Born and bred Singaporean
Age: 63 (gonna retire at 65)
Income from job: 600k+ (300k+ salary + 200-300k bonus from stock options+ cash bonus)
Job: Works for a Fortune 10 MNC as a mid to senior level exec. Worked in the same company for 35+ years.
Current House: 8000+ sq ft freehold bungalow in Buikit Timah. Bought in 2001 for 3M+ (~$400 per sq ft). Spent 1M+ to rebuild. Should be worth 10M+ today based on $1300 per sq ft.
Cars: 3 cars at home. Paid for with cash
Other properties:
1) 3000+ sq ft freehold semi-d in bukit timah. Bought in the 80s for $450k. Should be worth 4M+ today based on ~$1300 per sq ft. Rebuilt the house in 2000.
2) 2500+ sq freehold condo in bukit timah. Bought in 2010 at 2k+ per sq ft(4M+). Still under construction. Only paid 30% of it to date. Will pay the rest with my cash savings.
Cash: 5M+ in the bank
Stocks: ~500k
Passive income: 168k a year from the rental of my semi-d
Debt: Nil.
Family: Wife in her 60s too. Retired 10 years ago. Kids are in their 20s and working now.
Not a big spender. Save over 70% of my money every month.
Last edited by oldman; 04-12-2011 at 02:14 PM.
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