Over the last two weeks we have talked about Net Worth, how to define it, how to calculate it and how to come up with a target Net Worth which signifies financial independence. We have looked at the metrics to track as you go along, so you know whether or not you’re on track. But what if you’re not on track? What if it is clear that you’re going to fall short of your target Net Worth. What should you do?
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What if you're not target?
In this session, you'll discover:
- That your target is a moving one
- That there are plenty of variables which may or may not be borne out
- Why it's about more than just the destination
- Ways to reassess your goal if you need to
- The three key variables, which can be moved to realign things when they go off track
- How tweaking one or more of those variables may mean that your target may not be so far off after all
Apart from anything else, there is much to be gained from aiming at a target, rather than wandering aimlessly through life.
Resources mentioned in this show
Website: Find a Certified Financial Planner
Podcast: Session 137: Making More Money
Plus, there is a full transcript available by clicking the big blue button below:
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