Halfway Through 2021 - The Right Time For Some Stock Taking, Isn't It!
life, self discovery / Uncategorized

Balancing That Sheet.

At the end of a fiscal year, people get busy with their accounts. Companies come out with their balance sheets and the general public gets busy filing their taxes and declaring their income. No matter how organized we are, there is always a check to be done to ensure we have not missed anything.
I have not particularly enjoyed my accountancy classes. But I like the concept of a balance sheet and the way the amount always balances (that is, if we have got our numbers right). We bring some amount from the previous year, we earn some during this year and we take forward some into the next year. There are some fixed assets which depreciate over the years but still forms the strong base for the business. There are new investments, shareholders, miscellaneous items as well as a provision to write off some items. All these make a perfectly balanced sheet.
How about a balance sheet of our life at the end of a calendar year? The left side will consist of our strengths, our well wishers, our achievements and accolades, our gains in terms of experiences and relationships, time spent on increasing our talent and expanding our horizon, lessons learnt, new people who have come and enriched our life, some old friendships and relations that have been revived, new activities that we have started,  bucket list items that have been ticked off, etc. How much we have evolved as a person will be a sum total of all these.
The right side will consist of our weaknesses,  losses in terms of people who left us, bitter experiences, time spent on undeserving people and unnecessary activities, relationships that have turned bitter, activities that had to be stopped, hobbies that we lost interest in, misunderstandings that we never cared to clear, people who we let go, opportunities that we lost, things that we had to sideline in order to achieve our dreams, time that we could not spend with loved ones etc. How much we have to further work on ourselves, will be a sum total of all these.
Some fond memories that have been captured in our minds will be carried forward to the next year.
Some bad incidents and people will be written off. They will find place in the learnings from experiences and be referred to when we find ourselves in similar situations. 
I have always found the miscellaneous aspect in the balance sheet very interesting. It has come handy when I tried to balance the accounts of the XYZ Company during my exams. A small deficit here and there would get adjusted into the miscellaneous account. Similarly in the balance sheet of our life, there will be some experiences that are beyond our understanding and comprehension. Such aspects are best left unanswered under the miscellaneous heading.
One important aspect here is that the sheet always balances. Lessons learnt from failures balance the failure. And people we had to let go because we were running behind our success balances our achievements. There is always something that we gain when we fail and something that we leave behind when we succeed.
Now, it is time to move forward, to make new estimates, to draw new plans and to open a new balance sheet. May the carry overs from the previous year strengthen you and help you achieve newer heights in the coming year. May you be able to maintain a healthy balance in the balance sheet of life.

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Comments



Madhavan kadavakat
December 22, 2017 at 11:47 am

A thought provoking analysis of life. Good and keep it up.



December 22, 2017 at 2:09 pm

This is an interesting idea – but I have to tell you that I failed to grasp the concept of balance sheets, which is why my original career in finance fizzled to a halt!



December 22, 2017 at 2:54 pm

Nice accounting proforma of annual deeds of our daily events of life.





December 22, 2017 at 10:35 pm

I can really relate to the way you describe the balance sheet as an analogy to personal growth. I too have always liked it in business, especially as a snapshot at year end. As you say, in life we can also use it to inspire us to grow our assets and reduce our liabilities. Happy New Year!





December 23, 2017 at 1:15 am

I like the idea of creating a balance sheet for our lives at the end of each year. It would show us where we can do better, but also remind us of all the good things we have done and that have been given to us. It seems like a good policy to me!



    December 23, 2017 at 6:10 am

    Yes Ann. Reminding us of all the good things is also so important. Usually we just remember a couple of unfortunate things that have happened in the recent past and rate the bygone year depending on that . But there could be a lot of good things that have happened during the year …





January 1, 2018 at 1:35 pm

Apt n lovely analogy Deepa 🙂



June 28, 2020 at 9:38 pm

I blog quite often and I really appreciate your content.
This article has truly peaked my interest. I’m going to bookmark your blog and
keep checking for new details about once a week. I opted in for your Feed as well.



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