Personal Net Worth Breakdown
Assets and Liabilities Explained
You have accounts. Checking, savings, retirement, maybe a brokerage. You have debts. Mortgage, car loan, credit cards. You know the pieces exist, but you have never put them all in one place. When someone asks your net worth, you guess. When you want to track progress, you start a spreadsheet, update it once, and forget about it.
The moment you realize you do not know your net worth
Someone asks about your financial situation. A mortgage broker, a financial advisor, yourself.
You start adding up accounts in your head. Checking, maybe $4,000. Savings, around $12,000. 401k, you think $80,000 but you have not checked in months.
Then debts. Mortgage is... $280,000? Car loan, $15,000. Credit card, hopefully zero but actually $2,000.
You give a number. You are guessing. You have no single place that shows the real picture.
How it's structured
Workspace Shape
What you track
Assets, liabilities, account balances, net worth over time
Structure
Parent logs for Assets and Liabilities, child logs for each account
Fields
How you work with it
Add your accounts
- All assets in one view
Add your debts
- All liabilities visible
See your net worth
- Assets minus liabilities
Update periodically
- Track progress over time