Having a firm grasp of your net worth is cornerstone of creating a financial , investment or retirement plan
The Walton Financial Group in Barrie Ontario recommends that calculating net worth be factored into creating a financial plan
Net worth is what you own minus what you owe. (Net Worth = Assets –Liabilities.) To calculate it, get all your financial documents together or have a good idea of the details of your accounts. Include other assets like cars, boats and other personal property, but remember the importance of the investable asset component of your net worth. The idea is to capture a snapshot of your total wealth at this moment in time. Knowing your net worth can help you develop the best financial , investment and retirement plan for YOU ,
When you consult with a financial adviser from the Walton Financial Group to create an investment or retirement plan it would be very helpful if you have a handle on your net worth
