How does one define networth? - Seedly
 

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Asked by Anonymous

Asked on 07 Jun 2019

How does one define networth?

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Zeeeee
Zeeeee
Level 5. Genius
Updated 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.

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John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Updated on 07 Jun 2019

I will ask the question "why do you need to define your net worth?"

to the girl you like?

to a institution?

Personal KPI?

I do not see the purpose and the context is much more valuable than the question being asked here.

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All your assets (cash, CPF, investment value, cash value policies, FD, property value) minus all your liabilities (mortgage, loans, other debts).

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