Net Worth Tracking Template [Excel]

[TonyStark]

Hey guys, I stumbled upon this great thread on the /r/personalfinance on Reddit, and I wanted to share with you guys this great tool to track your net worth over time.

Click --> here to view it.

For the lazy, here are the screenshots the guy posted:

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[devine]

Not the most efficient way to work with this kind of information. A lot of mess. Abbreviations solely are bad. Counting pennies like .52, .99 must be avoided as well. Accounting has to be easily understood even by a monkey.
With this kind of numbers, the first thing one must do is get a custom platform for statistics.

Not saying this is not valuable though.

 

[jpanarra]

Not the most efficient way to work with this kind of information. A lot of mess. Abbreviations solely are bad. Counting pennies like .52, .99 must be avoided as well. Accounting has to be easily understood even by a monkey.

Agreed, the template is nice and can be useful. However, I think the time could be used better otherwise trying to make money as opposed to trying to track it. You could keep this template, and when you reach a certain point, you can hand this off to a virtual assistant to keep track of your money, and you'll be able to target where the weak points are. But at that point, it just might be easier to hire an accountant.

 

[fhs8]

There's no need to show each security being held. Just the brokerage account value is good enough.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[YoungPadawan]

Hey guys, I stumbled upon this great thread on the /r/personalfinance on Reddit, and I wanted to share with you guys this great tool to track your net worth over time.

Click --> here to view it.

For the lazy, here are the screenshots the guy posted:

View attachment 13460

View attachment 13461

There's also mint.com that is super convenient

 

[jpanarra]

There's also mint.com that is super convenient

Yeah i use mint for personal finance too.. just not my business accounts

 

[YoungPadawan]

Yeah i use mint for personal finance too.. just not my business accounts

likewise!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.