Give your finances a X-ray
What does your income statement look like? Have you ever created one? In this article you will see what an income statement look like then you can create one from your finances. A financial statement is like an X-ray, MRI, and CT scan for your finances.
Business have to give their investors financial statements at least once per year. The best investors read them like a roadmap that reveals the health of that company. You are permanently invested in your financial situation. Do you know where you are going?
Your financial statements will reveal your financial health
| Revenue | |
| Earnings (from job or self-employ) | $__________ |
| Interest | $__________ |
| Rental | $__________ |
| Royalties | $__________ |
| Dividends | $__________ |
| Business profit | $__________ |
| Total Revenue | $___________ |
| Expenses | |
| Taxes | $__________ |
| Food | $__________ |
| Housing/Utilities | $__________ |
| Transportation | $__________ |
| Clothing/personal care | $__________ |
| Education | $__________ |
| Insurance | $__________ |
| Entertainment | $__________ |
| Vacation | $__________ |
| Other | $__________ |
| Total Expenses | $__________ |
| Surplus/Deficit | $_____________ |
The expense categories may be different for you.
Have you created a Personal Financial Statement?
What does your Financial Statement say about your finances?
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