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Sonya’s Balance Sheet

Learn the Language

 

Figure Your Net Worth

Using Sonya’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 Sonya 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.


Sonya’s Balance Sheet

Wealth-building assets

Amount

Cash

$
5,500

Savings account

$
12,000

Stocks, bonds and other investments

$
12,000

401(k) retirement plan/IRA

$
59,000

Market value of home

$
118,000

Other assets

Market value of car

$
11,000

Total assets

$
217,500

Liabilities

Amount

Home mortgage

$
114,000

Car loan balance

$
8,000

Total Liabilities

$
122,000

Net worth

$
95,500

From Chapter 1: Learn the Language

Sonya discovered she had $217,500 in assets and $122,000 in liabilities, with a net worth of $95,500.

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