11/7/2022 0 Comments Create wealth trackerMoney in your HYSA (high yield savings account).The amount in any of your savings and checking accounts.Your assets may include (but are not limited to) the following: Over time, you will put these amounts in every month to track your progress. Next, you’ll want to put the total dollar amount of each asset within the month you are in. I like to organize them by category, as you’ll see in my net worth tracker document. If you keep track of your net worth every month and align it with your financial goals, you’ll have a plan of action to simply follow for the rest of your life, without any of the unknown.įirst, list out all of your assets. I think about my colorful net worth spreadsheet and find myself double thinking unnecessary purchases! Tracking my net worth actually makes me double think purchases.ĭo I want that $20 invested or do I want that purse? Plus, no one likes finding out at 61 years old that they won’t be able to retire at 65 because they weren’t planning appropriately. In addition, I find that tracking my net worth started motivating me to save more and invest morewhen I saw progress in my net worth. It allows you to be able to plan for your future with your financial goals in mind.īy understanding exactly where you’re at financially, you can align your financial strategy with your goals seamlessly. Tracking your net worth allows you to get a transparent picture of your financial health.
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