Most people know what they earn. Far fewer know what they own.
Your paycheck tells you what came in this month. It says nothing about whether you are building anything you keep. Net worth does. It is everything you own minus everything you owe, and a bigger paycheck can't fake it.
Net Worth = Assets - Liabilities
One dashboard. The math is done for you.
You enter your balances on simple category tabs. The dashboard adds everything up and draws two charts.
Total Assets: everything you own, summed.
Total Liabilities: everything you owe, summed.
Net Worth: assets minus liabilities, your bottom line.
Asset Allocation: a pie chart of where your wealth sits.
Liability Breakdown: a pie chart of where your debt sits.
Set up in about fifteen minutes.
1
Make your copy. Open the link and choose Make a copy. It saves to your Google Drive.
2
Start messy. Enter what you know today. An estimated starting point works fine, and you can refine it later.
3
Fill in the tabs. Cash, investments, retirement, real estate, personal property, business assets and each type of debt. A tab you skip counts as zero.
4
Read and repeat. Check your dashboard, then update it monthly. The trend matters more than the starting number.
Inside the Quick Start Guide
A 20-page guide that shows you what to do with the numbers.
The guide walks you through setup, then turns your snapshot into next steps. Inside you'll find:
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How to set up and read your dashboard
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The Net Worth F.L.E.X. framework: four phases and ten moves for turning income into ownership
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The four ownership archetypes, with a link to the free Ownership Mindset Assessment
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Five ownership habits, each tied to a F.L.E.X. move
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Common mistakes and answers to frequent questions
For anyone ready to measure progress by what they keep.
You don't need a finance background. You need your latest statements and about fifteen minutes.
If your net worth is negative right now, this is still the right place to start. Mortgages and student loans put many capable people below zero early on. The direction of the number is what counts.
Questions
What if my net worth is negative?
That is more common than people admit. It is a starting line, not a verdict. Focus on the direction of the number over time.
Should I include my home?
Yes. Enter its current market value as an asset and your mortgage balance as a liability. The difference is your home equity.
How often should I update it?
Monthly is the sweet spot. Step back once a quarter to see the bigger trend.
Have a question that isn't answered here?
Ask Vincent. Submit your money question and it may be answered in the weekly F.L.E.X. Brief.
Is it really free?
Yes. You get the spreadsheet and the guide when you join the F.L.E.X. Brief. You can unsubscribe anytime and keep both.
How do I get it?
Enter your first name and email. The guide arrives in your inbox, and its cover link opens the spreadsheet so you can make your own copy.
Do I need Excel?
No. It runs in Google Sheets. You need a free Google account to save your copy.
How long does setup take?
About fifteen minutes for a first snapshot. Start with the numbers you have and refine them later.