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Intuitive Finance with Dylan Bain


Fiscally Savage

Take Control. Live Free.

Mar 21, 2023

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 and Resources