C.C. Collins of Scientific Wealth Strategies, invites you to reprint this
article in your publication, ezine, or on your website.
This is a Free-Reprint article. The only requirements for publishing this article
are:
You must leave the article and resource box unedited.
You are not allowed to change our recommendations, nor are
you allowed to change the context of the article.
You may not use this article in UCE (Unsolicited Commercial Email).
Email distribution of this article MUST be opt-in email only.
You must forward a copy of the ezine or newsletter that contains the
article inside to the author at:
cc@networthpublishing.com.
If you post this article on a website, you MUST set any URL's
in the body of the article and most especially in the Author's
Resource Box as hyperlinks. You must also send us a copy of
the URL where you have posted this article.
If you find any of the rules to be unsavory or unacceptable, please
do not publish this article. While we are happy to make the content
available to you for your own use, we must insist on having our rules
and *Terms of Reprint* honored in full.
Thank you for adhering to these four very simple rules.
Wealth And Your Net Worth
Copyright © 2005, C.C. Collins
|
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.
|
Writer's Resource Box:
|
The article on this page is Copyright © 2005, C.C. Collins
You are not required to show the creative commons license
notice when you reprint this work.
This work is licensed under a
Creative Commons License.
|
|
Article Marketing Tips:
| |
|
- Stand out from the crowds. Educate your prospects and they will turn to you for more knowledge. When they turn to you for more, they will visit your website. It is up to your website copy to sell your products, NOT your article. Provide great information and at your website, address how the prospect will benefit from what you are offering. Using these things in conjuction will help your cash register to ring.
|
|
