Posted by braveang > 2017-05-03 10:14 | Report Abuse

how do we measure the value of 身家, is it also including house( even for own stay), car and etc, or it is mainly cash $ in bank? Please advise, Thanks

Posted by Wealth_seeker > 2017-05-03 11:11 | Report Abuse

Braveang, here is your referance

your assets
house (bought price) + Car (bought price) + Cash + FD + EPF + insurance investments + stocks current value + funds current value

your liabilities
House loans (outsandings) + Car loans (outstandins) + personal loans + study loans + Credit card loans + any borrowings

of course, if your are expert enough, you can do appreciation, armotization, and depreciation value for your assets. This is just a simple estimation

Posted by braveang > 2017-05-03 11:29 | Report Abuse

Hi Wealth_Seeker,

Thank you for your explanation. your article is great and informative.

Posted by noobnnew > 2017-05-03 13:43 | Report Abuse

Unrealistic. Let's say a fresh graduate can earn RM 3k/month. Yearly net income will be RM36k.

According to your formula, he should have RM86,400. Do you think it is possible?

Posted by Wealth_seeker > 2017-05-03 14:00 | Report Abuse

Hi noobnnew, can't agree with you more. However, that book's formula is just a simple guidance. Preferance is upon our choices. Personally I think this formula should be applied on those who work for at least 5 years and above.

Posted by ignasio > 2017-05-03 14:12 | Report Abuse

good sharing

Posted by speakup > 2017-05-04 11:23 | Report Abuse

najeeb is wealthy