Quote:
Originally Posted by Unregistered
50/ 52 middle income couple, annual income $180k pa. Saves $50k pa.
Bought our condo in 2003 at $600k, now paid up and worth $1.2m.
Own a one year old car, paid up. Current market value $100k.
Cash and CPF savings in total $500k.
Total net worth $1.8m.
How do we fare when compared to our peers? |
It does not matter how you fare among your peers. As long as you own a condo and a car in Singapore, you are considered blessed and lucky. Only about 15% of Singaporeans own and live in a condo. What's more, you have no more loans on both your condo and car. This is a big achievement in Singapore's context. So tell yourself that you have made it good in Singapore. You have achieved the Singapore Dream!