Still, a personal balance sheet may not tell the whole story because the “character” of the items it contains may not have been considered, and investors may have overlooked certain items.

A balance sheet is a financial statement that accounts for a business's assets, liabilities, and shareholders' equity at a specific time.

If you’re planning a financial overhaul in 2019, one of the first things you need to do is figure out where you stand. And as advised by Kiplinger , ...