Remember when your Red SHOES workbook was new? How you cracked it open and thought “this is the thing that’s going to change my life forever!”
What’s happened since then? Are you headed to your goal or looking for a little inspiration? We’re not here to judge—we’re here to help. So go find that workbook and let’s get going!
Step 1: Check in on your million.
Pull out your Red SHOES workbook and flip to page 8: This is where you defined your financial goal—your million—and started on your Red SHOES journey.
What did you write down then? Is that goal still important?
If the answer is “yes” and you feel on track toward accomplishing it, yay you and carry on!
But if you can’t answer with a clear and definite “yes,” the big question to ask yourself is “Why?”
Has there been a change in your life—good or bad—that’s shifted your priorities? Be honest. People change. Life happens. And it’s ok to pick a new million for yourself.
Step 2: Figure out your current net worth.
The difference between what you own and what you owe is called your net worth. You’ll need this information when you’re working on the game plan to reach your million. Already did this? It’s worth doing again if it’s been at least six months or you’ve had a big change in your finances.
You can calculate your net worth using the handy worksheet on page 21 of your workbook. Or, easier yet, just go to Summit's Climbr® within online banking. You can also use our handy calculator on the Summit Credit Union website! Your Summit accounts will be loaded into the tool automatically; you’ll need to enter outside accounts by hand.
Tempted to guesstimate your net worth? Take the time to do it right. You should be able to access your financial accounts online and for things like home value there are handy tools online, like Zillow.com, which can provide an estimate.
Step 3: Talk to Summit.
Our team of experienced, caring financial experts is here to help you get and stay on track toward owning your million. Call, email or stop in today!
