|
|
|
|
|
Business & Finance
Articles
Wealth and Your Net Worth
By:
C .C . Collins
by C.C. Collins http://networthpublishing.com
Most people know it's important to keep and organize all of your vital financial information. But knowing you should and knowing how are two different things!
Once you know the reasons for being very organized with your financial data (and keeping it all in a very safe place) I hope you will put organization on your net worth building to-do list (at or near the top).
You need to be able to see your financial strengths and weaknesses quickly. If you are an active investor, it's even more important that you do so. Time wasted on missing data and lost tracking information is money lost.
Also, keeping an accurate and up to date personal net worth statement (personal financial statement) can help you get loans or other financing more quickly.
It would be well worth the effort to be able to give your financial institutions information they need at a glance. And your needs for the same ability to query your net worth and data associated with accounts, investments, in and outgoing money, and other important data are very important.
Be sure and carefully consider all portions of your net worth. Often forgotten components of your net worth are listed below in a handy checklist to get your data system in order and on track.
Cash on Hand and In Bank Notes Payable Marketable Securities Non-Marketable Securities Securities Held by Brokers Restricted or Control Stocks Partial Real Estate Interests Owned Real Estate Loans Receivable Life Insurance Other Assets Accounts Payable Amount Due to Brokers Unpaid Income Taxes Other Unpaid Taxes/Interest Other Debts Debt on Real Estate Equities Real Estate Mortgages
Make sure you know what you're really worth. The only way to calculate your net worth accurately is if you track everything above.
On your road to a high net worth you can make fewer pit stops if you have a plan and the data to support your investment decisions and abilities close at hand.
Make use of spread sheet software and programs like Quicken to keep your net growth on track. The reports you can run are invaluable for seeing where you’ve been and how far you’ve come with your portfolios, mortgage, taxes, and other important information.
An investor who knows their history can better project growth and find weaknesses in their portfolio that they can improve upon.
Organization is the bedrock of those with strong net worth. It is a common thread that connects all successful investors, active or passive.
---
About the author:
C.C. Collins is a Financial Planning Advisor and Author of “Scientific Wealth Strategies” at http://wealthscientist.comFind more information at http://networthpublishing.com
Circulated by Article Emporium
http://www.universalwealthcreation.com
Wealth Creation | Financial
Wealth
Copying or
republishing this article is permitted with this footer
included
Collect a Free 260 page
ebook here: Universal
Wealth
Earn up to $1,000 per referral: Wealth
Creation Affiliate
These property,
finance, stock market & business articles have been supplied in the
interest of Universal Wealth Creations visitors who want to
expand their knowledge in the wealth creation & investment
fields. All the business, finance, stock market &
business articles have not been read as they are submitted
remotely, so if you find any questionable facts in here or simply do not
like it, please email webmaster@universalwealthcreation.com and we
will review the material. As we find time to do so, we will go through
all articles and remove any that appear not suitable. Other sites we
recommend here at Universal Wealth Creation are:
21st
Century Academy with
Jamie
McIntyre, Investor
Finance, Universal Trading Solutions which promotes great wealth
creators like: Kim Reilly,
Simon Martin,
Justin
Beeton, Louise
Bedford, John Kaye, Daniel Kertcher & more. They run great seminars
across the country. At times we will publish dates for these
seminars as they are made available around the counrty.
Meanwhile, there is a great opportunity to learn about the finance,
stock market & property investment field through reading these
kind of articles. Learn about share trading, options, futures, CFD's,
derivatives, warrants, indices & more in the stock market. You will
also learn plenty about business, finance & property
investing through authors opinions in the marketplace. Enjoy
your journey towards financial freedom. We hope you will enjoy your
visit.
Regards
Sean
Rasmussen -
Universal Wealth Creation Pty Ltd
Financial Wealth | Wealth Creation
Ebook | Wealth Creation Ezine | Financial
Investment Books | Kim Reilly | Jamie McIntyre DVD | Jamie McIntyre
Homestudy | FAQ | Jamie McIntyre
Testimonial | Wealth Creation Forum
| Wealth Creation Affiliate | Bourse Data | Australian Property |
JB Global | Justin Beeton | Investor Finance
| Guy Bower | 21st Century Academy |
Pacific Investor Group |
Forex Currency Trading |
Property Investment | Property
| Covered Calls | Property Sourcing | Property Articles | Business Articles |
Finance Articles |
Resource Directory | Jamie McIntyre | Business Opportunities |
Property Investing |
Share Trading | Renting Shares
| Investor Finance Articles | Property & Finance Links | Wealth Creation DVD |
Perth Property | Adelaide Property | Brisbane Property | Hobart Property | Melbourne Property | Sydney Property | Australian Property | ASX Links | Work From Home | Making Money | CK Locke | IPO | Finance Review | Deposit Bonds | Bank Guarantees |
Site
Map
