Asked by Anonymous
Asked on 07 Jun 2019
The sum of all the assets under your name, from bank account balances, to total sum of your investment portfolio, to your CPF balances, to housing valuation (if you were to sell it....) and even insurance policies under your name with a cash value to it (like the surrender value of whole life plans), one usually reviews it on a monthly/yearly basis to track the growth and to see if your financial actions are playing out well or not.
I will ask the question "why do you need to define your net worth?"
to the girl you like?
to a institution?
I do not see the purpose and the context is much more valuable than the question being asked here.
Top Contributor (Jan)
All your assets (cash, CPF, investment value, cash value policies, FD, property value) minus all your liabilities (mortgage, loans, other debts).