal net worth statement lists your assets and liabilities and provides a clear picture of your financial health. It is a great tool for setting financial goals and can help show you where to focus, whether it is saving for retirement, building your investment portfolio or coming up with a plan to pay off your liabilities.
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