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

Edisonkim,

Life insurance is for protection purpose only, and not conclude as assets. you are transferring the risk from yourselves to the insurance company by promising a regular paycheck to insurance company for investment. Therefore, the return is not stable and guaranteed, you may get 50% from your investment amount, you may only get the return slightly higher if the investment gain a profit as shown in your portfolio. Saving is an also known as endowment plan, you are buying a fund offered by insurance company with no backed by anything, your unit is calculated in net asset value (NAV) which may varies depend buy and sell at the time. Insurance saving plan do not guaranteed you in an amounts as you pay, therefore, you need to calculated for the allocated premium available with the current market price but not your payable premium to the insurance companies.

This post has been edited by adolph: Apr 10 2013, 10:37 PM

RecruitingTheBest,

The value of your car is not based by purchase price at that time, but such as estimate market price, type of manufacturer, cc, estimate depreciation percentage, spec and other to be calculate as assets. If your car is fully paid then it only belong to you, otherwise it still belong to the banks because of the loan and interest that still in settlement. you may convert your current liabilities by having other person pay the debt and cover your liabilities for you as a exchange of deal, you in turn lend it to the person. If you good enough, you can even received an extra cash-flow and income. I'm afraid If you don't know what to do with your cash in hands, soon there will be a tons of people send you a private message and advice you to hand it to them for some sort of investments. Anyway, please don't forget it your right as a consumer to report any possibility of fraud that may illegal to Bank Negara Malaysia if you encounter later.

Info,
http://www.bnm.gov.my/index.php?ch=en_complaint_redress

This post has been edited by adolph: Apr 11 2013, 02:15 AM

RecruitingTheBest,

If i'm you with lot of cash in hand, i will invest some portion of my cash into funds which generate 5% return or dividend per annum, or amanah saham. This is because the inflation rate, to avoid my paper become paper fiat currency that getting worthless. Just take extra caution when somebody offer you a deal which promise a handsome return by convince you to hand your cash to them.