Why Compile & Analyze A Personal Financial Statement or A Statement of Financial Condition?
www.networthexpress.com Simply, for financial security! Obtaining financial security is probably everyone´s primary goal. Another phrase for financial security is financial freedom. In a few cases where the person´s goal is not financial security, he or she is unlikely to be reading this article. One of the primary reasons to start regularly compiling a Personal Financial Statement is to keep track of where you are in the journey of the goal for financial security. The second reason is to be able to analyze your assets and liabilities to determine what area of your financial condition you need to focus upon or revise. The third reason is seeing your net worth on paper gives you the confidence of knowing precisely your financial situation. It is only normal to see your net worth fluctuate over the course of time. The stock market is volatile. The real estate market is always changing. Your income varies, and hopefully increases over the years, providing more discretionary income that ca
