Many people nowadays are mesmerized by their net worth.

**Net worth is the value of all assets, minus the total of all
liabilities.**

In other words, net worth is what is owned minus what is
owed. Simple.

Basically, the typical liabilities of Singaporean are either
mortgage loan or car loan or both. That’s all about it or at least these are
the two big ticket items.

Hence, I also keen to join the hype and calculate our
net worth too!

What’s our liabilities? Mortgage loan and car loan la! See, it’s very common. I just told you! :)

As of today (October 11, 2021), we still have a private home
mortgage loan (liabilities) of S$856,612, car loan (liabilities) of S$64,033.** In
total, net liabilities of S$920,645**. Nice. :(

You can obtain your **monthly properties market value update **from SRX. It is a very good information. We have cleared the HDB mortgage loan.

The 4-room HDB flat has a **market
value of S$484,000**, hence, that’s one of our good asset that generates a**
monthly passive income of S$2,150** (since 5 years ago).

The 4-bedrooms private property has a** market value of S$1,630,000**.

As for the car, even it has a liability of S$64,033, it also has
an** "asset value" of at least S$14,500**. That is my **car scrap value** if I have to
continue to drive the same car for **another 9 years until the entire 10 years
COE is expired.** That says I will **get back this value of S$14,500 in October 2029**.

Not too
bad la. **It is a fun car to drive.**

*, we stand to have a*

**3 biggest assets calculation****net worth of S$1.207 million**.

**CPF balances (S$755,571 as of August 2021).**

**The net worth for a couple can be S$4+millions.**