Being the #InternationalWomensDayMonth, we thought it would be a great idea to help you find your Holistic Net worth.
We believe Holistic Net worth is not only about how much financially you own in your name but also it is about where you are in terms of satisfaction levels in various aspects of your life.
Please do this exercise religiously and at the end of it, you will know ‘where you are’ in all aspects of life.
There are 2 parts to find the Holistic Net Worth
Find Your Financial Net Worth
To find your Financial Net Worth, you need to answer the following questions which are below:
Do you know how much money is in your savings account/s?
Do you know how much Fixed Deposits are invested in your name?
How much PF/PPF is saved in your account?
Do you know how much money is invested in your name in Mutual Funds & Stocks?
Is the House in your name or joint name with your spouse?
Is the Car in your name?
Any other Assets that are in your name?
In a nutshell, your net worth is really everything you own of significance (your assets) minus what you owe in debts (your liabilities).
Assets include cash and investments, your home and other real estate, cars or anything else of value you own. Liabilities are what you owe on those assets including car loans, your mortgage, and student loan debt.
Find your Holistic Net Worth
In the previous section, we helped you to find out your Financial Net Worth, now it’s time to find your Holistic Net Worth.
We will be doing a “Wheel of Life” with you, which enables you to understand priorities, act on them and is the key to a holistic life.
Wheel of Life will help you to understand where you are in various aspects of life.
And yes, you can keep this with yourself & actively participate in this exercise to see the results.
To roll it all in simple words, the Wheel of Life is an amazing tool which enables you to understand priorities, act on them and is the key to a holistic life.
So you need to Rate the following things:
Rate your Relationship with Family
Rate your Relationship with Community
Rate your Relationship with Money
Rate your Relationship with Me-Time
Rate your Relationship with Health
Rate your Relationship with Work
Rate your Relationship with Learning
Rate your Relationship with Inner Growth
Remember, the Rating Scale is as follows:
1 – Being Low
10 – Being the Highest
Write down your ranking on all the components in a piece of paper
Building your holistic net worth is great!
We hope the Holistic Networth Series was of great help to you guys.