Net Worth Calculation

Hi everyone & happy Tuesday!

On the blog today is a quick look into net worth, specifically how you calculate your own.

https://emma-app.com/blog/2020/07/14/calculate-net-worth/

I know a few people here have already mentioned they track their net worth, so would be great to hear your thoughts on the post!

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When I was using PFM app Moneydance, the favourite graph over time was the net worth graph. It kept me in check with updating transactions (pre Open Banking) and gave a sense of validation that hard work does pay off, even if slowly.

I did see someone ask for this as a feature for the app… :wink:

I currently note mine down each month in excel, but I’ve never really thought about adding a graph in!

I guess a graph is a nice way to track any progress (although I’m considering starting again and taking my student loan out of the calculation so it’s a little less depressing haha? :see_no_evil:)

And yeah I think it’s on the to-do list! :crossed_fingers:

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:raised_hand::raised_hand::grin:

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Morning everyone! :star_struck:

What do we think of the new Net Worth section on the app?

Love it! :heart_eyes::heart_eyes::heart_eyes:

But that’s me being totally biased as it’s something I asked for along with other people :grin:

An a side note, its quite cool using an app that the team behind the app actively act on customer feedback!!! 10 out of 10 from me.

You can’t please everyone but I’m pleased!

LOVE THIS :raised_hands::raised_hands:

I do t-shirt design and print in my free time and I think I’d be one of many emma users walking around in one of these if it existed :grin::grin::grin:

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Pleeeease make that and send us a pic :joy:

This is really cool! Is it just a little side hustle you have, or more for fun?

We are also adding a Net Worth graph. :slight_smile:

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Haha will see what I can do as I have a few friends style shirts in the works for my Etsy store :slight_smile:

It started off as I run and play in loads of squash tournaments and wasn’t overly impressed with designs, costs and turnaround times of some print companies so I did my own ones and before I knew it people were asking where I got my T-shirts printed and I started doing some for other, events, clubs and teams…with lockdown stopping squash for a few months, I’ve been playing around with some non-squash designs to go on my Etsy store to raise some cash for some good causes and to sponsor smaller events for up and coming pro players.

Works for me and keeps me busy in my spare time :slight_smile:

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Great news :grin::+1:t2::+1:t2:

Just put it in as a tax at whatever percent above the income threshold - after all, that’s what it is

That’s amazing!!

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