{"id":242,"date":"2012-03-15T03:49:47","date_gmt":"2012-03-15T07:49:47","guid":{"rendered":"https:\/\/www.cashflownavigator.com\/blog\/?p=242"},"modified":"2012-03-15T03:50:25","modified_gmt":"2012-03-15T07:50:25","slug":"spotlight-on-the-8020-worksheet%e2%84%a2","status":"publish","type":"post","link":"https:\/\/www.cashflownavigator.com\/blog\/2012\/03\/spotlight-on-the-8020-worksheet%e2%84%a2\/","title":{"rendered":"SPOTLIGHT ON: The 8020 Worksheet\u2122"},"content":{"rendered":"<p><a href=\"https:\/\/www.cashflownavigator.com\/blog\/wp-content\/uploads\/2012\/03\/small-8020-wksht.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-243\" title=\"small 8020 wksht\" src=\"https:\/\/www.cashflownavigator.com\/blog\/wp-content\/uploads\/2012\/03\/small-8020-wksht.png\" alt=\"\" width=\"262\" height=\"183\" \/><\/a>The 8020 Worksheet\u2122 is a simple automated tool that allows you to measure and manage your key financial information in one place.\u00a0 It includes your net worth, which is a measure of your wealth, and your cash flow, which is a measure of your financial independence.<\/p>\n<p>The 8020 Worksheet\u2122 has three main components:<\/p>\n<ol>\n<li>The top portion includes your balance sheet, comprised of assets (what you own) and liabilities (what you owe).\u00a0 It also shows monthly cash flows \u2013 positive and negative \u2013 associated with each of your balance sheet items.\u00a0 Assets, liabilities, and cash flow amounts in this section are FIXED amounts.<\/li>\n<li>Next is the Variable Living Expenses section.\u00a0 It\u2019s the sum total of your numerous daily living expenses (food, clothing, utilities, travel, entertainment, etc.).\u00a0 This is a cash flow item \u2013 a negative cash flow \u2013 and these expenses vary in amount from month to month.<\/li>\n<li>Income from Wages and Salary (a positive cash flow) is listed last.<\/li>\n<\/ol>\n<p>Why is Wage and Salary income listed last? Simple: If your goal is to become financially independent, then you won\u2019t have to rely on your salary (or your spouse\u2019s) to enjoy a positive monthly cash flow.\u00a0 Instead, you can rely on positive cash flow from your other assets \u2013 captured in the top section of the 8020 Worksheet\u2122.<\/p>\n<p><a href=\"https:\/\/www.cashflownavigator.com\/blog\/wp-content\/uploads\/2012\/03\/CFN-Worksheet-Components-2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-247 aligncenter\" title=\"CFN Worksheet Components 2\" src=\"https:\/\/www.cashflownavigator.com\/blog\/wp-content\/uploads\/2012\/03\/CFN-Worksheet-Components-2.png\" alt=\"\" width=\"533\" height=\"294\" srcset=\"https:\/\/www.cashflownavigator.com\/blog\/wp-content\/uploads\/2012\/03\/CFN-Worksheet-Components-2.png 798w, https:\/\/www.cashflownavigator.com\/blog\/wp-content\/uploads\/2012\/03\/CFN-Worksheet-Components-2-300x165.png 300w\" sizes=\"auto, (max-width: 533px) 100vw, 533px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 8020 Worksheet\u2122 is a simple automated tool that allows you to measure and manage your key financial information in one place.\u00a0 It includes your net worth, which is a measure of your wealth, and your cash flow, which is a measure of your financial independence. The 8020 Worksheet\u2122 has three main components: The top [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-242","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/posts\/242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/comments?post=242"}],"version-history":[{"count":12,"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/posts\/242\/revisions"}],"predecessor-version":[{"id":257,"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/posts\/242\/revisions\/257"}],"wp:attachment":[{"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/media?parent=242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/categories?post=242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashflownavigator.com\/blog\/wp-json\/wp\/v2\/tags?post=242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}