It's easy to get caught up in the idea of making money, and to forget about how to build or protect your wealth. Here's your chance to figure out what you want, what you need, and what you have. Remember, none of this is set forever. You have the ability to change all of this if you are clear about your financial goals. This is a great place to start.
Activity: Write down your personal financial goals and values. Talk about them with your partner or your family. Then assign corresponding dollar amounts - you might be surprised by what you see on paper.
Next, take some time to calculate your net worth. This will give you an idea of where you are right now with your finances. How does this measure up with the financial goals you had identified? Chances are you have some work to do.
Whether you’re going it alone, or working with an adviser, completing this practical exercise will give you the information you need to get you going in the right direction.