Welcome to tracking your financial progress! Now that you can calculate net worth, let's create a system to monitor it regularly.
Tracking net worth over time reveals whether you're moving forward or backward financially - your personal financial GPS.
Engagement Message
How often do you think you should update your net worth?
Track your net worth monthly, not daily. Daily fluctuations in investment values or account balances create unnecessary stress and don't show meaningful trends.
Monthly tracking lets you see real progress while staying motivated.
Engagement Message
What day of the month would work best for your net worth check-in?
Create a simple spreadsheet with columns for: Date, Total Assets, Total Liabilities, and Net Worth. Add a row each month with your current numbers.
This creates a clear visual record of your financial journey over time.
Engagement Message
Will you track your numbers with a phone app or a computer spreadsheet?
Your net worth will fluctuate month to month - that's completely normal! Investment values change, you pay down debt, or add to savings.
Focus on the overall trend over 6-12 months rather than single month changes.
Engagement Message
What would cause your net worth to jump up significantly in one month?
A growing net worth means you're building wealth successfully. Even $100 monthly growth equals $1,200 yearly - that's real progress!
If your net worth stays flat, you're maintaining stability. If declining, it's time to adjust spending or debt payments.
Engagement Message
Which motivates you more: steady $200 monthly growth or irregular jumps?
