Heres a tip for all prospective young property buyers/investors. - TopicsExpress



          

Heres a tip for all prospective young property buyers/investors. Start keeping a monthly tracker of your assets and liabilities and a Net Worth total. I started doing this 7 years ago after we bought our first investment property here. We already owned a home. It should cover your cash, investments (e.g. term deposits, stocks, bonds, properties), your retirement accounts, other significant assets value (E.g. car), your liabilities (mortages, credit card balances, leases) and total it to a Net Worth figure each month. You might also want to add a column for income and expenses. Then redo your summary each month - and track your progress toward your goals, whatever they may be (to buy your first home, retire at 50 etc...).
Posted on: Sun, 04 Jan 2015 02:42:49 +0000

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