Personal Financial Statement

[Unregistered]

Regular visitor/first time poster! I thought this community would love to hear that when I looked at a personal financial statement from the SBA http://www.sba.gov/sbaforms/sba413.pdf, I kept thinking about the concept I read here about personal mission and vision statements.

So I wonder if you advice people to have a personal financial statement. Not an actual financial statement document, rather, a statement of future personal financial vision/goals?

[David Sandusky]

Thanks for visiting and posting! Many people and often times financial goals are present in a personal mission and vision. Having a separate statement of financial goals for, say, the next year is valuable too. What is most effective is stating tangible results (so what?). A vision of specific zeros in the bank account / actual investment as a result of cash on hand. Now you have a something you can see - in conjunction to a plan to get there.

[bradmitshell]

As a part of personal goal, always have a good understanding of your true financial situation. I agree in the importance of producing then writing and saying your finacial goals. The result may be a more open relationship with money and values.

[Charles0001]

Informative post... For all the business and marketing materials Finance plays an important role too. To guide the business in the right way the Financial Advisors are so important for the business as a whole.

[davidpeter]

Thanks for sharing with us its quite informative and very useful too excercise.

[ActonFiala]

Among the reality of posts your written post is exclusive one. This is appreciated. It is very polite and attractive. Continue to write. Thank you.

[MathewBracken]

Many companies employ various ways to promote financial philosophy. People can steal this practice for self clarity and heighten awareness to business financial statements. Good advice!