Diversifying your investments and maintaining multiple sources of income is essential to building your personal wealth. Knowing how to create, preserve and increase it over time offers you many advantages on a personal and financial level. It helps to cover new expenses, allows you to save and make new investments, among other possibilities.

A strong estate gives you peace of mind that you have the support you need for you and your family in the present. At the same time, it secures the future of its people. Learn more about this topic to know your status and take advantage of new investment alternatives.

How is personal wealth calculated?

Usually, the calculation is obtained through appraisals carried out by experts. This involves determining the tax value of each of your assets; for example, cars, real estate, and land. Cash available, bank accounts, and cash receivable should also be taken into account.

From the total assets, the total of debts or obligations, such as mortgages, loans or promissory notes, must be subtracted. The result you get represents your net worth.

Difference Between Wealth and Income

To correctly calculate personal wealth, it is important to consider its difference from income. These are the benefits that are obtained from an economic activity. Instead, wealth is the wealth that a person has managed to accumulate and consolidate over time.

Patrimony is made up of the assets that can be sold and transformed into liquid money, in addition to the money that can be owned.

Despite their differences, the concepts of wealth and income are related. The income that is used for investment will become part of the estate.

Strategies for Controlling Personal Wealth

Personal Wealth

Do you want to have greater control over your assets, manage them efficiently and follow their evolution over time? Consider these strategies:

Review financial statements of your assets

It is essential to regularly review your financial statements. To do this, you need to analyze the financial status of each of your assets. This will allow you to know their performance, know if they are generating losses, better control cash flow, and consider reinvesting dividends.

Financial statements are especially important in the case of real estate. Imagine, for example, that you purchase a property on a turnkey basis to rent it out immediately. It will be necessary to monitor these aspects in order to know their profitability:

  • The evolution of the mortgage payment.
  • The variation in the price of rent.
  • The latency time in the occupation of the property.

Anticipating economic changes

Pay attention to the local and international economic scenario, as it will certainly affect your personal wealth. It is important to keep an eye out for tax changes or new tax regulations for the ownership of certain assets.

On the other hand, it may be the case that there are new investment opportunities abroad. This is the case, for example, with the real estate sector in South Florida. Currently, the region offers great facilities to foreigners who wish to acquire properties as a second home or vacation rental.

Also consider asset-specific market fluctuations. This will allow you to detect the ideal time to buy or sell certain goods. However, remember that you can count on the advice of a mortgage broker, stockbroker or other professional according to the nature of your investments.

Make new investments

In your investment portfolio, include assets of different natures: stocks, negotiable bonds, bonds, treasury bills, and real estate. In this way, you will achieve a good balance between risk and return. Thanks to a diversified portfolio, you’ll have less chance of losing money while maximizing your profits.

Don’t forget the new options offered by many fintechs to manage your personal wealth and place capital. Today there are numerous sources of investment based on the digital world. These include cryptocurrencies, ETFs, mutual funds, money market funds, and stablecoins. Familiarizing yourself with some of these options will help you create a diversified investment portfolio.

A surefire way to increase your earnings and strengthen your personal wealth is to invest in real estate. Currently, Florida is the place that offers great advantages to achieve this.

At PFS Realty, we offer you the support you need to manage your next investment in homes for sale in Miami, with excellent returns. Its management will be delegated to a team of professionals. Get in touch and receive advice tailored to your needs.


Let’s share a bank. (2020). Do you know what your personal assets are? Learn how to calculate it. Let’s share a bank. Retrieved from https://www.compartamos.com.mx/compartamos/blog/mujeres-emprendedoras/conoces-cual-es-tu-patrimonio-personal

Bank of Mexico. (n.d.). Did you know that your patrimony is everything that belongs to you and is susceptible to being sold? Banxico Educa.