Whats your net worth - Page 111 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Whats your net worth

Reply
 
Thread Tools
  #1101 (permalink)  
Old 26-06-2013, 10:51 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
is yours including your wife?

i'm 37 as well, wife 35. our net worth is $2.7M (including home)
no, luckily my wife come from rich family, so she has a lot of passive income for her own spending.

Reply With Quote
  #1102 (permalink)  
Old 26-06-2013, 12:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks for your well wishes. Yes, I have fought many corporate battles for the past 30 years. I got hurt countless times, but managed to continue fighting. Now, I still can feel the deep pain, time for me to heal my soul. You are still young, fight you must but fight well and fair. Don't ever be evil, you will regret if you do evil to others. Lastly, invest in a Singapore property - it is a valuable asset which will appreciate in the long run. All the best to you, young man.
Thank you sir!

Reply With Quote
  #1103 (permalink)  
Old 26-06-2013, 01:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Age:46
Occupation: single income in ship brokerage
Property: $5.5m (3 properties, one houses parents, other is rented)
Stocks & Unit Trusts: $6.9m
Cash: $600K
Loans: $2.5m (both property and margin financing)
Income: $500K+ & $400K of passive income from rental, interest & dividends

Reply With Quote
  #1104 (permalink)  
Old 26-06-2013, 04:08 PM
Unregistered
Guest
 
Posts: n/a
Default

41, business owner.
Annual salary: $900k.
Owns 2 bungalows and 3 condos.
Net worth: Only $20m.
Target net worth before retiring: $50m.
Need to work harder.
Reply With Quote
  #1105 (permalink)  
Old 26-06-2013, 06:35 PM
Unregistered
Guest
 
Posts: n/a
Default

You make me feel very small :-( my wife and I only have one property, our 4 room HDB flat which is about $450k. Our other assets and cash only $200k. We are both 48. Our salary together only $70k a year. How can we retire? What business can we do to be rich like you?

Quote:
Originally Posted by Unregistered View Post
41, business owner.
Annual salary: $900k.
Owns 2 bungalows and 3 condos.
Net worth: Only $20m.
Target net worth before retiring: $50m.
Need to work harder.
Reply With Quote
  #1106 (permalink)  
Old 27-06-2013, 07:41 AM
Unregistered
Guest
 
Posts: n/a
Default

What about your CPF savings? If you can meet the minimum when you are 55 you can at least look forward to some payout when you are 65. The minimum sum by this July 2013 will be $148k. In 7 yrs time when you hit 55, it could be raised to $250k possibly. With that, you can expect $2k payout each month or $4k total with your wife. This plus contribution from your children, you can retire. Just have to live simply.


Quote:
Originally Posted by Unregistered View Post
You make me feel very small :-( my wife and I only have one property, our 4 room HDB flat which is about $450k. Our other assets and cash only $200k. We are both 48. Our salary together only $70k a year. How can we retire? What business can we do to be rich like you?
Reply With Quote

  #1107 (permalink)  
Old 27-06-2013, 09:41 AM
Unregistered
Guest
 
Posts: n/a
Default

32, financial analyst
Annual salary: $240k.
Owns 1 condo for staying and 1 for investment and other public securities
Net worth: Only $2.3m.
Target net worth before retiring: $10m at 40 yrs old
Reply With Quote
  #1108 (permalink)  
Old 27-06-2013, 12:00 PM
Unregistered
Guest
 
Posts: n/a
Default

44, poor landlord. Very stressful job, every month collect rent. Need to travel to ATM to withdraw rent for monthly expenses. Need to read lots of news to keep updated on property and economic market trends and developments. Earns only $72k per year. Owns only 3 condos, staying in one of them.
Reply With Quote
  #1109 (permalink)  
Old 27-06-2013, 02:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
44, poor landlord. Very stressful job, every month collect rent. Need to travel to ATM to withdraw rent for monthly expenses. Need to read lots of news to keep updated on property and economic market trends and developments. Earns only $72k per year. Owns only 3 condos, staying in one of them.
thats pathetic....

44 already and only own 3 condos? better work harder
Reply With Quote
  #1110 (permalink)  
Old 27-06-2013, 04:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
thats pathetic....

44 already and only own 3 condos? better work harder
Yes, you have to work harder. I'm only 38 and I already own 5 condos. By 44, I should own 6 condos. By 65, i will own 10 condos. Then i can retire, hopefully I'm not dead by then. You need at least $20 mil to retire comfortably.
Reply With Quote
Reply

Bookmarks

Tags
net wealth, net worth, networth

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 16 23-09-2023 10:41 PM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 03:35 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,309 Replies, 4,983,058 Views
Lawyer Salary ( 1 2 3... Last Page)
21,014 Replies, 10,329,030 Views
GovTech ( 1 2 3... Last Page)
5,161 Replies, 2,163,434 Views
Career as Teacher ( 1 2 3... Last Page)
10,833 Replies, 6,665,744 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,801 Replies, 1,043,969 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,285 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,563 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,588 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,396 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,369 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,711 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,005 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,770,202 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,454,916 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,113 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,905 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,804 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,017 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,380 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,552 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,182 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,473 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,561 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,454 Views
MX12 reappointed at MX11
8 Replies, 810 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,511 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,069 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,963 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,580 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,279 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:47 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2