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Example
of a Completed "Ow-Ow" Statement
(Click
Here for a Blank template for your "Ow-Ow" statement)
WHAT
YOU OWN (ASSETS) |
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Bank
accounts, money market accounts, and CDs: |
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Combination
checking/savings account |
$6,000 |
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Certificate
of deposit |
4,000 |
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Money
market account |
15,000 |
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Sub-total |
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$
25,000 |
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Non-retirement
investment accounts: |
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Brokerage
account |
50,000 |
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Mutual
fund account |
35,000 |
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Sub-total |
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85,000 |
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Retirement
accounts: |
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401(k)
account at work |
75,000 |
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403(b)
account at previous job |
50,000 |
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Roth
IRA |
5,000 |
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Sub-total |
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130,000 |
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Real
estate: |
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Principal
residence |
250,000 |
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Sub-total |
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250,000 |
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Tax-deferred
annuities and life insurance cash value: |
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Cash
value - life insurance policy |
5,000 |
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Sub-total |
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5,000 |
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Other
assets: |
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None |
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Sub-total |
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0 |
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TOTAL
ASSETS |
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$495,000 |
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WHAT
YOU OWE (LIABILITIES) |
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Real
estate mortgages and equity loans: |
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Mortgage
on principal residence |
$175,000 |
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Equity
loan for home improvements |
25,000 |
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Sub-total |
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$200,000 |
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Auto
loans, credit cards, other consumer debt: |
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Due
on Credit Card |
5,000 |
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Sub-total |
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5,000 |
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Student
loans |
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Sallie
Mae |
35,000 |
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Sub-total |
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35,000 |
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Other
liabilities: |
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None |
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Sub-total |
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0 |
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TOTAL
LIABILITIES |
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$240,000 |
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CALCULATE
NET WORTH |
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Total
assets (from above) |
$495,000 |
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Total
liabilities (from above) |
240,000 |
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NET
WORTH (assets - liabilities) |
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$255,000 |
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