QUOTE(jacboy @ Sep 10 2009, 07:07 PM)
Ladies and Gentlemen, member of the press,
I am new here
May I ask you all the following questions. As LYN has very vast pool ppl from all kind of backgrounds, so this is going to be a good pool of
information sharing.
I want to learn if my existing financial status and net worth is healty, lousy, etc.
So I want to share my info and hope you can share your info too. Please follow the format. At the end of the sharing, you can add your comment/advice.
Age: 28
Occupation: Service Engineer
Marital Status: Not Married but got gf.
Asset(s):
House (2 stories)-
RM220k Outstanding Loan: RM 98k 15 years more
Car (Japanese car)-
Market Value: RM 60k Outstanding Loan RM 45k 4 years more
Liability (ies):
Study loan: RM115k -borrowed from my uncle and he say when he need money will ask from me, any moment(cash)!
Parents, sorry ah pa and ah ma to call you all liability
Insurance:
Life: RM20k
Investment:
Bond: RM20k
FD: RM 220k
Cash in hand
RM10k
Your house and car should be filed under liability, unless you are earning rental from your house.I am new here
May I ask you all the following questions. As LYN has very vast pool ppl from all kind of backgrounds, so this is going to be a good pool of
information sharing.
I want to learn if my existing financial status and net worth is healty, lousy, etc.
So I want to share my info and hope you can share your info too. Please follow the format. At the end of the sharing, you can add your comment/advice.
Age: 28
Occupation: Service Engineer
Marital Status: Not Married but got gf.
Asset(s):
House (2 stories)-
RM220k Outstanding Loan: RM 98k 15 years more
Car (Japanese car)-
Market Value: RM 60k Outstanding Loan RM 45k 4 years more
Liability (ies):
Study loan: RM115k -borrowed from my uncle and he say when he need money will ask from me, any moment(cash)!
Parents, sorry ah pa and ah ma to call you all liability
Insurance:
Life: RM20k
Investment:
Bond: RM20k
FD: RM 220k
Cash in hand
RM10k
Your total liability i counted (68K+45K+115K=258K)
Your asset is at 250K, (unless you're dead, then add 20k lol) plus value of house at 220K, so you have 490K. Networth at 232k?
Not sure if this is the correct way to count though.
Sep 11 2009, 12:43 AM

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