The Personalized Net Worth Calculator (Advanced)

(5 customer reviews)

$19.97

“Maximize your financial planning with our ‘Personalized Net Worth Calculator’. This intuitive Excel template allows you to calculate your net worth and estimate how long you could maintain your lifestyle without income. Easy to use, our tool helps you set currencies in CAD or USD and adjust exchange rates as needed. Ideal for anyone considering quitting their job to start a business, it shows the exact date when you would need income again. Calculate today and take control of your financial future!”

Description

DESCRIPCION 

The ‘Personalized Net Worth Calculator’ is an advanced tool designed in an Excel template that allows you to calculate your net worth in a customized and precise manner. Intuitive and easy to use, this template is ideal for individuals seeking a clear understanding of their current and future financial standing. Whether you are contemplating significant life changes, such as starting your own business, or simply want to manage your finances better, this tool provides a detailed and up-to-date snapshot of your economic situation.

BENEFITS

  • Custom Currency Configuration: Adjusts to CAD or USD, allowing full customization based on your financial needs.
    How It Works: Set your preferred currency as the default so all calculations reflect values in your chosen currency.
  • Currency Conversion for Individual Accounts:Manages accounts in different currencies and provides a unified summary, essential for those with international assets. How It Works: The template automatically converts account balances in different currencies to the default currency, using updatable exchange rates.
  • Exchange Rate Updates: Ensures your calculations are always accurate with updated exchange rates.
    How It Works: Manually update exchange rates as market fluctuations occur to keep your financial data current.
  • Net Worth Goal Setting: Sets clear targets and visualizes progress towards your financial goals.
    How It Works: Enter your desired net worth goal and the tool shows what is needed to achieve it.
  • Net Worth Visualization Before and After Properties: Provides a clear view of your liquidity, showing how much of your net worth can be quickly converted to cash.
    How It Works: Calculates and compares your net worth with and without properties, helping you understand your financial flexibility better.
  • Financial Autonomy Calculation: Assesses how long you could maintain your current lifestyle without income.
    How It Works: Calculates the duration your current assets will last based on your monthly expenses and net worth.
  • Graphical Visualization of Net Worth Change: Allows for visual tracking of changes in your net worth over time, facilitating financial planning.
    How It Works: The tool graphs changes in your net worth across different periods, providing a clear visual reference of your progress or adjustment needs.
  • Historical Data Saving Function: Enables comparison of your current financial situation with previous periods, ideal for reviewing and adjusting strategies.
    How It Works: Saves financial data in separate tabs within the template for easy access to historical reviews.

KEY FEATURES

  • Ability to set default currency in either CAD or USD 
  • Ability to set different currency per each individual account (for example, many people have banks accounts in both USD and CAD – the total balances will then automatically be converted to the default currency for reporting purposes 
  • Allows you to update the currency exchange rate if/when needed
  • Ability to set a net worth goal and see how much remains to reach your desired net worth
  • Shows you your net worth before and after accounting for properties – this is useful to see how liquid you are – typically, with properties it takes some time to convert to cash
  • Shows you how many months you could maintain your current life style if you stopped earning
  • Show you the exact date on which you would run out of money
  • Allows you to see your net worth change over time graphically
  • Allows you to save a copy of your data in a separate tab so you can go back a review your net worth from prior periods if necessary 

 

5 reviews for The Personalized Net Worth Calculator (Advanced)

  1. Sofia M

    I love how this template allows me to visualize my net worth in a clear and simple way. It is also very easy to customize, which is perfect for someone like me who is not very proficient in Excel, plus it is worth paying for the Advanced to have free access to all its functions

  2. Annie

    The template is very easy to use and has really helped me get my finances in order, but if you are an advanced user like me it is worth purchasing the advanced to modify and enhance the template to your liking and interests

  3. David Shields

    I received the item and it complies with the described characteristics and I liked this item, its colors and design fascinated me!!

  4. Shawna R

    Very satisfied with this purchase. It has helped me to better organize my finances and to understand my real economic situation

  5. Raja Danish

    Good product, but could be improved with more customization options. However, it is a great help for asset and liability management

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