Self test your financial status

in #financial7 years ago
  1. Know how much your family member earn in a year
    Ex) Husband: $30000, Wife: $40000

  2. Multiply the earning by each of the family members’ age
    Ex) If the age of husband is 40, then 40*$30000

  3. Add the above result
    Ex) 40$30000 + 39(wife’s age)$40000

  4. Now, divide it with 10
    Ex) (4030000+3940000) / 10

  5. Final step. Compare the number with your net asset

  • Net asset means asset minus debt
  • If the number is twice larger than your net asset, you have high probability of getting rich
  • If the number is below 50%, be alarmed. You could be broken in years.
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