Dec 5, 2019 12:08:04 AM by Maggie E
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?
Dec 5, 2019 12:21:28 AM by Petra R
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?
Dec 5, 2019 06:00:19 AM by Preston H
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?
Dec 5, 2019 11:58:03 AM by Maggie E
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.
Dec 5, 2019 12:03:16 PM by Preston H
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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