Financial Success Guide

Why you should assess your current situation

Section 6 Module 2

The reason is simple - If you don’t know where you are today, you will not know how far you have progressed towards your goal.

Self-help author Robert Kiyosaki in his book - ‘Rich Dad, Poor Dad’, says, ‘The first thing you should create for yourself is - your own Personal Balance Sheet’.

Your Personal Balance Sheet tells you two main numbers:

  1. Your Cash Flow
  2. Your Net Worth

Your personal balance sheet is a ‘reality check’, and shows you where you are today.

In the next chapter, we will look at exactly how to calculate your ‘Cash Flow’, and your ‘Net Worth’.