If you want to be ahead in your finances, you certainly need to plan for it and be organized. First and foremost, you must calculate your net worth. This is the most important starting point. Your net worth is the grand total of your assets minus your liabilities. It is a very useful tool to measure your financial progress. In determining your net worth, you need the financial information concerning all the things that you own and the debts that you owe.
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After spending many years examining the traits of millionaires (most of them not born into rich families by the way), I'm able to draw some crucial insights on why successful people are where they are today. A very important trait is the mindset of the person. Millionaires have positive mindsets and they use positive vocabularies. It is this kind of mindset that can determine one's destiny - whether that person will be moving on to be rich and successful, or will be constantly struggling financially and remain broke.
According to the Monetary Authority of Singapore, more than 7.5 million credit cards (including supplementary cards linked to the principal cardholder's cards) were issued in Singapore in 2010. With market experts estimating eligible cardholders to be around 1 million, that would work out to each eligible cardholder owning 6 to 7 credit cards.
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