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All the reasons knowing your net worth matters

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Image source: lifeofamedstudent.com Not everyone knows the distinction between what they actually own and what they owe. Personal net worth matters for many reasons, but knowing about it is not usually considered important by many until it becomes a strong factor for major financial decisions. Steve Sorensen Networth Knowing about personal net worth is a reality check . A review of one’s personal net worth allows them to set realistic financial goals, ones that consider their current financial standing. If a person is way off track from having a good financial standing, checking their net worth is a wakeup call. If a person maintains a favorable net worth, knowing about it can serve as an encouragement to stay on the right path. Steve Sorensen Networth . Image source: dariusforoux.com A lot of people overspend on areas they should be spending way less. This is due to rationalizing want as a need. When a person is aware of their financial standing, they are more likely to