Why you should assess your current situation
Lesson 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:
- Your Cash Flow
- 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’.