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...help you adjust your short term spending, decisions, or something similar. Your net worth is today's picture of assets and liabilities - meaning what you have and what you owe. For example, if you have $100 in your bank account and owe $10,000 in student loans, you're net worth is negative $9,900. It's a snapshot in time and will change with future decisions. So seeing this figure can influence your decisions because in the previous example you may cut down spending on frivolous things and start saving or paying down the debt.

Your net worth statement does not give you a long term pic of anything.

It tells you what your situation is right now.

And what's a "sho"?