Quote:
Originally Posted by Unregistered
Ok, what do you need to be convinced. I can provide as much info as possible as long as it doesn't compromise my anonymity.
Age: 39, 37
Work: both in financial industry, in a support function (so not your banker, salesperson, trader etc)
Total income: $509K, $230K (I didn't say I earned $740K, I said "We")
Residence: 5rm HDB, our first property and lived for 14 years.
Car: 6-yr MPV (red-plated as we work downtown and don't drive to work. Use the car only on weekends to ferry kids).
Income tax for FY2014: $44.5K, $1.7K cos of working mothers' tax relief, SRS, CPF top-up etc.
Savings: $1.7m (adding around $300K per year not counting investment returns, as I mentioned we save 65% of MONTHLY income plus whatever is left over from spending the bonus)
Networth: $4.3m at end 2013.
Agree we are in a good position but as I said, I know of many people of my age who are much better financially. So I learn not to compare, but am really sincere in learning from the forumers here to increase my wealth and financial knowledge. tks. |
Taking a break from CNY cleaning to look at past postings.
I'm the guy labeled as "3937" in 2014 (which is my and wifey's age then).
Just to share an update of my financial situation:
Age: 44, 42
Work: both STILL in financial industry, STILL in a support function (so not your banker, salesperson, trader etc)
Total income: $760K, $250K
Residence: Leasehold terrace, our home for last 3.5 years. STILL holds a 5rm
HDB, our first property and lived there for 14 years till 2015.
Car: New Conti ride.
Income tax for FY2018: $115K, $11K (wife's tax bill significantly increased from 2014 cos of $80k cap on reliefs).
Savings: $3.6m (adding around $650K per year not counting investment returns, as I mentioned we save 45% of MONTHLY income plus whatever is left over from spending the bonus)
Networth: $7.3m at end 2018.