I have been writing about my own personal financial outlook for a while now. In this blog, I share my thoughts on my net worth, the value of my own assets, and the value of my assets relative to my net worth.
The problem with net worth is that it’s rarely directly measurable. By net worth I refer to all of my assets, including any personal possessions I have that I own outside of my own home. By assets I mean my real property, my personal belongings, and my business assets.
It’s not that I don’t have a net worth. I know that I have a lot more than I know what to do with. But it’s not like I have a lot of assets in cash. I still have $16,100 in my checking account. My credit card is only $1,500. I only have $600 in my savings account. I have my house for rent.
With all the changes we’ve seen in the last couple of years, I thought I would put together this list of some of the more important numbers I have in my head. I’m not making any money right now, so it’s not really a source of income.
This list is also a bit more about how money can be made, not a list of my net worth. It’s a list of how much I spend on a regular basis, how much I have saved, how much I have had to borrow, how much I have spent on cars, my net worth, and how much I am worth in the eyes of the IRS.
I had to give some of the more important numbers I have in my head a bit of a break. I was trying to get a little more specific, but I’m sure it would have been pretty difficult for me to explain just how much I spend on a regular basis and what I have saved. So if you want to know what I have in my car and how much I have saved, go ahead and look it up yourself.
While I think it’s fun to talk about what I spend and save on, there is a lot of work that goes into those numbers and it’s difficult to get specific about them. On the other hand, if you know that you have a credit card and your bank account, you can find out all the information you need to figure out your net worth.
The basic net worth calculation would be to find out what your net worth is and then use that number to calculate how much money you have in savings, investments, and accounts. A good place to start is by looking at your most recent statement (if you don’t have one already). Then you can add that amount to your existing savings, investments, and accounts to come up with your net worth.
If you don’t have a statement, then you will need to go to your bank and request a statement. This will show your assets and liabilities at the end of every month, as well as what investments you have and the dollar amounts of all of your accounts. This will give you a good idea of how much you have in investment accounts compared to savings accounts and in what kinds of stocks and bonds.
If I want to get a statement from someone, I could request a statement from someone else. You can do this through your bank, but it’s a little bit more complicated than that. You can do this by going to your bank, sending out a request and then sending out a statement, but this is a little more complicated than that.
