Quote:
Originally Posted by EC73
My humble net worth as below:-
My wife and I cash savings: $300,000
Wife and I investment: $160,000
Both CPF (OA, SA, MS): $500,000
5 Room flat bought at $245,000 in 2003 without gov grant, now worth: $600,000 (fully paid since 2007)
Toyota left 1.5 years of driving duration (fully paid, since 2006)
This net worth is excluding our living policy, medical, term insurances. |
In 20 years time, you would have saved more and your investments may also appreciate. Your flat value is uncertain due to the huge oversupply, price will surely fall and then recover a bit. It may be valued at only $700k in 2034. But I think your net worth can reach $2m by the time you retire in 2034. With $2m, you can retire like a rich tycoon in Chiang Mai. Don't forget to invite us to your big mansion there!