One of the first keys to any type of planning is knowing where you are today. You can't figure out directions on a map without knowing your starting point and an ending point (your goals). In order to find your financial starting point you need to figure out your household net worth. Preparing a net worth statement can seems like a daunting task to many adults with ADD. However it is pretty easy to figure out, all that you have to do is figure out what you own and subtract it from what you owe, this is your net worth. If someone else in your household is handling your finances you might want to have them prepare this so that you can discuss your household's financial goals with them. I have attached a net worth calculator from Kiplinger to help you with preparing a statement of net worth.
http://www.kiplinger.com/personalfinance/tools/networth.html
http://www.kiplinger.com/personalfinance/basics/archives/2003/02/networth.html




Comments