How to measure your NET WORTH | How to get rich by tracking your wealth in Excel

Are you asking yourself how to measure your net worth or how to calculate your net worth? I will show you how to get rich by tracking your wealth in Excel. Improving your net worth is essential for setting yourself up for financial success. In this video, I explain to you what net worth is and how you can measure your net worth. I will show you how to track your net worth in Excel with an Excel tool that I built. This is the same Excel that I use to track my net worth. Make sure you have full transparency on your assets and liabilities, as well as the cashflow from your income, your investments and recurring expenses and discretionary spend. Learn to get rich by tracking your wealth in Excel. Learn to track your net worth in Excel. Get ready to increase your net worth in 2021 and improve your financial situation! Learn how to build wealth with this video - net worth explained. I am a former McKinsey consultant and I share my personal finance tips with you to help you improve your personal finance management.

Download my Net Worth tracker spreadsheet in Excel here:

Chapters
00:00 Introduction
01:38 What does "net worth" mean?
03:34 Tracking your Assets
09:23 Tracking your Liabilities
11:31 Understanding your Cashflow
17:34 Download link and wrap-up

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[toneking]

Your videos gave me an edge in my interviews when I was transitioning from a sr developer into an architect. Keep it up man!

[FinanceUnboxed]

What gets measured gets improved...haha

Thanks for this Heinrich. Looking forward to another year of high quality content from you. 👏 HNY!

[seankz]

This is great! It is quite ironic how consultants help large enterprises solve their financial problems and/or teach them how to properly plan their operations, but often fail to manage or track their personal finances properly. Thanks again, and have a great 2021.

[Hyperaids]

Brother!! I literally just made a excel chart last night to map out my net worth. Will definitely use this video and make improvements in my own working. Cheers!!

[lolazhang]

Seeing your face and smile on Youtube gives me the strength to work better and live better. I wish your 2021 is filled with blessings. Look forward to subscribe/buy all of your systematically developed courses!

[rajveerkaurwazir]

I always thought that we need a financial planner to assess our net worth and we cannot do it for ourselves. Thank you for simplifying this process Heinrich, now I feel confident about tracking my net worth myself. As always, grateful to have come across your channel, your content is amazing!

[annajones]

I always prefer to keep my networth private. We started buying real estate in London, Barcelona, Switzerland, Hamburg. Starting small and refinancing. Until was around £6 million. Our salaries each were only around £85k so was a good achievement in only 9 years. Mainly from capital growth. We started to document our journey online listing our websites and this created resentment at work. We both worked in investment banking. Resentment from colleagues with high debts and kids.

[margaridavarela]

Thank you for another great video Heinrich!
Such a simple yet highly effective tool for tracking your financials in a clean and structured fashion.

[ListonFrazier]

I like the excel-sheet, will start using it during the next couple of months. Furthermore I especially like the fact that you keep the investment account separate from cashflow: a lot of people focus on dividends to have an additional income, you clearly have a separation between both.

[JO]

We need to manage our personal financial assets as if we manage the company's P&L!

[Gorlenius]

Will use your net worth tool to track my net worth as well, thank you!

[frth]

It's so clean and simple! Thank you very much!

[iLammY]

Thanks - good stuff! I have really enjoyed your videos regarding PPT and Excel models (including your PPT course). Would love to see more videos with such content.

[yuanfang]

Although I am not working in the financial sector, your content is really helpful to give me insights on better management of the private financial situation. Looking forward to another year of high-quality videos. :)!
Thanks for that Heinrich.
Ich wünsche dir einen guten Rutsch ins neue Jahr.

[businessrelated]

This is perfect, simple yet very informative, thanks

[biggerbrettollie]

Thanks Heinrich! Really find your videos helpful, thanks a lot! As far as video requests would love to see a basic excel analysis/spreadsheet video :)

[LE.MIKE.]

Very helpful! I am tracking my income and expenses but was struggling to develop a structured way to do it. So, this comes in handy

[listo]

Made my Friday night. Thank you from Obersendling

[ajb]

What I don’t understand is how you make enough time for your C-suite job and family and firm learning videos and 50 books a year. Make a time management video! :-)

[albertmercubuono]

Thank you for always bringing insightful content, Heinrich!
Happy new year from Indonesia! 🍻