Whenever I travel to a new place, my initial reaction is to quickly survey the land and look for the nearest, highest point that I can somewhat easily scramble up. There is something orienting about understanding the lay of the land. It helps me acknowledge where I am, where I want to go, and what I want to see. Tracking your net worth serves the same purpose – you need to understand financially where you are and where you want to go.“What gets measured gets managed.”
I’m a big believer of this statement and it can be very beneficial or an absolute disaster if the wrong thing gets measured.