This may seem like an exhausting financial survey or a daunting task but having discipline in this analysis can help you to have discipline in your financial behavior through the next year. The first few times I did this exercise, I wrote it all down with pen and paper. Over time, I moved my work to a personal finance website that aggregates my accounts and makes it easy for me to see all my financial holdings at a glance, making the process much more turn-key. Putting all the information online allows me to get daily updates about my account values, too, so that I don’t have to wait for an annual time point to assess our net worth and financial picture.
If you’re interested in conducting this kind of net worth assessment for yourself or your family, email me here
. I’ll be happy to get you started on this path for the new year so that you can take greater control of your financial well-being.
One way to take control of your financial health in 2020 is to open a MAP account to house your growing investments and add discipline to your financial routine by automating your investment habits. When you open an account with MAP, the first thing you’ll click is Get Started
. MAP is meant to help you do just that: set your path and achieve your goals – whether you’re focused on something in the short term (like saving up for a down payment on a house) or already thinking ahead to retirement.
This new year, I encourage you to Get Started on your financial journey. Financial stability and improvement are well within reach, but it does take work and focus to get there. The invigorating spirit of the holidays and the new year can be a launching pad for your family’s monetary success. I wish you the best in your endeavors this coming year and look forward to hearing from you about how your New Year’s financial resolutions are developing.