Recently have seen some bloggers writing about their net worth. With some free time tonight I thought it would be interesting to do a quick estimate of my current net worth for curiosity sake too.
This is a back-of-the-envelope calculation so figures are not 100% accurate.
All figures are based on point of writing (14 May 2019 11.50 pm).
Insurance Cash Value: $105k
Cash 1: $43k
Cash 2: $140k
Property Value (50%): $250k
Housing Loan (50%): ($35k)
Car Loan: ($54k)
Net Worth: $707k
I have excluded the car related values such as PARF and COE rebate.
I bought my watch at $8k+ about 8 years back. Current price for the same watch is around $11k. I have used the purchased price for my net worth calculations.
I guess I am not doing too badly but not great too.
Good news is that I can pay off my housing and car loans anytime.
Not so good news is that I am still a far cry from my retirement plan.
Work hard JASS. Work hard.