Quote:
Originally Posted by Unregistered
We are both working professionals, 48/49 years old. Our combined income is $200k pa. We live in a luxury condo worth $1.5m, fully paid. Our other assets is worth $500k. Our total net worth is $2m. Based on your theory, we are in the lower middle class group.
Is this correct? If what you say is correct, then 95% of Singaporeans are poor and destitute.
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Just be contented with what you have. Why care about what class u r in? Is this class group endorse by the govt or some renown group like Forbes?
A lot of postings here are full of crap and ********. Anyway when you go to banks or when u plan to migrate overseas, your property is never taken into consideration when counting your wealth. This is becoz your property is not liquid UNLESS you sold them away and cover them into cash.
Btw 48/49 earning combining $200k pa is very impressive and if you got kids, you are very successful.