Financial Health Score (Part 3)

Jan 28, 2022 11:00:59 AM / by InvestorKeep




Personal Assets

(Approximately Age 20’s-30’s 55%-90%, Age 40’s-50’s 25%-60%, Age 60’s-70’s 15%-30% of your assets)

Personal assets are designed to maintain your current lifestyle. The value of these assets impacts your total net worth but they are designed for living today, not accomplishing future financial goals.

  • Personal residence
  • Automobiles
  • Furniture
  • Clothing
  • Boats
  • Jet skis
  • Vacation homes
  • Electronics
  • Collectibles

Why does it matter?

It takes money and assets to live your life. These items need to be accounted for in your holistic financial plan. For example, your car won’t last forever and it’s important to plan for the next automobile purchase. Tracking these assets will allow you to plan accordingly without hurting your long-term financial goals.






Written by InvestorKeep

Keep more, earn more, live more.