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7 Common Money Mistakes To AvoidDoes the above statement sound familiar? If you ask around, you are sure to find at least one person you know, who share the same sentiments as Mrs. Chong. If you are thinking of improving your financial health, first, you need to be able to recognize your financial mistakes so that you can learn not to repeat them. Financial Health & You - Money Check Up anyone?Everyone has limited energy, which of course means that it would be impossible for us to carry on generating income by holding on to a job throughout our lifespan. When age of retirement comes knocking on the front door, many have no choice but to succumb to the fact that they need to leave the comforts of their workplace, even though they feel they still have the strength to carry on. As most people retire at the age of 55, we need to consider how to sustain the demands of our daily lives for another 20 years as most of us, God willing, will carry on to live till the ripe old age of 75 (based on certain reports that state that an average Malaysian can live up to the age of 75). Determining your net worthThis article will look at how to determine your net worth. In order to compute the net worth of your assets, you need to know the two main components in deriving your net worth:
What are assets and liabilities? An asset in simple terms, is something you own whereas a liability is something that you owe. |
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