I finally tackled a file drawer that I’ve ignored for several years. Like, more than 10 years. One of the things that I found in the drawer was my very first net worth statement. (It was drawn up as part of a business plan for one of my early businesses.)
I was very surprised to see how far I’d come. In 1997 I had a net worth of about negative $10,000. (I had credit card debt, some 401k money, and about $500 in equity in my home.) I was also just about to take out a student loan of approximately $20,000, which would have made my net worth about negative $30,000.
Now I have a positive net worth, but more importantly, I have the feeling that it’s ok to earn and keep money. In fact, it’s GOOD to do so. Money no longer flows away like water through a sieve. Instead, it’s pooling up.
What’s changed? A whole lot. But the most important change was in my head. I made the conscious decision to get out of debt once and for all, and to live below my means. And it struck me the other night: What if I apply the exact same methods I used to get out of credit card and student loan debt toward MAKING money?
I can’t wait to see the effects of that.