One key aspect of understanding your personal finances is understanding the concept of net worth. Over the years, Singapore has been prospering economically and Singapore households have benefited from this growth to accumulate fairly substantial net wealth in the form of financial and non-financial assets. Source: Giphy Data from the Singapore Department of Statistics (DOS) demonstrates this, as private properties long the domain of the rich is the biggest and most important component of household wealth in Singapore. In addition to providing insight into what Singaporean households’ wealth looks like that will help you understand the concept of net worth better; there are some key personal finance lessons you can take away from this. Here’s what you need to know. TL;DR: Singapore Households Investment Portfolio Source: Singapore Department of Statistics | Household Sector Balance Sheet (Assets) First Quarter (Q1) 2021 *CPF refers to the total amount due to members (net of withdrawals). Figures may not add up due to rounding....