How Rich Are You?

People often count wealth by calculating money or goods. Sadly many so-called wealthy people got bankrupt because they cannot pay their loan.

Another way to calculate is to count net worth. This calculates all assets minus all liabilities. This is better than that of first method. But it doesn't tell how long the owner will survive if he stops getting paid.

This is the popular concept of financial freedom. Wealth is counted against time after there is no salary.

Now try to calculate your present wealth. Use it as an indicator where your position is financially. Be alerted if your wealth is only worth a few months or even minus.

Wealth Calculation

You need to know your salary and your passive income. Your salary is an income earned from your labor work. Your passive income comes from your asset. For example, your net income from your rental property is your passive income.

Take approximation about your asset and your liabilities. The difference between your house and your property is that your house is the one you live while your property is the one you rent out.

Shares includes publicly-traded stocks and your private shares in corporations. Financial account is your pool of wealth in mutual fund, trading account, etc. While pension fund is current value of your future pension fund.

Calculation Table

Use only numeric except your names. Don't input text or thousand separator. Use dot for decimal. Use same currency of your choice. If you are not sure about a field, leave it zero (see default examples).