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Old 07-02-2015, 06:41 PM
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Originally Posted by Unregistered View Post
That's great. Do you mind sharing the breakdown of your combined net worth by items?

Home equity of HDB flat $
Home equity of condo $
CPF savings $
Cash savings $
Stocks $
Cars $
Others $
The breakdown is good to judge your financial standing.
Are you asset rich but cash strapped?
Are your assets income generating or draining?
Do you have to lower your standard of living when you retire?
How much do you intend to spend for your children's education?
Do you intend to lend a helping hand for your children purchase of first car or property when they start their family?
Not providing a helping hand means unlikely they will provide financial assistance when you get old.
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