What’s my Net worth?
A few days back I was looking at the data of HNI in India. For the uninitiated, HNI is High Net worth Individuals. Basically all the people who pay the highest Income tax in the country which directly means the elite cream class whose earnings per year can rob the day lights from any one of us! Like the very successful Mr. Rakesh Jhunjhunwala said “Money is the harsh reality of life. Some love it, some die for it, some use it well, some waste it, some fight over it, but most people only desire it!” Somehow this word ‘Net worth’ set me thinking, what is my net worth? In terms of accounting after you remove all the liabilities /debts, whatever money you are left with is your net worth. So if I earn Rs. 5,00,000 per year and I need to pay a loan of Rs. 3,00,000 then my net worth is Rs. 2,00,000 ..As simple as that! How much is my life worth? Can I put a number to it? While I do not have any impressive numbers to speak about, it took me in to an ‘Accounting’ mode. What would be my Net