Creating a balance sheet to calculate your net worth is like visiting the doctor or the dentist for a checkup. The outcome may be highly positive, indicating sound financial health, or you may get some bad news. In the case of the latter, the idea is to find ways to treat your ailing net worth to improve it.
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Ted Schwartz and Jamie Cornehlsen are advisors with Capstone Investment Financial Group in Colorado Springs, Colo. Cornehlsen is also president of Dunn Warren Investment Advisors in Greenwood Village, Colo. A Certified Financial Planner®, Schwartz advises individuals and endowments. He holds a B.A. from Duke University and an M.A. from Oregon State University. He can be reached at firstname.lastname@example.org. Cornehlsen, a Chartered Financial Analyst®, advises business owners and employees on retirement plans. He holds a B.A. from the University of Colorado and an M.B.A. from the William E. Simon School of Business at the University of Rochester. He can be reached at email@example.com.