Commercial net worth = Include what?

your company`s net worth laa

I was thinking business net worth. Same thing.

I don't mind about net worth, it is just another figure ( I mean, spending like your monthly spending when are you going to finish your money?). As long as one is free of debt, able to save and invest. Then life is better than good.

i think everyone do that. The difference is the amount. I might have 1k to spare, you? 10k? others maybe 500.. some 20k

Age: 28
Occupation: System Engineer
Marital Status: Single


Asset(s):

House (1 stories SD)
valued at RM180k Outstanding Loan: RM 158k 19 years more

House (1 stories Detached)
Same area as above SD
Value: Unknown
Share:1/6 (inherited)

Shop (3 Unit)
In same area as above SD
Value: Unknown
Share:1/6 (inherited)

Car -
None

Liability ():
Study loan: RM35k


Insurance:
Life: RM30k
Endowment: 10K

Investment:
None

Cash in hand:
RM36k
SGD3K

Buy as soon as possible,if you able to do it or money went to entertainment,etc

So what is a good networth for a person age 35 and 40?

Taht would depends on your jobs & family & other expenses.... but your salary plays the major role

I'm in that age range, and if you minus the folks who are still somewhat dependent/supported by their parents (yes there are many late 30's folks still dependent on their rich daddys and mommys), the regular guy who supports his family and his parents/in-laws financialy, are no where close to some of the numbers being posted here.

What I always find amusing, is guys in that age range who have friends who know them all their lives, can guess how much he has or has not. However, some with the rich mommys and daddys will try to project that they have made it on their own and most of their peers/friends won't say anything in their face, but we all know its not true. This is the amusing part. They are typically without a real job, dabblling in small business here and there, and rarely have a lot of cash to buy big things on their own. Buying a new car always involves some "conversations" with their mom and dads. Houses are never bought by them but given. Asset wise, they will boast of the offices, condos, houses, factories, land etc which their parents bought or bought for them as their own purchases.

Over here we are all behind nicknames and no one knows you in real life. Some fantasies are lived out in this tread while I am sure there is also the common trend of boasting about parents wealth as their own. A good amusing read

This post has been edited by GeekinE90: Oct 16 2010, 02:24 PM

agree...haha

can i click on the "LIKE" button?
where is it?haha

1

This post has been edited by RedJacket: Jul 14 2014, 09:02 PM

What do you expect people to comment you though PM?

Age: 26
Salary:
Field: Oil and Gas
Net worth: Confidential
Location: Malaysia

Would like a general feedback... is it healthy to keep only 10k in FD as contigency and 5k cash on saving/current account.

I did not see much value in keeping too much money in FD and savings and I would prefer to convert my money to much valueable asset.
Tho' it means higher risk...

Do you feel that I lack the liquidity or doing just fine?
Current liability.. only 2 cars- 1 for rental and 1 personal use.

What does your valuable asset means / include?

assets covers property and some company funds/shares.
planning to get 1 more car to rent out

age:21
job:auditor
have worked for 3 months.
Cash in the bank : around 3k

have read this thread with interest.

Here goes mine, pls comment:

Age: <35
Salary: not fixed. But say >700k pa
Field: Own business
Properties: 16m (Loan 13m).
Cash: 2m
Rental income : Approx 300k pa
FD + Unit trust: 200k
Stock mkt: 40k
EPF: 300k
Monthly instalments: 45k (cars + prop)

What would u do if you are in my position? have 3 kids all below 6. can retire or not?

Born XXXXXXXXXX
August 30, 1930
Omaha, Nebraska, U.S.
Nationality American
Alma mater University of Pennsylvania
University of Nebraska–Lincoln
Columbia University
Occupation Chairman & CEO of Berkshire Hathaway, Investor
Salary US$100,000
Net worth US$45 billion



Guess Who am I?

3 kids. Total net worth of about 3 mill (excluding properties). I assume its in ringgit.

My idea for retirement is when my passive income covers my expenses + future expenses ( kids schooling, medical, clothes + wife/parents costs, etc ).

In your position with a income of 700k p.a. I definitely would not retire.
I would say too much of your assets base is in cash. Also you are in a net loss position for your properties rental ( the rental income does not seem to cover the monthly installments ).

But still very well done on leveraging the asset side.

This post has been edited by Halcyen: Jan 25 2011, 10:25 AM