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Re: Keeping track of/projecting your net worth

Active Member
Maggie E Member Since: Dec 5, 2019
1 of 5

Hey all, new freelancer here. Have found it pretty challenging to keep good track of my net worth and wondering how others feel about it/how they keep track of it. So with that:

 

How important is it to you to know what your net worth is at any point in time?

 

How do you currently keep track of this number?

 

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Community Guru
Petra R Member Since: Aug 3, 2011
2 of 5

Maggie E wrote:

How important is it to you to know what your net worth is at any point in time?


It isn't

 


Maggie E wrote:

How do you currently keep track of this number?


I don't.

 

How does this relate to freelancing in general or Upwork in particular?

Community Guru
Preston H Member Since: Nov 24, 2014
3 of 5

 Maggie: I think you may be using the term "net worth" in an non-traditional way.

 

"Net worth" is not an Upwork concept.

 

Can you tell us what you mean when you use this term?

Active Member
Maggie E Member Since: Dec 5, 2019
4 of 5

 Yup, net worth as in how much money do i truly have - i.e. cash i have in the bank, plus money i am owed for invoiced/completed work, minus what i will have to pay in taxes. 

Community Guru
Preston H Member Since: Nov 24, 2014
5 of 5

Maggie:

I was wrong... You are using the phrase "net worth" in the way we all use it.

 

So all I can say is that this is not something that Upwork tracks.

 

I think you may be thinking of Upwork as something that is more "all-encompassing" than it really is.

 

For that type of need, you could look into accounting software such as QuickBooks.

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