Go to Jeff Salisbury LWGate Home Page.From: Diane Howe <diane_howe@worldnet.att.net>
Subject: Re: How is your networth doing?
Date: Mon, 03 Jan 2000 17:36:15 -0700
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> The book "The Millionaire Next" door has a very simple formula to "rate" > your net worth. It is very interesting. The formula is: > > Your Age times your Income divided by 10 I performed this calculation and compared with my actual net worth and found I was only at 55% of the target formulated in the book. One thing that may be affecting this number for me is a loan that my husband and I took out to buy some property in the mountains. The property in the long run should be a very good investment. Also, I didn't calculate car value and other goods values such as furniture and electronic equipment. Not sure if you're supposed to when calculating net worth. In any event, this calculation confirms what I recently verified when I took a finance workshop. I created a budget and realized I could be saving twice as much as I had been. I recently increased my savings and investing numbers. This should help reduce the gap between my actual net worth and the target. - -- - --------------------------------------------------------- Diane Howe http://www.jeeptech.com/diane mailto:diane@jeeptech.com - -
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