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Anthony’s Balance Sheet

Learn the Language

 

Figure Your Net Worth

Using Anthony’s balance sheet below (or another) as an example, complete your own online, or download a spreadsheet or PDF of the blank balance sheet. Be sure to add any assets or liabilities you have that Anthony didn’t list.

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Complete your own online


See how the other people of Building Wealth figured their net worth using balance sheets.

Anthony’s Balance Sheet

Wealth-building assets

Amount

Cash

$
1,500

Savings account

$
1,000

Stocks, bonds and other investments

$
5,000

401(k) retirement plan/IRA

$
25,000

Market value of home

$
0

Other assets

Market value of car

$
14,000

Total assets

$
46,500

Liabilities

Amount

Home mortgage

$
0

Home equity loan

$
0

Car loan balance(s)

$
13,000

Credit card balance(s)

$
3,000

Student loan(s)

$
5,000

Miscellaneous liabilities

$
1,500

Total Liabilities

$
22,500

Net worth

$
24,000

From Chapter 1: Learn the Language

Anthony discovered he had $46,500 in assets and $22,500 in liabilities, with a net worth of $24,000.

After making these calculations, he realized he would be unable to meet his financial goals and chose to embark on a personal wealth-creation strategy.


Back to Chapter 1