The True Meaning Of Wealth

How much are you worth? Read on to find out.

by Derek T. Dingle    Posted: April 1, 2000

to be honest: don’t state that you’re an aggressive investor

if you get butterflies in your stomach as soon as you click on CNBC. One of the best guides is age, because the shorter the time horizon, the less time
you have to ride out swings in the market.

The application of the aforementioned procedures starts with having a clear understanding of wealth and knowing that it doesn’t come merely with a promotion or a new contract. It comes from studying your financial position, making the proper adjustments for maximum returns and aggressively monitoring them. Building lasting wealth is also knowing another important fact of life: school is never out.

ASSET ORGANIZER
How to Categorize Your Assets
By using the following worksheets, you can keep track of your assets in various classes.
This will help you determine everything that you own when you calculate your net worth.

Part I-Assets
CASH

Assets
SECURITIES

Assets
REAL ESTATE
Name of Institution     Company     Property Type 4    
Type of Account 1     Type of Account 3     Property Location    
Account #     Account #     Purchase Date    
Interest Rate     # of Shares/Face Amount     Cost    
Amount Invested     Purchase Date     Improvements 5    
Maturity Date     Maturity Date     Current Mkt. Value    
Current Balance     Total Cost     Owner    
Owner     Interest Rate     Location 2    
Purpose     Current Mkt. Value          
Location 2     Annual Income          
      Reinvested Distributions          
      Owner          
      Purpose          
      Location2          

Assets
OTHER6

Assets
LIFE INSURANCE

Assets
BUSINESS INTERESTS

Assets
MONEY OWED TO YOU
Item #1     Company     Company     Individual/Company    
Purchase Date     Type of Policy7     Type of Business     Original Loan Amount    
Cost     Policy #     Annual Income     Balance Due    
Current Mkt. Value     Face Amount     Type of Ownership     Interest Rate    
Owner     Purchase Date  
;		   Owner     Annual Income    
Location 2     Owner     Value of Your Interest     # of Years Remaining    
Item # 2     Insured     Location 2     Owner    
Purchase Date     Beneficiary           Location 2    
Cost     Loan Amount                
Current Mkt. Value     Cash                
Owner     Value                
Location 2     Location 2                

Part II – Liabilities
MORTGAGES

Liabilities
OTHER DEBTS

Liabilities
CREDIT CARDS
Mortgage Holder     Lender     Lender    
Mortgage Type 1     Type of Loan4     Account #    
Account #     Account #     Interest Rate    
Mortgage Balance     Interest Rate     Current Balance    
Interest Rate     Original Loan Amount     Minimum Mo. Payment    
Monthly Payment     Balance Due     Amount Paid Monthly    
Type of Loan 2     Monthly Payment     Annual Fees    
# of Years Remaining     #

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