GreenLeaf Financial Step-One

where you start the learning of finanical life ...

Home
Financial Learning Topics
Ch1 Basic Financial Conce
Ch2 Manage Cash Flow
Ch3 Your Job and Career
Ch4 Stock Investment
Ch5 Credit Score
Ch6 Credit Card
Ch7 Your House & Mortgage
Ch8 Your Bank
Ch9 Tracking & Planning
Ch10 What's Next
Continue Learning Updates
Donation
Contact Us

Section 9.1 Overview of What to Track

It is extremely important to track the performance of your financial life. Knowing how to grow your financial asset is not as important as knowing which experts to turn to to grow the financial asset for you. It all starts and ends with the measure of success (or failure).

There are the things you need to keep track of

  • all your financial accounts and credit report, to make sure nobody is stealing your identity;
  • growth rate of your stcok investment, on quarterly and annual basis
  • growth rate of your retirement account, on quarterly and annual basis
  • return on your real estate investment
  • your cash and other asset


What we would like to see is at least 15 - 20% annual growth rate of the value of your total profolio for the initial 5-10 years when you just started working, and then 7-10% after that.


The best tool to track those is simply Excel. You should make one sheet for each of the Section of this Chapter. I debated a lot about whether to put an example Excel sheet here, and finally decided not to do it. I would like you to build it by yourself, which is the best way to learn how to track it.



Ads