Checklist #30 · Planning
Net Worth Tracking
Define, calculate, and systematically track your net worth over time — the single number that tells you whether your financial life is moving in the right direction.
18 action items~20 min to complete4 sections
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Catalog Your Assets
0/5 completed
List all liquid assets: checking, savings, money market accountsKey
Record all investment accounts: brokerage, 401k, IRA, 403b, HSA
Add real estate: primary home, rental properties (market value)Watch out
Note physical assets: vehicles, jewelry, collectibles worth over $1,000
Include business equity if you own a business (use conservative valuation)
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Catalog Your Liabilities
0/6 completed
List mortgage balance(s) — current payoff amount, not original loanKey
Record all car loan balances
Add all student loan balances by servicer
Include all credit card balances (all cards, all balances)Watch out
Add any personal loans, HELOCs, or medical debt outstanding
Note any informal debts owed to family or business partners
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Set Up a Tracking System
0/6 completed
Choose a tracking method: spreadsheet, app (Personal Capital, Copilot), or manual logKey
Schedule a quarterly net worth snapshot — same date each timeAction
Create a running chart of net worth over time
Segment net worth into liquid, retirement, and real estate categoriesKey
Establish quarterly account reconciliation routineAction
Review investment allocation annuallyKey
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Identify Growth Levers
0/3 completed
Identify your top 3 net worth-building actions for the next 12 monthsKey
Calculate your net worth growth rate over the past yearAction
Set a net worth target for 1 year and 5 years from todayKey