On: clicking a field or a chart, even in the output, opens its explanation. Turn it off to stop seeing it.

Chapter 0 · Where you are today

Lifetime Balance Sheet

Your true economic net worth — financial capital plus human capital, minus the present value of everything you'll spend. The number most net-worth trackers don't show.

What you have

Assets you hold today

Liquid assets € accounts, cash Investments € portfolio, stakes, real estate Personal property € home, cars, contents Pensions (PV) € Expected inheritance (PV) €

Your human capital

Present value of future labour income

Annual income € Wage growth % Risk-free rate % Safe return (e.g. government bonds). The base rate used to value future income today. Occupational volatility % Extra discount because future income is uncertain. Adds to the risk-free rate (together = your income discount rate). Years to retirement yrs

What you owe & will spend

Liabilities and lifetime consumption

Debts € mortgage, loans, credit cards Annual spending € Spending inflation % Years of spending yrs Spending discount rate % Turns your future spending into today's value. Leave blank to auto-match your income rate (risk-free + income risk). Planned bequest €

Risk buckets

Personal · Market · Aspirational (Chhabra)

Personal — protect € Market — maintain € Aspirational — grow €