Why is it important to keep track of your net worth? That is because it is essential in assisting you to meeting your long-term goals. Whether you are saving for university or investing for retirement, tracking your net worth can provide an effective way to evaluate your overall financial standing.
Your net worth represents all of your assets minus any financial liabilities or debt that you might have. Maintaining a positive net worth not only keeps you on an encouraging financial course, it can help you qualify for loans and more attractive credit terms as and when you arrive at the different stages of your life. With the Truth About Money’s easy-to-use net worth form you will get a clearer picture of your overall financial standing so you can make more informed decisions about your future.