Financial statements are what companies use to make sure they're profitable. You should do that for your personal finances (several books suggest this including “Rich Dad Poor Dad” and___). A financial statement looks at 4 things: Income vs Expenses, Assets vs Liabilities. This is how you calculate your net worth. Let me help you figure out your net worth and get you going on your path to wealth. You should do your personal financial statement monthly or quarterly. It's meant to be a 10,000 foot view of your financial situation. This tool will show you why someone could make hundreds of thousands of dollars a year at their job, but still feel strapped for cash, not moving ahead. You might be surprised and happy about what your personal financial statement shows you, or you might be bummed and depressed and wishing you had saved more pennies or something depressing like that lol.