Hey, friends. Alex here.
If you’ve ever felt like your financial life is scattered across different accounts—a bank account here, a 401(k) there—you’ve probably wondered what the best way to track net worth actually is.
I know I did. For years, trying to get a clear picture of my finances felt like a frustrating puzzle with half the pieces missing. How can you plan for the future if you don’t even know where you are today?
That all changed when I found a free tool that became my daily 3-minute habit. Today, I want to share that solution with you.
Why Tracking Your Net Worth is a Game-Changer
Before we dive into the ‘how,’ let’s quickly talk about the ‘why.’ Why is tracking your net worth so important?
It’s simple: it’s the ultimate scorecard of your financial life. It’s a single number that tells you what you own (your assets) minus what you owe (your debts).
As financial experts at Forbes explain in this detailed guide, your net worth is the single most accurate snapshot of your financial health. It cuts through the noise and tells you the real story.
Knowing this number helps you answer critical questions: Is my wealth growing? Am I saving enough? Am I ready to start investing seriously? This is why finding the best way to track net worth isn’t a ‘nice-to-have’; it’s a necessity for anyone serious about building a secure future.
The Free Tool I Use: Empower Personal Dashboard
The tool I use every single day is the Empower Personal Dashboard (it used to be called Personal Capital, so you might have heard of it under that name).
Think of it as a secure “control center” for your entire financial world. You link all of your accounts—bank accounts, credit cards, investments, 401(k)s, even your mortgage—and it pulls all that data into one simple, clean dashboard.
With one glance, you can see:
- Your total net worth, updated daily.
- Your cash flow—where your money is coming from and where it’s going.
- Your entire investment portfolio, broken down by asset class.
- And my personal favorite, a tool that sniffs out hidden fees in your retirement accounts.
My 3 Favorite Things About This Tool
There are many reasons I recommend this, but it really comes down to three game-changing benefits.
1. It Provides Priceless Clarity
This is the biggest win. No more logging into five different websites. I open the app for three minutes while my coffee brews, and I see everything. I know my net worth, I see how my investments performed, and I feel in complete control.
2. The Fee Analyzer Can Save You Thousands
This feature alone makes it worth using. When I first linked my old 401(k), the “Retirement Fee Analyzer” showed me I was paying nearly 1.8% in annual fees! This crucial insight inspired me to build a better retirement investment strategy with lower-cost options.
3. It’s Genuinely Free (and Safe)
Now, I know what you’re thinking: “Alex, is it safe to link all my accounts to one app?” I was reassured. Empower uses bank-level security and robust encryption. You can read all about it directly on their official Cybersecurity page. The dashboard tool is free, and I’ve never once felt pressured to upgrade.
Where to Get This Free Tool
If this sounds like the clarity you’ve been looking for, you can try it out for yourself. It’s completely free to sign up and use their powerful dashboard. This is the first step towards taking control.
Try the Empower Personal Dashboard for Free
How This Fits Into Your EasyWealthMap Journey
Discovering the best way to track net worth is like getting your GPS working before a long road trip. It’s a foundational step.
Once you have this bird’s-eye view, you might notice that a large portion of your money is sitting in a low-interest savings account. That’s when you can explore how to invest with just $100.
This tool gives you the map. Our guides give you the directions for the next leg of the journey.
Conclusion: Your 3-Minute Path to Clarity
Finding the best way to track net worth doesn’t have to be complicated or expensive. For me, it has become a simple, 3-minute daily habit that provides immense value.
It replaces financial anxiety with financial clarity. And from that clarity, you can make smarter, more confident decisions about your future.
If you’re ready to finally get a clear picture of your own finances, I can’t recommend this tool enough. And once you have that clear picture, I’ve put my core principles into a simple roadmap for you.
Grab my free [7-Minute Retirement Quickstart PDF]. It’s the simple map you need to start building a future that’s secure, no matter what your starting point is.
