How do you calculate your networth?
What tools are available for one to calculate/view their networth at one single place?
I'm talking about things like
Funds in saving bank account FD and RDs from all the banks Mutual fund investments Stocks, domestic and international ESOPs EPF
There are many more things, Am I the only one or anyone else has thought that this is necessary? Do you track them currently, if yes then how?
I feel a strong need for a single app to be able to track all of these
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Nothing better than a Google sheet, gives you all the flexibility and customisation.
+1
Make a basic template and calculate all these Why do you have to give personal info to companies voluntarily
+1
Once I came across a sheet where Jack Dorsey (founder of Twitter) gave calculation of $1 bn on a sheet!
Yes, literally $1 bn worth of donations was calculated on a sheet.
Shows we don't really need any fancy tool to calculate net worth.
SHEET IS SUPREME.
By not calculating them
I feel the need of it in bunch of scenarios, like
I'm fed up with my work, let's say I want to take a 6 to 8 months break. Do I have sufficient funds for it?
God forbid, if my family need to access funds in some emergency where I can't help them, they (spouse, parents) should know how much funds are there and where they're.
Want a way to validate my efforts in saving and investing over a period of time, how do I validate it without calculation?
I use Kuvera but the best way is to not think much about it. I have once then forget about it.
My bf made me a Google sheet with assets, liabilities and overall wealth columns. I update it same day every month. Assets include all the investments with bank balance, pf, ppf. Liabilities include CC bill and edu Loan (this got paid off recently). The overall wealth is Assets minus Liabilities and I look forward to updating this sheet every month.
Google sheets!
I have an excel which i use to track everything
IndMoney does it pretty well
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