The Balance Sheet

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 83-March 24 “All my available funds are completely tied up in ready cash.”—W.C. Fields The Balance Sheet. This is one of those important financial statements that bankers and accountants love. We need to love it too, because it is a snapshot of how we are doing financially at any one moment in time. It is basically just a list of the value of all the things you own, balanced against the money you owe to other people. This is its basic construction: Assets (All the stuff you own) Cash in bank accounts Other cash Stocks and bonds Real estate Automobile Furniture Art, Jewelry, … [Read more...]