SFPNN Link of the Week – Recommended by Aunt Bette
Sir Froggie’s Positive News Network is proud to present
The Link of the
Week for
FAMILY BALANCE SHEET-NET WORTH
http://militaryfinance.umuc.edu/calculators/balance_sheet.html
Good words are worth much, and cost little. ---George Herbert
A single penny fairly got, is worth a thousand that are not.---Proverb
Free
advice is worth the price. ---Robert Half
It
is not worth an intelligent man's time to be in the majority. By definition,
there are already enough people to do that.
---G. H. Hardy
Worth = usefulness or importance; or having a value of; these are two of the many nuances of the meaning of worth.
Today’s link is to a very practical use of the idea of worth. We hear and read that not only the rich or wealthy should know what their net worth is, we should all know where we really stand, or sit, with our overall finances.
“But,” you might say, “I need a CPA or at least an accountant to figure that out and that expense doesn’t fit into my budget anyway.”
Well the University of Maryland University College makes it easy to do yourself. Today’s link is a worksheet, you just plug in the figures from your monthly or annual statements and click on the “Compute Net Worth” button and it will do all the work.
I have heard some people say they don’t want to know because they know it is not good, but when they actually put the figures into the worksheet they were surprised they were not as bad off as they thought. And three friends found that when they were able to talk to their bank and other creditors with these figures all printed out and showing their exact financial position, the creditors were so impressed that they had done the work to show that they now knew where they stood, the creditors worked with them on dealing with the debts they owed.
It feels really good to know exactly where you are rather than just guesstimating. I’ve also heard that you have to know where you are to get to somewhere else, and many of us would like to get to rich or wealthy, so we can do more good things for ourselves and others.
It’s not hard, have fun with it.
The UMUC
website also has lots of other information to explore. http://militaryfinance.umuc.edu/
“Let There be Peace on Earth and Let It Begin with Me…”
Aunt Bette
E-mail Aunt Bette at: bltmailbox42-auntbette@yahoo.com
For more Positive Links of the Week, visit: http://www.sfpnn.com/aunt_bette.htm
ATTENTION
Know a website that deserves SFPNN’s Link of the Week Award? Submit the link and a brief description to bltmailbox42-auntbette@yahoo.com. Thanks!