Financial Freedom

Financial freedom is often associated with having enough capital to cover all your living expenses for the rest of your life without needing a salary. For some, this equates to retirement, but I believe it’s more nuanced than that.

Do you know your net worth? It’s equal to the sum of all your assets (that you own) minus all your liabilities (that you owe). You can’t improve what you don’t track.

A personal balance sheet provides a snapshot of an individual’s assets, liabilities and net worth. In this article we explain why it’s important to prepare and update one regularly in order to make better-informed financial & investment decisions.