From the website, net worth is owned assets + cash + stocks + insurance cash value and less off liabilities. If going by this calculation, my net worth is $590k. There is another school of thought. The house which u stay in should not be included as it does not generate any value as you are staying in it.
Cpf should not be included too since u might not have a chance to use or withdraw it in future due to government minimum sum policy. If based on cash and stocks, Hubby and i only have $224k.
Able to save $800k Sounds Wonderful. Mind sharing how u accumulate ur net worth these years and your monthly household income as a rough guide.
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Originally Posted by Unregistered
Wish you the best.
Personally, I do not count my HDB and its loan in my net worth. In fact, I only closely track cash + shares. I would include investment property too, but I don't have one yet.
I'm 36, wife 35. Cash + shares = 800k
Hope to hit 1m in another 2 years. |