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    Personal Financial Statement

    Uploaded by

    Kiran Kumar
    1. The document analyzes an individual's income and expenses, which total $760,000 and $150,000 respectively, resulting in a net monthly cash flow of $610,000. 2. The individual's assets total $1,500,000 and include a business valued at $1,500,000. Their liabilities are $100,000. 3. Several metrics are provided to analyze the individual's finances, including what percentage of income is kept after expenses, how much income is from passive sources, and their annual return on assets.

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    Personal Financial Statement

    Uploaded by

    Kiran Kumar
    75 views1 page
    1. The document analyzes an individual's income and expenses, which total $760,000 and $150,000 respectively, resulting in a net monthly cash flow of $610,000. 2. The individual's assets total $1,500,000 and include a business valued at $1,500,000. Their liabilities are $100,000. 3. Several metrics are provided to analyze the individual's finances, including what percentage of income is kept after expenses, how much income is from passive sources, and their annual return on assets.

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    Personal_Financial_Statement

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    1. The document analyzes an individual's income and expenses, which total $760,000 and $150,000 respectively, resulting in a net monthly cash flow of $610,000. 2. The individual's assets total $1,500,000 and include a business valued at $1,500,000. Their liabilities are $100,000. 3. Several metrics are provided to analyze the individual's finances, including what percentage of income is kept after expenses, how much income is from passive sources, and their annual return on assets.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    75 views1 page

    Personal Financial Statement

    Uploaded by

    Kiran Kumar
    1. The document analyzes an individual's income and expenses, which total $760,000 and $150,000 respectively, resulting in a net monthly cash flow of $610,000. 2. The individual's assets total $1,500,000 and include a business valued at $1,500,000. Their liabilities are $100,000. 3. Several metrics are provided to analyze the individual's finances, including what percentage of income is kept after expenses, how much income is from passive sources, and their annual return on assets.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
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    Name: Date:

    INCOME ANALYSIS
    Earned Income How Much Do You Keep?
    Earned #1 $100,000.00 Cash Flow/Total Income 80.26%
    Earned #2 $100,000.00 ***should be increasing
    Earned Total $200,000.00
    Passive Income Does Your Money Work For You?
    Real Estate (NET) $30,000.00 Passive+Portfolio/Total Inc 73.68%
    Business (NET) $50,000.00 ***should be increasing
    Passive Total $80,000.00
    Portfolio Income How Much Do You Pay In Taxes?
    Interest $450,000.00 Income Taxes/Total Income 16.45%
    Dividends $10,000.00
    Royalties $20,000.00 How Much Goes to Housing?
    Portfolio Total $480,000.00 Housing Expenses/Income 3.29%
    TOTAL INCOME $760,000.00 ***keep under 33 percent

    EXPENSES How Much Do You Spend on Doodads?


    Expenses Doodad Total/Banker Assets 3.23%
    Taxes (Income) $125,000.00 ***keep under 33 percent
    Taxes (Real Estate) $25,000.00
    Home Mortgage (or Rent) What Is Your Annual Return On Assets?
    Utilities Pass+Port/Rich Dad Assets 448.00%
    Maintenance ***should be increasing
    Home Insurance
    Food and Clothing How Wealthy Are You?
    Other Expenses Rich Dad Assets/Expenses 10.0
    Tithing ***measured in months
    Credit Card #1
    Credit Card #2
    Car Loan #1
    Car Loan #2
    School Loan #1
    School Loan #2
    TOTAL EXPENSES $150,000.00

    NET MONTHLY CASH FLOW $610,000.00

    ASSETS LIABILITIES
    ASSETS LIABILITIES
    Bank Accounts Credit Cards $100,000.00
    Stocks Car Loans
    Bonds School Loans
    Receivables Home Mortgage
    Real Estate Personal Loans
    (fair market value less mortgage) Other Debt
    Business Value (NET) $1,500,000.00 TOTAL LIABILITIES $100,000.00
    ASSETS TOTAL ###

    DOODADS
    Home $50,000.00
    Car(s)
    Other
    DOODADS TOTAL $50,000.00

    TOTAL ASSETS per Banker ### NET WORTH per Banker ###
    (Assets Total + Doodads) (Total Assets per Banker minus Total Liabilities)

    TOTAL ASSETS per Rich Dad ### NET WORTH per Rich Dad ###
    (Assets Total Only, No Doodads) (Total Assets per Rich Dad minus Total Liabilities)

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