In my previous article Learn the First Important Steps to Achieve Financial Freedom, i wrote about financial stability, financial security and financial freedom. Most of the calculation formula is base on cash flow and income, it did not present the technique for one to measure how success are you or the financial position you are in for a particular time. Calculating net worth on the other hand, provide you a snap shot of how well (or bad), you have been doing, in financial statement counterpart, it’s like the balance sheet of our financial except net worth is more like a score. [...]
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Have you read How Not To Become Millionaire? The moment Johnny chose to enroll into the private university, he has been placed onto high roller of debt and consumption. The average tuition fee of private universities is few times higher than those of public university. His peers, most of them are from rich and wealthy families [...] Up till recently only i realized the only condominium unit i own and rented out is still a liability instead of an asset. [...] |
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