Comments on: How To Calculate and Track Your Net Worth http://www.moneybluebook.com/how-to-calculate-and-track-your-net-worth/ Personal Finance Beyond Credit Cards and Balance Transfers Sun, 08 Nov 2009 03:56:44 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Raymond http://www.moneybluebook.com/how-to-calculate-and-track-your-net-worth/comment-page-1/#comment-86717 Raymond Fri, 31 Jul 2009 07:37:25 +0000 http://www.moneybluebook.com/?p=2268#comment-86717 Gerrit Draai, Well, your monthly pension is reflected in your networth calculation in the sense that it adds to your total asset count on a monthly basis. If your monthly pension is $5,000, then simply add $5,000 to every month's asset number subtracting any expenses you may have for that month. You wouldn't add the entire year's worth of pension money in your individual month's networth calculations until it's actually in hand. Gerrit Draai,

Well, your monthly pension is reflected in your networth calculation in the sense that it adds to your total asset count on a monthly basis. If your monthly pension is $5,000, then simply add $5,000 to every month’s asset number subtracting any expenses you may have for that month. You wouldn’t add the entire year’s worth of pension money in your individual month’s networth calculations until it’s actually in hand.

]]> By: Gerrit Draai http://www.moneybluebook.com/how-to-calculate-and-track-your-net-worth/comment-page-1/#comment-86661 Gerrit Draai Thu, 30 Jul 2009 23:59:19 +0000 http://www.moneybluebook.com/?p=2268#comment-86661 In trying to establish my net worth I don't know how to factor in my monthly pension. What value do I attach to that? Or, if for instance my monthly pension is $5,000, do I add 12months x $5,000 to my assets? Appreciate your help Thanks Gerrit In trying to establish my net worth I don’t know how to factor in my monthly pension. What value do I attach to that? Or, if for instance my monthly pension is $5,000, do I add 12months x $5,000 to my assets? Appreciate your help
Thanks
Gerrit

]]> By: Raymond http://www.moneybluebook.com/how-to-calculate-and-track-your-net-worth/comment-page-1/#comment-64825 Raymond Tue, 14 Apr 2009 06:47:47 +0000 http://www.moneybluebook.com/?p=2268#comment-64825 Threadndr (Karla), Actually, I recommend continuing to track your financial net worth during both good times and bad. What good is a historical networth chart of your own progress over the years if there are substantial gaps in data? Threadndr (Karla),

Actually, I recommend continuing to track your financial net worth during both good times and bad. What good is a historical networth chart of your own progress over the years if there are substantial gaps in data?

]]> By: threadbndr(Karla) http://www.moneybluebook.com/how-to-calculate-and-track-your-net-worth/comment-page-1/#comment-39468 threadbndr(Karla) Thu, 06 Nov 2008 18:01:01 +0000 http://www.moneybluebook.com/?p=2268#comment-39468 One thing I do it to chart not only my "classic" net worth - calculated just as you outline above, but also calculate two other benchmarks. The first is my networth without the real estate, vehicles and personal property ("liquid" net worth) and then also drop out my checking and escrow accounts for vacation, taxes and the like that will be spent within the next year and my retirement ("investment" net worth). By tracking with and without house, cars and escrow (which can vary wildly depending on whether I've just paid taxes or gone on vacation), I can isolate the trends, making sure debt is going down and assets are going up. I've been too depressed by the trends lately to update my networthiq account. I should just bite the bullet and see how bad the damage is (sigh) One thing I do it to chart not only my “classic” net worth – calculated just as you outline above, but also calculate two other benchmarks. The first is my networth without the real estate, vehicles and personal property (”liquid” net worth) and then also drop out my checking and escrow accounts for vacation, taxes and the like that will be spent within the next year and my retirement (”investment” net worth).

By tracking with and without house, cars and escrow (which can vary wildly depending on whether I’ve just paid taxes or gone on vacation), I can isolate the trends, making sure debt is going down and assets are going up.

I’ve been too depressed by the trends lately to update my networthiq account. I should just bite the bullet and see how bad the damage is (sigh)

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