MMP156: Net Worth - What to do if you're not on target

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?

Over the last couple of weeks, we have looked into what Net Worth is and how you can calculate it, and the things you should track on your way to target. But what if it you're not on target?

In this session, you'll discover:

1. That your target is a moving one
2. That there are plenty of variables which may or may not be borne out
3. Why it's about more than just the destination
4. Ways to reassess your goal if you need to
5. The three key variables, which can be moved to realign things when they go off track
6. 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 

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I love to read and respond to your comments, so please do join in and share. Question: Are you on track? If not, what might you do to fix it?

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