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Personal Financial Statement De 1446 Form

Personal Financial Statement De 1446 Form

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[Music] your personal financial statement is a snapshot of your financial position at a particular point in time it shows your assets minus your liabilities which equals your net worth an asset is something that is a value that you own it consists of cash it consists of marketable securities things like stocks and bonds it can be life insurance it can also be your home and it can be your retirement accounts such as your 401k and your ira liabilities consist of something that you owe to someone it's usually a legal obligation consisting of your mortgage your car or any other personal debts that you might have with an individual [Music] a personal financial statement is important to complete because it gives you a snapshot of where you are today but it also gives you information on where you may need help with in the future a personal financial statement allows you to collect all your data into one location it allows you to track your progress year over year but it also gives you

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