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Bess’s Balance Sheet

Learn the Language

 

Figure Your Net Worth

Using Bess’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 Bess didn’t list.

web xls pdf

Complete your own online


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


Bess’s Balance Sheet

Wealth-building assets

Amount

Cash

$
400

Savings

$
1,000

Market value of home

$
100,000

Other assets

Market value of car

$
9,800

Total assets

$
111,200

Liabilities

Amount

Car loan(s)

$
4,152

Loan from kids

$
9,150

Total Liabilities

$
13,302

Net worth

$
97,898

From Chapter 1: Learn the Language

Bess discovered she had $111,200 in assets and $13,302 in liabilities, with a net worth of $97,898.

After making these calculations, she realized she could meet her financial goals, as long as she continues her current personal wealth-creation strategies.


Back to Chapter 1