₦airaland Forum

There have been few things in my life which have had a more genial effect on my mind than the possession of a piece of land. – Harriet Martineau

What Is a Personal Financial Statement?
A personal financial statement is a spreadsheet that details the assets and liabilities of an individual, couple, or business at a specific point in time. Typically, the spreadsheet consists of two columns, with assets listed on the left and liabilities on the right.

Why is a personal financial statement useful?
This statement is a tool that can be used to analyze your current financial status, enabling you to track net worth and set financial goals. These statements are often reviewed by lenders when a client applies for credit or a loan, including a mortgage.

What are assets and liabilities?
Assets are investments and property of significant value that can be used as collateral to secure a loan. While salary and other forms of income are not listed as assets, lenders will typically ask to see them, listed separately, to gain a better understanding of your ability to manage liabilities. Common assets include:

Account balances: savings, certificates, money market accounts

Investment balances: stocks, ETFs, mutual funds, bonds, annuities, cash-surrender values of life insurance, commodities

Retirement accounts: 401(k)s, IRAs
Real estate

Valuable personal property: vehicles, boats, jewelry, or collectables

Liabilities are accounts that carry a balance to be paid down by regular installments. Monthly accrued expenses (utilities, cable, cell phone, insurance payments, rent, food, and other general living expenses) are excluded. Common liabilities, however, do include balances for:

Credit cards
Student loans
Unpaid medical bills or unpaid taxes
Mortgages or vehicle loans
Loans that you have co-signed

How is net worth calculated?
It’s calculated by simply subtracting total liabilities from total assets. The difference is your net worth. If you need help calculating it yourself, our Money Management tool in Online Banking and the Mobile App can help you calculate your net worth when you add all of your accounts!

What if you have a negative net worth?
Whether your net worth is positive or negative, it is a starting point. It tells you where your finances currently stand and provides motivation for goal-setting. The worst action you can take is adjusting your numbers to better your net score. Intentionally modifying amounts on an official personal financial statement is punishable by large fines and/or imprisonment.

Your personal financial statement is like a photo, but your net worth is like a movie.

While a personal financial statement is a static snapshot of your net worth at a specific moment in time, net worth is constantly in motion as investment balances, interest rates, and property values fluctuate and liabilities are reduced.

Culled from Clearview

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results. – Warren Buffet

Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth. – Robert Kiyosaki

“If you don’t own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home.”
John Paulson, investor and multi-billionaire

Every land must have all the necessary documents, in order to prove that the land belongs to the owner to prevent government interference
A person who won’t read has no advantage over one who can’t read. – Mark Twain

Real Estate is an investment that never goes bankrupt, no matter how small the land is, it will always bring you money
Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth. – Theodore Roosevelt

Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth. – Theodore Roosevelt

Land Banking is the most lucrative buisness, it has low risk and a very high gain.
Real estate practice is not about selling or buying a home. It’s about representing your client’s greatest asset to your clients greatest benefit. – Alex Delgado

There have been few things in my life which have had a more genial effect on my mind than the possession of a piece of land. – Harriet Martineau

You can never solve a problem with the same kind of thinking that created the problem in the first place. – Albert Einstein

Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world. – Franklin D. Roosevelt

Call Stella Ayomide on 08139956915 for further inquiry on this amazing product/offer and professional advice on Real Estate investing.

Good morning

The house you looked at today and wanted to think about until tomorrow may be the same house someone looked at yesterday and will buy today. – Koki Adasi

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results. – Warren Buffet

Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy. – Marshall Field41

Don’t wait to buy real estate, buy real estate and wait. – T. Harv Eker

“If you don’t own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home.”
John Paulson, investor and multi-billionaire

Find out where the people are going and buy the land before they get there. – William Penn Adair

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results. – Warren Buffet

Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth. – Theodore Roosevelt

In the business world, the rearview mirror is always clearer than the windshield – Warren Buffett

Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world. – Franklin D. Roosevelt

Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth. – Theodore Roosevelt

There have been few things in my life which have had a more genial effect on my mind than the possession of a piece of land. – Harriet Martineau

“Whether you think you can or whether you think you can’t, you’re right!” – Henry Ford

This statement might confuse at first, but once you get it, like a Zen koan, it makes perfect sense. What the father of automotive automation is imparting with this quote is that success is as much a mind game as it is determined by fate. With the right attitude you can do almost anything.

Real estate practice is not about selling or buying a home. It’s about representing your client’s greatest asset to your clients greatest benefit. – Alex Delgado

You can never solve a problem with the same kind of thinking that created the problem in the first place. – Albert Einstein

Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth. – Theodore Roosevelt

Don’t wait to buy real estate, buy real estate and wait. – T. Harv Eker

Find out where the people are going and buy the land before they get there. – William Penn Adair