When you take stock of your life, it allows you to gain a better perspective of your likes and dislikes. The point is to evaluate your current situation to improve it to where you want to be. This includes evaluating your current strengths, weaknesses, likes, dislikes, current frustrations, and more. When they are written down, and you take the time to pay attention, it becomes clearer what makes you unhappy, and you can make better decisions to improve your situation.