The relationship between the Rich and ermm..EXCEL Spreadsheets

Frankly I have not really thought about the relationship between the wealthy and EXCEL until I came across this Chinese personal finance book called "The 28 Financial Habits of the Rich"

It is about the analysis of a survey on personal finance with 681 young and wealthy Koreans (<40> USD 1 Million).

There's this summary of characteristics possess by this group of young and rich - and one of which is their abilities to use EXCEL proficiently. Because they need to keep track of their incomings and outgoings, in their different aspects of their financial decisions. In the process of wealth accumulation, these people deal with numbers almost very frequently and thus are extremely sensitive to numbers.

Come to think of it, I do use EXCEL alot, other than for work - and it seems to be useful in my path of accumulating wealth. The following sheets are my suggestions to what might be useful to keep track of your wealth:

1. Balance Sheet - to work out your Net worth
2. Passive Income Tracker
3. Shares Wins and Loss Records (If you are investing into the market)
4. Property Analysis (more applicable to analysing the Return of Investment ROI if you are buying a buy-to-let property.

Obviously the above list is not exhaustive and you are welcome to add on to your own list.