Originally Posted by Unregistered

I make an annual income of $55k pa, saves $17k pa. Spending $38k pa.
Wife makes an annual income of $50k pa, saves $20k pa. Spending $30k pa.
Total income, $105k pa. Total spending, $68k pa. Total saving, $37k pa.
In 20 years time, our new savings will be $740k.
Our flat is now worth $700k. In 20 years time, it will be $900k and it will be paid up.
In 20 years time our net worth will be = $740k + $900k + $400k = $1.24 mil.