The Virtue of Proper Paperwork

In the first week of the year, I asked you to put together your personal balance sheet, a task that should have got you started thinking about your overall financial picture.  Last week, I talked about the importance of putting together your income statement, including what money you’re bringing in and what money you’re sending out.  These are the first two action items to complete on your success task list, and they’re the first steps toward getting yourself on the path to achieving your financial and life goals in 2017. In this week’s show, I go into detail on the third task on our list… getting your paperwork in order. This task isn’t as easy as it might seem. That’s because getting your paperwork in order means making sure you know how your assets are going to be handled in times of crisis, or in times of loss. If your paperwork is “N.I.G.O.,” i.e. Not In Good Order, then you need to begin correcting this situation right now.  Plus, why you need a living trust, and what you need to do to make sure that living trust is setup the way you want. And, why you need to look at these tasks with a sense of optimism, and a feeling of accomplishment.