Whats your net worth

[neatpeach]

Age:25
Occupation: Civil Servant
Stocks & Unit Trusts: $10k
Cash: $50K
Loans: 0
Income: $60k per year
CPF: $27K

38 and 40 yr old couple
Own
Private properties and hdb value 3.8 mil
Loan 1.5 mil
Cpf, cash 410k

Net worth 2.7 mil
Working towards consolidating debt and increase passive income

Originally Posted by Unregistered

Here's our assets (mid 40s married couple with two kids)

Paid up HDB executive flat valued at $700k
Paid up old car with current market value of $50k
Debt free.
CPF $400k
Cash $60k
Total net worth $1.21m

How are we doing? How should we prepare for retirement?

you both doing good. you can retire by:

1. opt for the CPF min sum of $241,500 at 55 for both of you. you will each get $1750 pm or $3500 pm as a couple from CPF Life

2. each child gives you $1k pm so if you have 2 children, you get $2k pm

3. rent out your two spare rooms at $1k pm for each room. you get $2k pm

Your passive income is $7,500 pm

Aussie retirees advised to move to Malaysia

Mar 6, 2015

Two book authors have advised retirees from Australia to move to Malaysia since the country offers retirement visas, good health care and lower cost of living.

Colleen Ryan and Stephen Wyatt are authors of the book “Sell Up, Pack Up and Take Off” which discusses how retirees from Australia can live comfortably for less in Europe and Asia.

In an article in The Age, they compared the cost of living between Sydney and Penang based on user-generated cost-of-living statistics website Numbeo.com.

They noted that consumer prices in Penang are 54 percent lower than in Sydney, while groceries, restaurant prices and rents are 50 percent, 65 percent and 85 percent lower respectively in the Malaysian state.

“Malaysia and Thailand are the standout retirement destinations for healthcare, with excellent medical facilities,” wrote Wyatt and Ryan in the article titled “Stretched? Try calling Asia home”.

“Indonesia, Malaysia, Thailand and the Philippines offer retirement visas. Malaysia and the Philippines represent the gold standard in visas. A Malaysia My Second Home visa will provide a 10-year visa,” stated the authors.

In Malaysia, Australian retirees can also receive the age pension, said Wyatt and Ryan.

Recently, Malaysia was listed as one of the top five retirement destinations by International Living in its 2014 Global Retirement Index.

In January, it was reported that the country was also ranked first among Asian retirement destinations as it offered low cost of living and high quality of life.

Malaysia’s Tourism Ministry launched the Malaysia My Second Home (MM2H) programme to provide services to expatriates looking to invest or retire in Malaysia, like visa permit applications, property sourcing and even domestic worker applications.

Originally Posted by Unregistered

38 and 40 yr old couple
Own
Private properties and hdb value 3.8 mil
Loan 1.5 mil
Cpf, cash 410k

Net worth 2.7 mil
Working towards consolidating debt and increase passive income

You can retire now in Malaysia

Your net net worth when converted to RM is RM7m !!!!! You're a multi millionaire !!!!!!

Originally Posted by Unregistered

You can retire now in Malaysia

Your net net worth when converted to RM is RM7m !!!!! You're a multi millionaire !!!!!!

Sure, and why is it so cheap to retire in M'sia? LoLLL

BTW, leave yr HP tel here for potential clients to contact you. LOLLLL

50, 51, couple, income $168k pa combined.
We bought our current condo in 2005 at $900k, now it is worth $1.7m. Paid off the mortgage.
Our cash & CPF $600k in total
Total net worth $2.3m

Our retirement plan

CPF Life at 65, $1900 pm x 2 = $3800 =$45.6k pa
Sell condo and downgrade to smaller condo. Raise cash $1m (including savings)
Invest $1m cash in blue chips with 5% dividend yield $50k pa
Allowance from children ($500 pm x 2 kids) = $1k pm or $12k pa
Total passive income $107,600 pa or $8,966 pm

Originally Posted by Unregistered

50, 51, couple, income $168k pa combined.
We bought our current condo in 2005 at $900k, now it is worth $1.7m. Paid off the mortgage.
Our cash & CPF $600k in total
Total net worth $2.3m

Our retirement plan

CPF Life at 65, $1900 pm x 2 = $3800 =$45.6k pa
Sell condo and downgrade to smaller condo. Raise cash $1m (including savings)
Invest $1m cash in blue chips with 5% dividend yield $50k pa
Allowance from children ($500 pm x 2 kids) = $1k pm or $12k pa
Total passive income $107,600 pa or $8,966 pm

Just hope this is a genuine post and if so, clap clap.....

Originally Posted by Unregistered

50, 51, couple, income $168k pa combined.
We bought our current condo in 2005 at $900k, now it is worth $1.7m. Paid off the mortgage.
Our cash & CPF $600k in total
Total net worth $2.3m

Our retirement plan

CPF Life at 65, $1900 pm x 2 = $3800 =$45.6k pa
Sell condo and downgrade to smaller condo. Raise cash $1m (including savings)
Invest $1m cash in blue chips with 5% dividend yield $50k pa
Allowance from children ($500 pm x 2 kids) = $1k pm or $12k pa
Total passive income $107,600 pa or $8,966 pm

Why do so people assume that their children will only give them allowance of $500?
Why not $1000, $2000??

Make this forum more credible and informative rather than the same old story over and over.
So stale.

Originally Posted by Unregistered

Why do so people assume that their children will only give them allowance of $500?
Why not $1000, $2000??

Make this forum more credible and informative rather than the same old story over and over.
So stale.

I think they are just being conservative. We all have heard stories of unfilial children. Even though they are rich and live in luxury, they send their old parents to old folks homes.