How Much Are You Worth ?

Just calculate your net worth! Your net worth means your actual wealth or net assets. It can be taken as the amount of money remaining after all the assets are sold and all liabilities are fully paid-up. If your net worth is less than zero, your family is in financial danger. Constant checks against this value will give a pretty good picture of your financial health.

                                        

One of the ways some people become rich was by increasing and multiplying their net worth. The basic idea here is to accumulate assets (like property) and reduce liabilities (like loans).

So what are assets?
Assets are things that you own, including cash in hand, bank savings, fixed deposits, shares, unit trusts, cars, property, EPF contributions, etc.
Here is a twist... Your house or car does not fully belong to you until you have settled repaying the loan.

What are liabilities?
Liabilities are monies owned by you to others, in other words, your debts. If your house is purchased using a bank loan, then the amount of the loan becomes your liability. When you charged a purchase to your credit card and the amount is not fully paid-up, then you have incurred a liability. Where you stand as of today in terms of your financial health is indicated by your net worth: 

  NET WORTH = ASSETS - LIABILITIES  

Your net worth can change through time. If you have just started out in your career, your net worth will probably be small due to commitments to a car or study loan.

As you grow older, having repaid your commitments and accumulated more assets, like your house, your net  worth will increase substantially. Many years later when your children need money for their university, some assets may be disposed off to fund their education, thereby reducing your net worth. So, calculate your price today to avoid experiencing poor financial health in future. 

-SMART START

                                       BIG MOUTHS                                    

   Tim liked to run. He was thin and short, and not very fast. But Tim worked at it, running to and from school, and doing hard work after school each day.

   The school was planning a very long run for all of the students, with a special award for the winner. Students and teachers were all talking about who would win the run. 

   Some of the big boys talked about how fast they were, and other students believed that one of the big boys would win.

   One the day of the run, Tim was one of the last runners to the first drink stop. But by the second stop, many of the big, fast runners were dropping out of the run. They were all talk and very little action.

   When the other runners slowed down, Tim moved forward, toward he front of the group.

    In the end, Tim was the winner because he worked hard when others were talking. This is an important truth to learn for a good life.

Don't seek, don't search, don't knock, don't demand - relax.. If you relax, it comes.If you relax it is there. If you relax you start vibrating with it.

If you can dream it, then you can achieve it.
You will get all you want in life if you help enough other people get what they want.
                                                                                                                             - zig zigler

Money isn't the most important thing in life but it's reasonably close to oxygen on the " gotta have it " scale.
                                                                                                                                - zig ziglar

 TRAIN WHICH TRAVELS 10 800 KM/H

Socrates, a great genius who lived in Greece 2000 years ago has said that you can do wonders if you know yourself.

Have you ever travelled by a train which travels with the speed of 10 800 km/h. Believe me my friend, you are always travelling by a train at such speed. Yes... That train is our mother earth.

 You know that earth is a part of the Solar System which is a small piece in the Universe which contains several thousand crores of Galaxies. When compared to the infinite size of the Universe the size of the human being seems impact negligible size but the power of man is unique in the Universe.

Scientists have calculated that the Sun, the Earth and other planets of the Solar System were formed 4600 million years ago. The first living creature i.e. single celled bacterium emerged on our earth around 4000 million years ago. Then multicellular organisms, plants and animals evolved from Apes some 100 thousands years ago. Primitive man entered civilized societies some 10 000 years ago.

                     

Over these 100 000 years, the human brain has developed into the most complex organ in the world. Can you believe that we are using only an average of less than 1% of our brain's ability to remember things. Just think how much more room left over in the 99% of our brain....!!!

   

- GENIUS KIT series 1