|
|
| www.1001TopWords.com |
|
|
Wealth And Your Net Worth
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 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.- C.C. Collins is a Financial Planning Advisor and Author of "Scientific Wealth Strategies" at http://wealthscientist.com. Find more information at http://networthpublishing.com
|
|
|
|
RELATED ARTICLES
Why do Some People Rake in the Dough while Others Spin Their Wheels to No Avail? Here's the truth: I have read hundreds and hundreds of books about personal finances, from the conventional world of financial planning, to the trendy how-to-get-rich programs to the New Age gurus of money. The Morphing of Thought and Cash Here are some thoughts about the morphing of thought and cash. What do I mean by morphing? I mean the transformation of something from one form to another. If you have seen movies like TERMINATOR 2, X MEN, or MATRIX, you have an idea of what I'm talking about. In these movies, some characters literally change physical shape from one form to another. What I'm speaking about is a kind of mental "alchemy." Pennies From Heaven I want to share an experience I had in common as a child with Dr. Wayne Dyer, author of the bestselling book, The Power of Intention. I'll bet many of you had similar experiences too. Financial Freedom for Every Employee You may think you have to be an entrepreneur to achieve your goal of financial freedom, but that is not necessarily true. While it is true that owning your own business is an excellent way to generate passive income, financial freedom is not entirely dependent on business ownership. 7 Golden Rules to Financial Prosperity Not Enough Money? Does Money Grow On Trees? "Money Doesn't Grow On Trees." Lesson 2 - The Commodity Of Kings! What is "The Commodity of Kings" Online Retirement Opportunity: Freelance Copywriting For most of us, the idea of retiring simply on our pension is not a happy prospect. The Wealthy Mindset What is the difference between wealthy people and poor (even average) people? It is not all the money that wealthy people have and the average don't, nor the luxury, nor the lifestyle. It is their mindset. From Debt to Financial Freedom The vast majority of working people are in debt. The vast majority of people who are now in debt are always struggling to find better jobs with higher pay checks. As strange as it may sound the more you think about it the more you will come to realise that the more money people make the deeper they get into debt. It almost seems that finding another job with better pay check is not the most effective solution to get out of debt. Virtual Millionaire Strategy Exposed Let's begin this lesson with a definition of the term "Virtual Millionaire". This is an expression, known to the CPAs, but unknown to the general public. Why? It's because the bank does not want you to know. Here is why... Financial Intelligence - Natural Marketing For Lone Rangers "Ooooooh," you may say, "I could NEVER be good at marketing, I'm just not that sort of person. I'm just not pushy enough". How to Have MORE Fun With YOUR Tax Refund in 2005 I counsel a LOT of people about money. I see the same mistakes being made over and over again. Want Money? You Got It! Six out of six people who were asked to list their highest priority in life said, "I want money". Maybe not in those exact words, but that was the gist of the request. Understand, when you ask the Universe for something the Universe must help provide it. All six of these people are getting exactly what they asked for. They are 'wanting money'. Q and A: Financial Independence Tips For Women From Coni Cecil As a woman Netpreneur, I sat down via e-mail with article-announce regular contributor, Internet marketer and women's financial consultant Coni Cecil of www.cecilfreedom.com. She shared her Internet marketing and financial wisdom for women on the Net. The quote on her site from Eleanor Roosevelt is inspiring: "The future belongs to those who believe in the beauty of their dreams." Residual Income - Part Three Finding Leaders In my last article on Creating Residual Income I mentioned that employees are a pain. Cutting Costs Can Significantly Increase Your Income As a work at home Mother, I know the value of a deal. Any smart business person knows that the best way to make money is to SAVE money. The Predicament of the Newly Rich They are the object of thinly disguised envy. They are the raw materials of vulgar jokes and the targets of popular aggression. They are the Newly Rich. Perhaps they should be dealt with more appropriately within the academic discipline of psychology, but then economics in a branch of psychology. To many, they represent a psychopathology or a sociopathology. The 11 Best Money Saving Ideas of All Time - Part 2 At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true. Spiritual and Emotional Money Goals: The Keys to a Financially Free Future Are you setting the right money goals?
|
| © Athifea Distribution LLC - 2013 |
