Ready to take control of your finances in 2026? Mindy Jensen and Scott Trench are breaking down one of the most powerful tools for financial success: the personal financial statement. Think of it as your complete financial snapshot—tracking your net worth, cash flow, assets, and liabilities all i...
Ready to take control of your finances in 2026? Mindy Jensen and Scott Trench are breaking down one of the most powerful tools for financial success: the personal financial statement. Think of it as your complete financial snapshot—tracking your net worth, cash flow, assets, and liabilities all in one place. The best part? They're giving you a free comprehensive spreadsheet to make it ridiculously easy.
This Episode Covers:
What a personal financial statement is and why it's essential for reaching your 2026 FI goals
How to calculate your net worth and track it over time
Step-by-step instructions for filling out your financial statement spreadsheet
Organizing your assets and liabilities in one powerful location
Using cash flow analysis to understand where your money goes
Tips for serious financial planning with your completed statement
Access to the free comprehensive spreadsheet template at BiggerPocketsMoney.com/resources
Mindy and Scott's recommended budgeting software, Monarch Money (use code 'Pockets' for 50% off Your First Year)
Whether you're just starting out or ready to level up your money game, this episode gives you the foundation you need.
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