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? |
Hi, you are doing better than us. My wife and I are in our mid 50s. I'm the sole breadwinner earning $150k pa. We live in a 5 room flat bought many years ago and it is fully paid. We just bought a new car to replace our old car. We used up our savings to pay for the car in full. Since you own a condo and car and is debt free, you are actually very fortunate. I know of people staying in condos but still have big loans to pay. Some bought landed properties thinking that they have jobs till their old age.