In this post, I am going to talk more on the previous post on “Benchmark your net worth” (you can read the previous post here). Well, I believe most of us know that our net worth is the result of our financial assets minus our financial liabilities. For many Singaporeans, the financial liabilities (not counting credit) will be our housing mortgage loans. I think some Singaporeans will think that by paying off their mortgage loans, their net worth will increase since they have reduced or pay off their financial liabilities. Well, I am not sure whether they will be surprised that the actual result to the above scenario is that their financial net worth actually remains the same as they have at the same time reduce their assets by the same amount. According to Robert T. Kiyosaki, one of my favorite authors of financial books, one of the best ......