Adding Net Property Value To Your Savings

A net property value statement is a financial scorecard that can usually be used to assess your financial position. This can be a reference point when making financial decisions and disclosing your property (assets) and debt liabilities (liabilities).

Assets include cash, savings, real estate, unit trusts, and company shares, while liabilities
include all types of loans, whether bank debt (including credit card debt), family or friend debts, rent payments, and utility bills.

You can boost the value of your net property by using a budget and cost tracking system. A budget can help control your spending. As a result, it allows you to invest in and gather
resources to boost the value of your net property.

Reducing costs and increasing savings is the key to enhancing net property value.

How To Calculate Net Property Value

STEP 1 – LIST THE VALUABLES ITEM YOU HAVE

Cash and
similar items,
such as fixed
deposits and
fixed deposit
accounts

Investments
such as shares,
bonds, and unit
trust funds

Retirement
funds such as
EPF and
personal
accounts

Real estate,
including
homes,
apartments, and
land

Personal
belongings that
can be sold,
including
jewelry made
of gold bars,
artwork, and
antique

STEP 2 – EXPAND YOUR ASSETS

STEP 3 – LIST ALL YOUR DEBTS WITH OTHERS

Loans including
educational
loans, loans
from the bank,
and others

Credit card
balance

Taxes payable
such as
property tax and
income tax

Debts to
relatives,
friends, and
other people

Settlement
balance for
consumer
goods such as
televisions or
furniture

Step 4 – SUM UP YOUR LIABILITY

STEP 5 – ASSET MINUS LIABILITY

Congratulations if the answer is positive. You have to plan how to increase the value of your
net property. If the answer is negative, try not to be frustrated because there are still things
you can do to improve your situation



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