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	Template for Your "Ow-Ow" Statement (Click Here for an Example of a completed "Ow-Ow" statement)
Your Initial Financial Plan: Print Out The Eight Step Checklist to Keep Track of Your Progress Step 1: Calculate Your Financial APGAR Score Step 2: Put Together Your "Ow-Ow" (Net Worth) Statement Step 3: Prepare Your Monthly Cash Flow Budget Step 4: Set Your Savings and Debt Reduction Goals Step 5:  Project If You're Saving Enough for Retirement Step 6: Work Through a Tax Projection (to Avoid Any Surprises Next April 15th) Step 7:  Review Your Life and Disability Insurance Needs Step 8:  Have an Attorney Draft Certain Essential Documents	WHAT YOU OWN (ASSETS) Bank accounts, money market accounts, and CDs: __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ Non-retirement investment accounts: __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ Retirement accounts: __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ Real estate: __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ Tax-deferred annuities and life insurance cash value: __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ Other assets: __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ TOTAL ASSETS ____________________ WHAT YOU OWE (LIABILITIES) Real estate mortgages and equity loans: __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ Auto loans, credit cards, other consumer debt: __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ Student loans __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ Other liabilities: __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________ __________________________________________ ____________________      Sub-total ____________________ TOTAL LIABILITIES ____________________ CALCULATE NET WORTH Total assets (from above) ____________________ Total liabilities (from above) ____________________ NET WORTH (assets - liabilities) ____________________

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