Appendix D
Personal Balance Sheet
Creating a personal balance sheet can be a good exercise to accurately assess your financial health. You can find free templates on the Internet for Excel. Or you can use this as a basic guide. It’s just a starting point—feel free to make it as detailed as you like.
A personal balance sheet can be set up just like a corporate one—it lists assets and liabilities, and subtracting liabilities from assets gives you your net worth.
Table D.1 Hypothetical Personal Balance Sheet
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