Sometimes it is worth knowing if your net worth is good enough or not. But how do you know if it good? And what if you don’t even know how to calculate your net worth? These are some of the questions I am trying to address in this post. Simply put net worth is the sum of all your assets minus the sum of all your liabilities. An asset is something you own and has a value. Your watch, TV, jewelry, car, house etc come under assets. A liability is something that you owe to others. For example if you … Continue reading “What Is Your Net Worth And Is It Good Enough?”
Tag: net worth
Year In Review – 2018 Net Worth
The final chapter in the Year in Review series, is reviewing my net worth. At the end of every year, in addition to reviewing my returns and expenses, I also take stock of my net worth. It is an exercise not to check how much I am worth, but more to get an understanding of my asset allocation, and see if it is converging towards my planned allocation. Lets take a look at the constituents of my net worth first. There, all the usual suspects such as equity, fixed income and real estate. In addition, I have been tracking PF … Continue reading “Year In Review – 2018 Net Worth”