How to Track Your Path to FI in 2026 (Step-by-Step Guide)

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Dec 19, 2025

Ready to take control of your finances? Discover the power of a personal financial statement! Learn to track your net worth, assets, and liabilities all in one place. Get step-by-step guidance on using a free spreadsheet to simplify your financial planning. Plus, uncover insights into cash flow analysis and budgeting tools. Whether you're a beginner or a pro at managing money, this discussion equips you with essential tools to achieve your financial goals!

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ADVICE

Create A Complete Financial Snapshot

Build a personal financial statement listing assets, liabilities, income, and expenses for a clear snapshot.
Download the free spreadsheet at BiggerPocketsMoney.com/resources and fill every applicable field, marking non-applicable items as zero.

ADVICE

Download And Customize The Template

Download the free Excel or Google Sheets template and open it from BiggerPocketsMoney.com/resources.
Keep the instructions tab and remove pre-populated demo numbers before entering your own data.

ADVICE

Separate Personal And Investment Net Worth

Separate personal property (home, cars) from your investment portfolio when calculating net worth.
Track liquid financial assets (stocks, bonds) separately from illiquid investments like rentals or businesses.

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