Posts tagged ‘net worth’

Are You Richer Than the Average Filipino?

Published: January 16, 2017 | In Focus, Personal Finance | 2 Comments

According to Credit Suisse’s Global Wealth Databook 2016, a Filipino adult has an average net worth of $9,878 in 2016. Using 1 USD = PHP 50 as exchange rate, that converts to a net worth of P493,900. This means that if you own a car or a real estate property, then you’re most probably richer […]

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How To Know If You’re Financially Stable

Updated: January 18, 2018 | Personal Finance | 7 Comments

How do you know if you’re financially stable? If you have a high-paying job, does it automatically mean that you are? What if you own a house and drive your own car, would you say that you are financially stable already? For many, that’s how they define financial stability – and sadly, this is wrong. […]

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How To Make A Personal Statement Of Assets And Liabilities To Calculate Your Net Worth

Updated: July 28, 2017 | Personal Finance | 27 Comments

One of the best ways to see how financially healthy you are is to calculate your net worth. You do this by preparing a personal statement of assets and liabilities. This means determining the value of everything you own, getting the amount of all your debts and then computing the difference between the two. In […]

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