Adding your assets and liabilities

For your net worth to be accurate, Noryo needs to know your <strong>assets</strong> (what you own) and your <strong>liabilities</strong> (what you owe). This page shows you how to enter them, categorise them and keep them up to date, simply.

Before you start

Gather the information you need: the estimated value of your possessions, the outstanding balance of your loans, the amounts of your investments. You do not need to be exhaustive from the start, you will fill things in over time.

Adding an asset

An asset is described by a name, a family (real estate, investments, savings) and a current value. You can also enter an <strong>estimated annual appreciation</strong>, the percentage change you anticipate each year, which is used to project how it evolves.

Adding a liability

A liability represents an amount owed: a mortgage, a consumer loan, an outstanding debt. Enter the amount left to repay. Noryo subtracts it from your assets to calculate your net worth.

Keeping your values up to date

The value of a possession changes over time. Update your amounts now and then, for example when you receive an investment statement or a new property valuation. An up to date wealth picture gives more useful projections.

• When you receive an annual investment statement
• After a significant loan repayment
• When you get a new valuation of your home
• When you buy or sell a possession

Common mistakes to avoid

A few good habits keep your wealth picture accurate: do not count the same possession twice, keep the value of a possession separate from its loan, and stay cautious with estimated appreciation so you do not overstate your trajectory.

Understand the score and your wealth trajectorySee how your assets and liabilities feed your trajectory.