USE YOUR PERSONAL BALANCE SHEET

Assessing your financial position, reviewing assets and liabilities, is a starting point for an investment strategy. When deciding on goals to set and the path to achieving them you can do a similar exercise, so you can work your strengths, work on some weaknesses, and outsource the rest. They may be mental, behavioural, physical, relational or experiential.
 
In this exercise Assets may be things like money, job, knowledge, skills, passion, persistence, hard work, supportive partner and a network of useful contacts. Liabilities (constraints) might be self-doubt, debt, or lack of knowledge, skills, confidence, drive or access to capital.
 
Taking stock of your personal balance sheet enables you to craft the goal based on your strengths. You may craft a Discovery Goal, preparing for the journey to reach a goal by addressing your constraints. Some you may decide to work on, such as developing knowledge or a skill. Some you outsource to others who have that strength and bring them onto your team.
 
One key asset, however small, is your network, an asset always worth building as it will tip the balance (pun intended) in your favour, providing access to resources to aid in the areas you need.
 
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*Image by Peggy and Marco Lachmann-Anke on Pixabay
#GoalSetting #PersonalDevelopment

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