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Vince’s Balance Sheet

Learn the Language

 

Figure Your Net Worth

Using Vince’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 Vince 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.


Vince’s Balance Sheet

Wealth-building assets

Amount

Cash

$
200

Savings account

$
500

Other assets

Car

$
3,000

Computer equipment

$
1,500

TV

$
1,500

Total assets

$
6,700

Liabilities

Amount

Credit card debt

$
3,500

Total Liabilities

$
3,500

Net worth

$
3,200

From Chapter 1: Learn the Language

Vince discovered he had $6,700 in assets and $3,500 in liabilities, with a net worth of $3,200.

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