Ch. 3

This chapter enlightened me as far as my economic status goes. I realized how to determine my net worth. To analyze my assets vs. liabilities I created a simple income statement. To reach my financial goal for the future I seriously need to start focusing on things that will increase in value over time. I have invested into more stocks that will be profitable over time. Taking a deeper look into stocks and the history of the industry before investing will help in gaining more reliable stocks. Before buying appliances and accessories I will determine its future value before buying. Savings are essential to adding to net worth and I will not take it lightly anymore. The essentials of this chapter are lifelong lessons and they will help establish wealth over the course of life.