Step #1 / Complete the Templates

Today, you’ll take control of your financial future by completing two essential documents: your Personal Financial Statement and Income Statement. These templates are not just documents—they are your blueprint for an advanced financial strategy that will help you maintain a pulse on your financial position for years to come. Created by Nate Crannell and Mike Neubauer, these worksheets are designed to give you clarity on where you stand financially, and they’ll serve as a critical foundation for making smart, informed decisions moving forward.

Now that you’ve watched the video and downloaded the templates, it’s time to sit down, dedicate some uninterrupted time, and complete them. This is a crucial step in taking full ownership of your financial future. Once these documents are filled out, you’ll have the clarity you need to start building a more advanced and effective financial strategy.

Step #2 / Reflect and Analyze

Day 5 is about sitting down and doing the work that many physicians never take the time to do—tracking your financial situation in a comprehensive and detailed way. These templates will guide you through documenting your current assets, liabilities, income streams, and expenses.

Here’s what you should aim to accomplish today:

• Create Your Personal Financial Statement: This document will give you a clear snapshot of your net worth, listing all your assets and liabilities. It’s a tool that elite investors and financial professionals use to track progress, evaluate financial health, and make big decisions.
• Complete Your Income Statement: This is where you track your various income sources, including salary, practice revenue, and passive income, as well as your monthly and annual expenses. Understanding your cash flow is essential for creating a strategy that aligns with your long-term goals.

Questions to Ponder:

• Do you have a clear picture of your assets and liabilities? Is your net worth where you want it to be at this stage in your career?
• Are there opportunities to optimize your income streams or reduce unnecessary expenses?
• Are your assets and income aligned with your long-term financial goals?

Step #3 / Make Your Day 5 Post

Share a “lightbulb moment” you had when filling out your financial templates OR share how you are feeling after completing them - in our private LinkedIn or Facebook group. Just click one of the buttons below.