A net worth statement can be used to monitor the progress of a financial plan.

Question

Quizplus · Accepted Answer

A net worth statement provides a snapshot of an individual's or a company's financial health at a specific point in time. By monitoring changes in net worth over time, one can evaluate whether they are on track towards achieving their financial goals and make adjustments to their financial plan accordingly. Therefore, a net worth statement is a useful tool for tracking the progress of a financial plan.

A Net Worth Statement Can Be Used to Monitor the Progress