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Gabby’s Balance Sheet

Learn the Language

 

Figure Your Net Worth

Using Gabby’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 Gabby 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.


Gabby’s Balance Sheet

Wealth-building assets

Amount

Cash

$
150

Other assets

Market value of car

$
14,000

Jewelry

$
1,000

Total assets

$
15,150

Liabilities

Amount

Car loan balance

$
7,200

Credit card balance

$
5,600

Total Liabilities

$
12,800

Net worth

$
2,350

From Chapter 1: Learn the Language

Gabby discovered she had $15,150 in assets and $12,800 in liabilities, with a net worth of $2,350.

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


Back to Chapter 1