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Harry Sit
A Simple Annual Financial Review Template
The start of a new year is a good time to recap the previous year and plan for the current and future years. My wife and I just did the annual financial review for our household. I’m sharing the template we use and where we get the data.
Net Worth
The total net worth represents all financial resources available at a point in time. We break it down into two categories: liquid investments (“paper asse
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My Financial Toolbox: The Nuts and Bolts of Managing Your Money
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Explore TIPS: A Practical Guide to Investing in Treasury Inflation-Protected Securities
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* Note: these are all the books on Goodreads for this author. To add more, click here.
“1% or 2% sounds small until you multiply it by the size of your investments. 1% on $500,000 is $5,000 per year, every year. 1% on $1 million is $10,000 per year, every year. As your investments grow with the market, the fees automatically grow. Especially for retirees with large accumulated assets, paying a percentage of investments is very expensive.”
― My Financial Toolbox: The Nuts and Bolts of Managing Your Money
― My Financial Toolbox: The Nuts and Bolts of Managing Your Money
“Although both 0.1% and 1% look like small numbers, paying 1% versus 0.1% makes a big difference over one’s lifetime. If you invest $10,000 a year for 40 years, and you pay 1% a year versus 0.1% a year, all else being equal, you’ll have 20% less at the end of 40 years.”
― My Financial Toolbox: The Nuts and Bolts of Managing Your Money
― My Financial Toolbox: The Nuts and Bolts of Managing Your Money
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