What is Your Net Worth?
Today I was buying a candy bar at the convenience store, only $0.50, chump change right? Yes, but it got me thinking about how much money I’m spending at the convenience store every week… and furthermore…
How much money / assets do I own total?? i.e. what is my net worth?
So I just spent an hour updating my ginormous net worth excel spreadsheet. It basically has all my assets organized with dollar amounts for every month. I organized my spreadsheet into the following categories:
- CD accounts (Certificate of Deposit accounts)
- Account 1…
- Account 2…
- etc…
- Website Revenue
- Google ads
- Text Link ads
- etc…
- Securities Revenue (Stocks)
- Bank Account Balances
- Bank 1…
- Bank 2…
- etc…
- Music Revenue
- etc…
After organizing all my account balances and revenue amounts, it really gave me a very clear picture of where my income is being generated as well as how much money I have TOTAL. I highly recommend all of you to make such a spreadsheet and update it monthly (especially if you have income coming in from many sources).
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