39 - Bottom Line - How to Assess Your Current Financial Situation

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In this episode, we give you the basics on how to assess your current financial situation. It's important to know where you're starting if you want to achieve your goals, and in this episode we show you where to start. For the full version, check out our podcast here.

In this episode:

  • You can’t have a plan unless you know where you’re starting  [1:00]

  • Getting to zero is a great goal [4:30]

  • How to determine your financial starting point [6:00]

  • Why you shouldn’t be optimistic when determining the value of your assets [8:00]

  • Why it’s important to leave the past behind [10:00]

  • How a starting point helps you develop goals [11:30] 

  • We’re not going to tell you to not spend money because you should spend on what makes you happy [13:00]

  • Is it worth working for others so you can buy more stuff? [15:00]

If you want to watch this instead of listen, go here to watch on YouTube.

Resources:

Download a worksheet for this podcast here.

Find a personal statement sample here