Series 65: 5.2.3.3 Example Of Balance Sheet And Income Statement

Taken from our Series 65 Online Guide

5.2.3.3  Example of Balance Sheet and Income Statement

Just like a business, an individual’s financial situation may be analyzed by understanding her balance sheet and income statements. Let’s look at Tricia’s financial statements:

Balance Sheet

Assets

Marketable securities (stocks, ETFs, and mutual funds)

120,000

Cash, CDs, and money market funds

20,000

Treasury securities

60,000

House

400,000

Belongings

10,000

Car

20,000

Total Assets

$630,000

Liabilities

Mortgage

150,000

Utility bills

800

Personal Loans

5,000

Total Liabilities

$155,800

NET WORTH

$474,200

Monthly Income Statement

Monthly Income

Salary net of taxes

4,800

Other Income

200

Total Income

$5,000

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