what's your net worth??
is there a subject where you have studied in school, but you think it had not add any values to your life?
well, i used to thing that accounting is the only subject. but if i never studied that, i would not have come across the term, "balance sheet". what more, understands it.
balance sheet can be used to measure a company's net worth;
i.e.; net assets - net liabilities = net worth
now, with the same concept, u can measure your own net worth (tangible terms). it can make you smile, it can make you cry. it can make you ponder.
still blur? add up all your assets (fixed deposits, vehicles, bank balance etc), deduct your liabilities (amount owing to mum / frens etc. study loan, car loan, installment plans etc)
girls beware, a man who drives a luxury car and swipes his cards generously not neccessarily means he's rich
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