Plan Your Prosperity: The Only Retirement Guide You'll Ever Need, Starting Now--Whether You're 22, 52 or 82

Know Where You Are

To know which benchmark can increase the odds of achieving your long-term goals, you should know where you’re starting from and what your future needs are. To do that, do a few exercises like:

• Create a personal balance sheet to determine your current net worth. (See Appendix D.) You can also use this to make projections about future net worth.
• Create an income and expense sheet. (See Appendix B.) Use this to make projections about future cash flow needs.