@Tausani Ah Chong
Statement of position is a report on your current assets, liabilities, income and expenses.
We usually do ours monthly when the monthly accounts are produced from our businesses. It is effectively your score card for your financial life. Our aim is to try and make this improve every month, even just a little, so that we are heading in the right direction or noticing if something is costing us so we can decide early if something needs fixed, adjusted or gotten rid of.
Goals sheet is our written record of everything we want in our life, our why we are getting out of bed in the morning list and a focus point so we know that the thing we do next is going to get us toward the things we want out of life.
Our goals sheet extends out to those pie in the sky ideas that we are likely to never get to but if you don't write them down you will never get to them and they are set at a rolling 10years in advance. then we break down every few years toward those goals and any interim steps that would help us get there. Ours includes vehicles we want to be driving or flying, property we want to own, holidays we want to go on experiences we want to achieve and anything else we can think of and then we put them in a timeframe to achieve them. Generally we sit down with a bottle or 3 of wine at the start of the year and redefine where we want to get to. Then we keep looking in on it hopefully every qtr if not more often thru the year to make sure we are still heading towards them.
Hope that helps. K
