Balance Sheet

A balance statement provides a snapshot of the assets and liabilities that create your net worth.
An asset is something you own.
A liability is something you owe to someone.
Assets - Liabilities = Net Worth
You will want to reduce and eventually eliminate your liabilities while increasing your assets.
There are generally two types of assets: income producing (rental houses) and non-income producing (cars)

Assets
$
Liabilities
$
Balance Sheet
Assets:
Total Assets: $0.00
Liabilities:
Total Liabilities: $0.00
Net Worth: $0.00
Age:
Pre-tax Income (annual): $
Previous Net Worth: $
Current Net Worth: $0.00
Your net worth (Increased / Decreased) by $0.00 which is an (Increase / Decrease) of 0.00%
Benchmark Net Worth: $0.00
Debt/Assets: 0.00%
Invested/Assets: 0.00%
I want to retire at (Age) with $
which means I have 0 year(s) to earn $0.00.
$1 invested today growing at an average of % annually will be worth
$0.00
when I retire.
If I were to retire today I could withdraw $0.00 from my retirement accounts which is 5% of the account a month or $0.00 a year.