wow like dat calculate 1 r.. then based on that my house alone will make me net worth 500k lolololol

Just curious, does the formula apply if you start work late.

In my case, I only start working at age of 24 yr old. And out of a job for 1 yr at the around 29ish.

Anyway, I failed with flying colour for all the 4 different ways of calculation

This post has been edited by Halamdar: Apr 8 2013, 12:51 PM

No loan meh? Loan must be minus off...

after reading this tered and KOK tered.
i feel very low lor.

Haha, lets form a "loser" club ! JK

But seriously, dont compare with the big taoki here. Its over represented in this forum and there are not that many in real life

Start work late = have to work harder, save harder, eat cheaper, drink/club lesser

Wwwwww.... /cry !

No lah... still need my daily starbuck latte..... my kid come along as well... and he always order food too ....

I live as a human in KL for 29 years already, I've never paid for a cup of Coffee Bean or Starbucks

So.. U prioritize yr Starbucks latte than financial freedom & options that comes with financial freedom.
If so, don't lar cry about your choices, right?
IMHO, in life, it's mostly a matter of priorities and choices that brings about the results we desire / not desire
Just a thought

This post has been edited by wongmunkeong: Apr 8 2013, 02:23 PM

yo lo..
i cannot enjoice like human also.
stabuck etc never consider to go since my earning cannot do that much

Wah you so keng ah.. RM 1.50 kopitiam 'kopi beng' not good enough for you ah?

I drink starbucks only like once 1-2 months....otherwise daily i make 3in1 coffee at my workplace... cheaper and nicer

This post has been edited by gark: Apr 8 2013, 02:31 PM

Actually I make it a fun to overstretch the value of my money.

If my friend used to drink coffee at Star Buck , I buy the coffee from the supermarket and make the drinks myself.

I find the trill to outperform him in getting a better value for my money.

Never mind if he earns much more than me.

According to some Guru, it is how much u can save that matters most , rather than how much u can earn and spend the money away.

This post has been edited by SKY 1809: Apr 8 2013, 02:48 PM

My kopi at office I ask tealady make for me...free and effort-free

"What u earn is not really yours, what u save is truly yours"

Provided no run bank. If run bank, what you save if belongs to everyone

Save at home takut robber or bini curi go out buy LV or son curi go out buy porn DVD

How? Apa pun mau takut, life no meaning liao

and thus Asset Allocation, then region allocation lor
At most kena curi a % only mar UNLESS ALL REGIONS goes down the drain + ALL ASSET CLASSes lar

Wintersun,

Yes, that's the exact way to calculate your net worth, calculate by your asset minus liabilities, by taking your largest assets such as property, or car depend on depreciation and market values, liquid assets, retirement accounts, valuable and physical jewellery. Your liabilities included credit cards, public debts and all sort of debts. once you have these two, you will know the exact amount how much your assets or liabilities, most working adults have liabilities more than assets, when they received a cash, or bonus from their hardwork. these people tend to spend and buy toys, a liabilities column such as latest phone and car. That's why they're struggling and asset to the banks because their ability to make payment.


Info,
http://cgi.money.cnn.com/tools/networth/networth.html

This post has been edited by adolph: Apr 8 2013, 03:15 PM

Haha, for me , I dont buy luxury goods and my T shirt only cost RM 6, just cannot survive without latte

But on the serious note, I do have much saving and definately can afford latte everyday

Latte is something I need as a necessary enjoyment of my life

When that happens, it'd be anarchy everywhere, all governments fall