|
||
|
Source : http://ezinearticles.com
Activity:
9 comments
963 views
last activity : 07 06 2010 20:18:04 +0000
|
||
|
|
Calculating your Net Worth
So you think, you are well on your way to building
wealth. Let us do a test to measure your current Net Worth:
1. Start with current market value of your major physical assets: house you are
living in (if owned) + investment properties + bullion/jewelry. etc.
2. Add current market value of liquid and movable assets: mutual funds, stocks,
bonds, bank accounts, derivatives, deposits, retirement accounts (PF),
automobile(s), consumer durables (s) etc. Please note that automobiles and
consumer durables would have depreciated in value and therefore use a
reasonably accurate value of their market value
3. Add payout value (including target bonus) of endowment/investment type
insurance policies. Ideally, you should use present value of the proposed
payouts - however, if you cannot do this, use the payout value as an
approximation. This approximation could overstate the current value of such
instruments.
The total is your assets.
Now deduct the following liabilities:
4. Value of outstanding loans taken to buy properties + automobile(s) +
consumer durables
5. Value of balance on credit cards + student loans + marriage loans + other
loans/commitments
The net result is your current Net Worth. Does the picture
still look pretty ?
Typically, one is financially stretched during the family building stage (30 -
50 years) after which a rapid rise in Net Worth is required for comfortable
retirement. Please remember that people are retiring earlier and living longer
!
- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
|
|
Everybody wants to invest that extra income into some secured fund that will have a good growth... |
|
|
543 referals
9 votes,
770 views
|
|
|
Many companies provide some sort of introductory training or orientation for most of their new... |
|
|
725 referals
32 arguments,
2213 views
|
|
|
LIC as a Banking Services |
|
|
0 referals
6 arguments,
373 views
|
|
|
|
|
|
|
|
|
Cadbury India Ltd. Brand “Cadbury Dairymilk” has already been taken strong position in Indian... |
|
|
0 referals
0 comments,
0 views
|
|
|
If we analyse the nature of students' demand, what they want as customers are: Expert Teaching... |
|
|
245 referals
17 comments,
262 views
|
|
|
Affordable dental plans are important to your overall health coverage. Without affordable dental... |
|
|
0 referals
0 comments,
11 views
|
|
|
|
|
|
|
Calculating your Net Worth So you think, you are well on your way to building wealth. Let us do a test to measure your current Net Worth: 1. Start with current market value of your major physical assets: house you are living in (if owned) +... |
India mutual fund companies and foreign institutional investors (FII) appear to be betting in opposite directions for most of the recent Sensex growth. Data highlights this trend: 1. When Sensex jumped from 14,000 to 15,000, FII sold shares (net... |
Reverse Mortgages: Loan against your home Each country will have specific features for the product that need to be understood based on where the property is situated. The National Housing Bank (subsidiary of Reserve Bank of India) has described... |