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Reply to "Tracking Investments & Assets"
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[quote=Anonymous][quote=Anonymous]I have a very basic and ugly spreadsheet that I update monthly, each column is one month. I start a new copy of this sheet every January to keep it organized per year. In this column I have a section for cash assets, investable assets (stocks), and illiquid or physical assets such as house, cars, collectibles, etc. Another section for all liabilities. Then at the bottom it auto computes the net worth and gives liquid and non liquid NW values. Then I pull this value for each month into another spreadsheet with a graph that shows net worth over time. This is all manual, only costs 10 min per month. Been doing this since starting my career in 2011. I don’t use apps that link your accounts together since they periodically have issues and lost data [/quote] Me too. I'd rather use a basic spreadsheet and update it each month than use a third party program. And I agree with the other poster who says it feels really gratifying to see the growth over time. It took a long long time for our money to start looking like enough to retire on. My husband managed our money until a few years ago and didn't see the point of tracking all these accounts at all. "Why does it matter? We're maxing out withdrawals and saving wherever we can anyway, aren't we?" No. Once I created the spreadsheet and started tracking, I stopped spending as much, started redirecting more into various investment vehicles, and I no long feel stressed out about money. It gives you a wonderful sense of control, even if we're all subject to the whims of the market, etc. [/quote]
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