Author Topic: One BETTER Sheet to Rule Them All (Updated with Graphs)  (Read 7003 times)

Picograms

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One BETTER Sheet to Rule Them All (Updated with Graphs)
« on: February 20, 2019, 11:35:43 AM »
Hey everyone,

I was looking for a detailed comprehensive FIRE tracker, but did not have any luck finding one.
Having a background in accounting and finance, I decided to build one myself.
Follow the link below and make a copy for yourself.

https://docs.google.com/spreadsheets/d/1goq2epd-bYTywv-xcuSwnVuV75sJmLvkrmX5iuJEOaE/edit?usp=sharing

I will answer any questions I get on how to use this.
If anyone finds any errors in formula, spelling, or anything else please let me know.
If you have edits to make any pages better let me know.

My numbers in the tracker are close but different to the tracker.

I hope this is a helpful tool for this community.
« Last Edit: February 28, 2019, 01:44:06 PM by Picograms »

redwood_canyon

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Re: One BETTER Sheet to Rule Them All
« Reply #1 on: February 21, 2019, 09:31:46 PM »
wow!

This looks great! I like the planned foresight in setting a retirement years. I love the detail and know it will take me around an hour or two to set everything up, but then ill be set for life. Since I am a 19 year old college student I am very grateful to you for sharing this resource of yours. I was just the other day trying to figure out how to make a basic budget and net worth sheet, because I couldn't find any free one that I liked. Needless to say I love yours!! Many thanks!!

Picograms

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Re: One BETTER Sheet to Rule Them All
« Reply #2 on: February 22, 2019, 06:12:59 PM »
Glad you like it!
Let me know if you have any questions as you fill it out.

Also, good for you for focusing on this at 19. I didn’t know about the FIRE movement until recently, but was heading toward that direction on my own.

bbates728

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Re: One BETTER Sheet to Rule Them All
« Reply #3 on: February 25, 2019, 03:51:45 PM »
It makes me sad seeing that your numbers in the "Career History and Goals" tab mirror my own as an Audit Staff and Cost Analyst in 2017 and 2018. There doesn't seem to be much wage growth through the years...

bbates728

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Re: One BETTER Sheet to Rule Them All
« Reply #4 on: February 25, 2019, 04:09:33 PM »
Also, HOT DAMN this is one extensive tracker. Part of me wants to use this just because I am hopeful for some friggin awesome accounting analysis. Part of me hates the other part of me for the level of granularity this will add to my routines.

nahhhhhh I am still going to do it.

Pico, I see that your graphs table isn't populated. Do you have graphs that you like to use in your personal copy of the sheets?

Picograms

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Re: One BETTER Sheet to Rule Them All
« Reply #5 on: February 27, 2019, 05:36:31 PM »
Also, HOT DAMN this is one extensive tracker. Part of me wants to use this just because I am hopeful for some friggin awesome accounting analysis. Part of me hates the other part of me for the level of granularity this will add to my routines.

nahhhhhh I am still going to do it.

Pico, I see that your graphs table isn't populated. Do you have graphs that you like to use in your personal copy of the sheets?

It looks more intimidating to fill out than it is.  Also, graphs are coming soon.

Picograms

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Re: One BETTER Sheet to Rule Them All (Updated with Graphs)
« Reply #6 on: February 28, 2019, 01:46:40 PM »
Hey everyone,

I updated the sheet with a dashboard and better instructions.

I will be adding fees to the investment page coming up.
Let me know if you have any requests or questions.

imperfect

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Re: One BETTER Sheet to Rule Them All (Updated with Graphs)
« Reply #7 on: March 08, 2019, 08:02:41 PM »
What is "cash balance" on net worth details page?  What am I including there?  Literally cash?  Or anything reasonably liquid to cash?  Do retirement accounts count?
« Last Edit: March 08, 2019, 08:04:56 PM by drmoneybeard »

Picograms

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Re: One BETTER Sheet to Rule Them All (Updated with Graphs)
« Reply #8 on: March 10, 2019, 03:49:53 PM »
What is "cash balance" on net worth details page?  What am I including there?  Literally cash?  Or anything reasonably liquid to cash?  Do retirement accounts count?

Literal cash balance in your bank accounts on the net worth details page.
Retirement accounts would go on the investment tabs.

All other assets are considered non-liquid. My reasoning is that investments can usually be converted to cash within a week, even with a penalty.
Tangible property would typically take more time.

2Birds1Stone

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Re: One BETTER Sheet to Rule Them All (Updated with Graphs)
« Reply #9 on: March 10, 2019, 08:00:43 PM »
I don't like your sheet, it's saying I have 20 years, 9 months, and 22 days until I can retire.....






















































































































































































































































.......JK, thank you for your contribution! Hopefully those are not your actual numbers either.

Picograms

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Re: One BETTER Sheet to Rule Them All (Updated with Graphs)
« Reply #10 on: March 11, 2019, 07:15:19 PM »
I don't like your sheet, it's saying I have 20 years, 9 months, and 22 days until I can retire.....


.......JK, thank you for your contribution! Hopefully those are not your actual numbers either.

Not my actual numbers. I tried to put in a variety of situations as examples.

imperfect

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Re: One BETTER Sheet to Rule Them All (Updated with Graphs)
« Reply #11 on: March 11, 2019, 10:17:31 PM »

I will answer any questions I get on how to use this.
If anyone finds any errors in formula, spelling, or anything else please let me know.
If you have edits to make any pages better let me know.


This is really cool, thanks for sharing.

What happened in BG28 on the "other income and assets" tab?

Typo: "mortgate" -> "mortgage" in a few places.

For my lazy tastes, on the "investments" tab, going in and updating the individual share counts and cost bases as contributions are made into investments seems like too much work.  I'd rather just update the balances.



Picograms

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Re: One BETTER Sheet to Rule Them All (Updated with Graphs)
« Reply #12 on: March 12, 2019, 01:43:32 PM »


This is really cool, thanks for sharing.

What happened in BG28 on the "other income and assets" tab?

Typo: "mortgate" -> "mortgage" in a few places.

For my lazy tastes, on the "investments" tab, going in and updating the individual share counts and cost bases as contributions are made into investments seems like too much work.  I'd rather just update the balances.
[/quote]

BG28 on "other income & assets" is linked to equal BG12 on the "expenses & debt" tab. It is basically saying when the mortgage is first paid, that is when the equity portion begins to grow by the amount paid.

BG 29 on "other income and assets" equal to BG28 (the cell next to it) plus BH 12 on "expenses & debt". So it would be the previous equity balance plus the latest equity portion of the mortgage payment. This formula can then be dragged to the right 15 years, 30 years, or however long you have left to pay.

You also could just zero out these cells and update your house equity balance once a month, quarterly, annually, whatever works best for you.

As for investments, you could just update quarterly or annually. I only put my longer term investments in this sheet. I have a Robinhood account where I day-trade and it is not included in my personal FIRE sheet.

Thanks for the spelling error. I was sure there was some in there.

Simeon1980

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Re: One BETTER Sheet to Rule Them All (Updated with Graphs)
« Reply #13 on: September 15, 2019, 09:15:10 AM »
Wow, What a nice piece of sheet magig you have created here!
I have been using it for a couple of months, but now I wanted to register cause I have a question:

In the "Net Worth - Details" sheet, why does the "Cash balance before Investment Income" gets added to the total Income?
Mine is negative, so it is messing with my income numbers.

I had another question but I figured it out myself :-)

Thanks!

EDIT: One question about line 45 in sheet Net worth - Detail: Isnt the cell "B30" already included in B43 and thus it is added twice?
« Last Edit: September 15, 2019, 01:00:58 PM by Simeon1980 »

 

Wow, a phone plan for fifteen bucks!