02 Apr '12, 1pm

Understanding Asset and Liability (3)

Read? Understanding Asset and Liability (2) Read? The place of residence you bought is not an asset? Interesting question to think about. Right? The international standard of computing our net worth is to exclude the value of our residential home as an asset and there is obvious reason to do that. I don’t think the international standard don’t suka suka exclude it. In Toa Payoh Central, there will be many more 5 rooms HDB millionaires if they are to include the value of their HDB flats as part of their net worth. But, how much of these folks will begin to live and feel like millionaire if most of their assets come from the worth of their million dollars HDB flat? How many of these “millionaire” can fire their boss tomorrow if they can’t tahan their boss anymore? These “millionaires” may be sitting on Gold mine; but without extracting the … Read the full article → Related p...

Full article: http://thefinance.sg/2012/04/02/understanding-asset-and-l...

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