What is your “net worth”? A few may know their financial net worth, but how many of us know our net worth as a person/
Our Pastor spoke of our net worth in her sermon on Sunday and it caused me to consider my “net worth” as a person.
Working with business owners as I do, I find it very interesting that most business owners do not know their net worth – financially. While I understand that some humbly do not place a high priority on their own net worth, many others simply do not want to know what their net worth is – fearing that they will not like what they see. You see, to determine one’s net worth financially, an honest assessment must be made of assets versus liabilities. The more assets we have and the fewer liabilities, the higher our net worth. Too often we are afraid that we will see that the liabilities outweigh the assets so we do not even attempt to find out for sure.. Well…the same applies to considering our “net worth” as individuals.
If you are at all like me, we are afraid to honestly assess our personal worth because we may not like the results. Whatever high opinion we have of ourselves may be diminished or, even worse, the low opinion we have of ourselves may be confirmed and supported! Therefore, we choose to not know – rationalizing that it really makes no difference what my net worth is anyway – personal or financial.
Interestingly I have found that, once most business owners honestly assess their financial position, most are surprised by the positive results. Things are not usually as bad as they feared they were. And, by conducting this honest assessment, they are better able to determine areas for improvement along with areas of success for motivation to continue.
I encourage you to take the time to make an honest assessment of your worth as a person. As in determining one’s financial net worth, you may be surprised by the results.
Wishing you peace, success, and happiness in your life.