Where are you now recap (video)
Where are you now recap (video)
You can watch this by clicking on the image below or by playing Step 02: Recap on your DVD.
"Perhaps the news is more positive than you imagine."
The transcript below is a repeat of what is said in the video.
Video transcript
Video transcript
Sarah
Well, you should now know whether you've already got any pension and any spare cash - and how much. Does that cover everything for this step Bob?
Bob
Oh on the contrary, if you have other savings or things like stocks and shares, then you might be interested in looking at the In depth section to get a really exact picture. That's also true if you've got large loans - or perhaps you just want to see what you're worth overall.
Sarah
Like a picture of everything I've ever used or needed money for?
Bob
Exactly. We call it your overall
wealth and once you start including things like how much
you still owe on the mortgage then you can be surprisingly
deep in debt.
This isn't the end of the world, but finding out these
kinds of things helps you to be realistic. It's worth
looking at how much your house might be worth in relation
to what you actually owe on the mortgage too. Perhaps the
news is more positive than you imagine. The In depth
section can weigh up all these extra pieces of information
for you.
Sarah
I see. So, it's ok to go on to Step 03 at this point and start working out whether you're on target, or if you want to find out even more details about your overall wealth then you can keep going with this Step and look at the In depth pages.
Bob
Alternatively, you may want to go straight on to Step 03 now, but then come back another day and do the extra pages at the end of each Step.
Sarah
Bob's right, you don't have to wait until you've done all five Steps. You can come back and do the In depth pages at any time.