Dear White Coat Investor. Thank you for your book. It motivated me to understand my financial stats and create a comprehensive spreadsheet.
I would like to create a spreadsheet that would track my "big financial picture" on an annual basis. I would like to accommodate the following trackers: net worth/balance sheet, tax efficiency - effective tax rate, savings contributions (additions/withdrawals) and savings rate, account growth rates and graphs for a visualization.
I just started thinking about it. At this point I am investing my time in learning Excel (newbee) and design of the spreadsheet. I would take the advise of my fellow physicians who already have done it.
Interestingly, after plugging in some numbers - such as account values for last 3 years from my investments.... i realized that i am pretty flat in my net growth from the investments... and i don't even know my savings rate... It made me think that my financial picture is pretty complex and futile at the same time... I am looking forward to reduce the number of the accounts to make the tracking more reasonable... it is enlightening...
Best wishes
I would like to create a spreadsheet that would track my "big financial picture" on an annual basis. I would like to accommodate the following trackers: net worth/balance sheet, tax efficiency - effective tax rate, savings contributions (additions/withdrawals) and savings rate, account growth rates and graphs for a visualization.
I just started thinking about it. At this point I am investing my time in learning Excel (newbee) and design of the spreadsheet. I would take the advise of my fellow physicians who already have done it.
Interestingly, after plugging in some numbers - such as account values for last 3 years from my investments.... i realized that i am pretty flat in my net growth from the investments... and i don't even know my savings rate... It made me think that my financial picture is pretty complex and futile at the same time... I am looking forward to reduce the number of the accounts to make the tracking more reasonable... it is enlightening...
Best wishes
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