Nett Worth

[Okenba]

BBC. You're the only one that has an issue with it far as I can see. And others have raised similar issues of the purpose of calculating net worth and distinguishing how it is calculated based on that. I hardly think what I said was confusing. Is there really a point to arguing about it?
You're right, let's move on.

 

[$ingaporean]

For me, i break down my net worth into 3 buckets.

1. CASH, CASH investments and SRS investments
2. Insurance policies
3. CPF OA, SA, MA

In this way, no need to bother liquid or non-liquid. For each bucket, I know what they are meant for and keep track of them separately. Bucket 2 and 3, i usually just update once in a while, but bucket 1 has my full attention.

But on the whole, all 3 bucket are my net worth. They must be viewed and planned in a holistic manner, all the way to retirement.

If you dont include your cpf, you are blinded on this 1 aspect. CPF can be like a long term bond. Ultimately you will get it when you reach a certain age. You can also buy house, invest as well using it. So why not keep track of it as well for your retirement planning.

 

[culture_counter]

The nett worth should not include resident housing but include all others such as bank savings, insurance policies surrender values, as well as CPF (OA, SA, MA, RA).

 

[abcde83]

Simi si nett worth? Lol

 

[ygsub41]

Nett worth include all assets less liabilities
Cpf is under your name of course include as part of nett worth
Question is how many % of your nett worth is cpf
If its a huge chunk say 50% or more then your nett worth is jin low cannot retire well
If its a small fraction say below 10% then congrats u can retire well

 

[ygsub41]

The nett worth should not include resident housing but include all others such as bank savings, insurance policies surrender values, as well as CPF (OA, SA, MA, RA).

First time i hear this kind of definition
I laughed
If you say rented house i agree
If the house under your name and u service the loan yet exclude from nett worth, why?????

 

[ygsub41]

For me, i break down my net worth into 3 buckets.

1. CASH, CASH investments and SRS investments
2. Insurance policies
3. CPF OA, SA, MA

In this way, no need to bother liquid or non-liquid. For each bucket, I know what they are meant for and keep track of them separately. Bucket 2 and 3, i usually just update once in a while, but bucket 1 has my full attention.

But on the whole, all 3 bucket are my net worth. They must be viewed and planned in a holistic manner, all the way to retirement.

If you dont include your cpf, you are blinded on this 1 aspect. CPF can be like a long term bond. Ultimately you will get it when you reach a certain age. You can also buy house, invest as well using it. So why not keep track of it as well for your retirement planning.

Why never include house , car, watch, gold bar, etc

 

[epigram]

another measure is to based it on a drop-dead value.
i.e. if a person expires today, what would be left after liquidating all assets and paying off all liabilities.
optional: treating any insurance payouts as assets. if so, that person may be worth more dead than alive!

 

[hwarzoner]

my current networth if include cpf and cash is about 1.7 million, took almost 21 years to slowly accumulate from salary and some dividends etc.
i never bought house, car or buy wife as i am a low income earner so not easy to accumulate, saw many of my peers with high income bought condo, car and wife. i scare to buy. eat cai png or home cooked food, but sometimes ear dtf or ichiban boshi. like to play video games.

 

[havetheveryfun]

my current networth if include cpf and cash is about 1.7 million, took almost 21 years to slowly accumulate from salary and some dividends etc.
i never bought house, car or buy wife as i am a low income earner so not easy to accumulate, saw many of my peers with high income bought condo, car and wife. i scare to buy. eat cai png or home cooked food, but sometimes ear dtf or ichiban boshi. like to play video games.

what u mean by buy wife ???

 

[reddevil0728]

what u mean by buy wife ???

i think some ppl still view woman as objects?

 

[ygsub41]

my current networth if include cpf and cash is about 1.7 million, took almost 21 years to slowly accumulate from salary and some dividends etc.
i never bought house, car or buy wife as i am a low income earner so not easy to accumulate, saw many of my peers with high income bought condo, car and wife. i scare to buy. eat cai png or home cooked food, but sometimes ear dtf or ichiban boshi. like to play video games.

No wife no house no car ???
活着有意思吗

 

[reddevil0728]

No wife no house no car ???
活着有意思吗

not necessary must have all that to have a life also ma

 

[d9_lives]

my current networth if include cpf and cash is about 1.7 million, took almost 21 years to slowly accumulate from salary and some dividends etc.
i never bought house, car or buy wife as i am a low income earner so not easy to accumulate, saw many of my peers with high income bought condo, car and wife. i scare to buy. eat cai png or home cooked food, but sometimes ear dtf or ichiban boshi. like to play video games.

1.7m is not bad.
It will be faster if you've a wife who earns good money too.
Double engines vroom vroom.

 

[ygsub41]

not necessary must have all that to have a life also ma

True la
Thats why got computer games and pet dogs

 

[opteron]

True la
Thats why got computer games and pet dogs

Welcum to the Metaverse...

 

[kickass22]

If you don't know why you are calculating your networth than it is worth-less.

 

[boroangel]

my current networth if include cpf and cash is about 1.7 million, took almost 21 years to slowly accumulate from salary and some dividends etc.
i never bought house, car or buy wife as i am a low income earner so not easy to accumulate, saw many of my peers with high income bought condo, car and wife. i scare to buy. eat cai png or home cooked food, but sometimes ear dtf or ichiban boshi. like to play video games.

TO each his own and this is a good achievement. If you do get a house later on it will set you back a bit but no big deal, can try to get a resale or something.

More importantly, as long as you live happily and is not lonely, just continue to accummulate. Love and partners might still come into your life later on when you least expect it.

 

[abcde83]

My networth is health... Heh..
Health is wealth!

 

[hwmook]

1.7m is not bad.
It will be faster if you've a wife who earns good money too.
Double engines vroom vroom.

Most wife only eat into your networth. 1 pax retire with 2m is definitely more than enough.