Whats your net worth

Originally Posted by Unregistered

Passive income. Interesting.

The easy ones are:
- rental
- high-yield blue chip stocks

The hard ones are:
- businesses (as sleeping partner)
- products (royalties from books, software, mobile apps)

Even the easy ones are already quite unachievable for most people.

Best Businesses

1. Start a MLM and get goondus to be your downlines.

2. Conduct Forex or Stock Trading seminars. Advertise in New Paper with "I Earned 5 Million in 7 days!"

3. Write "inspirational books" and get goodus to buy e.g. How To Unlock Your Potential Within or Leadership: The Golden Rules.

Originally Posted by Unregistered

Best Businesses

1. Start a MLM and get goondus to be your downlines.

2. Conduct Forex or Stock Trading seminars. Advertise in New Paper with "I Earned 5 Million in 7 days!"

3. Write "inspirational books" and get goodus to buy e.g. How To Unlock Your Potential Within or Leadership: The Golden Rules.

Nice ideas, though a little unethical, but who cares.

For (2), it's not passive income because you're selling your time, spending time teaching the goondus. Once you stop teaching, you don't make money, unless you manage to con them to subscribe to your secret forex trading portal.

40 years old couple

combined net worth only $1m

hdb flat fully paid. now worth $500K
cpf, cash, shares and bonds now worth $500K

we are just average sporeans

there are so many rich people in this forum. amazing.

Originally Posted by Unregistered

40 years old couple

combined net worth only $1m

hdb flat fully paid. now worth $500K
cpf, cash, shares and bonds now worth $500K

we are just average sporeans

there are so many rich people in this forum. amazing.

You're a millionaire couple. Not bad at all.

Originally Posted by Unregistered

Passive income. Interesting.

The easy ones are:
- rental
- high-yield blue chip stocks

The hard ones are:
- businesses (as sleeping partner)
- products (royalties from books, software, mobile apps)

Even the easy ones are already quite unachievable for most people.

For me, from 62, I expect $2,000/m from CPF Life (for both me and my wife) and $2,000/m from both our SRS. So, not too bad $4,000/m in our retirement... The Govt has planned this well....

Originally Posted by Unregistered

For me, from 62, I expect $2,000/m from CPF Life (for both me and my wife) and $2,000/m from both our SRS. So, not too bad $4,000/m in our retirement... The Govt has planned this well....

only 4k?

paying up 2 studio apartments will give you rental income of more than that. and when you tire of collecting rent, you can sell the apartments for a couple of millions.

and CPF is subject to policy risk. the government may one day decree that retirement age is 88! our MM Lee still works when he's 88! you may not get the chance to enjoy your CPF. i don't count the money when i don't see it in my hands.

I own 3 properties, one landed own stay and the other 2 are investment properties (studio units for rent).

I'm just an average Singaporean

am i doing ok?

Originally Posted by average singaporean

I own 3 properties, one landed own stay and the other 2 are investment properties (studio units for rent).

I'm just an average Singaporean

am i doing ok?

Yup, you are just an average Singaporean but still ok as long as you still have a roof under you.

To be above the top average, you have to work harder.

[Hermit]

Originally Posted by average singaporean

I own 3 properties, one landed own stay and the other 2 are investment properties (studio units for rent).

I'm just an average Singaporean

am i doing ok?

Hard for the rest of us to judge with so little information. "Doing ok" is also very subjective. "Average Singaporean" also very subjective. I also feel that I am an average Singaporean. But you and I might be very different in expectation.

[dun_waste_time]

Originally Posted by Unregistered

Yup, you are just an average Singaporean but still ok as long as you still have a roof under you.

To be above the top average, you have to work harder.

Looking at statistics, only about 5% of Singaporeans live in a Landed property, you are well above average..