How to Create a Personal Balance Sheet

Episode #50

The first step to staying on top of your finances is understanding where you are currently. A personal balance sheet can help you achieve precisely that.


But what exactly is a balance sheet, and how can you put one together?


In today’s episode, Dylan walks you through creating a balance sheet so you can better plan your budget and set goals for increasing your net worth.

Show Highlights

  • [02:03] The importance of creating a balance sheet
  • [05:32] What counts as assets?
  • [11:35] Why you shouldn’t view your primary home as an investment
  • [16:38] Why cars and chattels are not assets
  • [18:40] What liabilities are and what counts as liabilities

Links & Resources



The Intuitive Finance learning tools including documents and worksheets to help you forge your own path and master your fiscal life. You can get more info about the Toolkit here.
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