A professor argues that avoiding your financial numbers is the biggest obstacle to building wealth. Spend 30 minutes reviewing your income, expenses, assets, and liabilities to calculate your net worth and cash flow. This baseline is the only reliable starting point for any wealth-building plan.
[Speaker:PROFESSOR] One of the things that just blows my mind is how many people actually have no idea what their current financial situation is. So many people are afraid to look at their numbers because they don't want to know the answers. But this is actually a really subtle way of keeping yourself stuck. So you can't get to where you want to go if you don't understand your current situation. Take the 30 minutes, look at your finances, get a good picture, and know your numbers. That's how you can build a plan to create wealth long-term. But you have to start with, what is my situation now? If you don't do that, there's no way you're ever going to hit that destination because you don't have a correct starting point.
