Sure got hope. Your net worth (excluding flat) is now 840k, not 660k. Since you save 110k pa, in 30 years you will have 3.3m additional savings. So your net worth, excluding your flat will be 4.14m by the time you retire. his is definitely adequate for your retirement.
Quote:
Originally Posted by Unregistered
husband 40 wife 36
income ~220k pa
expenses ~110k pa
drive 5yr old jap car, COE expiring 2019, fully paid up
live in HDB 5 room, worth 700k, with 180k mortgage remaining
co-own very small private rental property, worth 400k, fully paid up
cash+ CPF ~400k
stocks ~40k
based on above, net worth 1.36m, real net worth not counting HDB is only 660k.
used to think "I've made it", but now putting these figures down online, feel so small - worse after comparing against what some others have listed here. *truly humbled* - need to work harder/smarter.
any advice/words of wisdom, please? |