Quote:
Originally Posted by Unregistered
problem is not just here or online. even offline is the same.
those who do well tend to flaunt, take part in social events, post facebook/twittter & talk big while those not doing very well either avoid or keep quiet & smile. when in doubt always check verified gov or 3rd party studies.
one good e.g. is networth. if u read the networth/savings thread over here, almost everyone is claiming to be >$1mil in their mid 30s, but if u read the credit suisse study it says only 1 in 9.5 here is a millionaire. the median net worth is in sg is in fact only ~US$144k
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for grads in banking the net worth should be higher than the median.
38 and my wife 36 are in banking and our net worth is about $3M
typically a Director/SVP will earn about $20K monthly, so it's quite possible to hit a high net worth with disciplined savings and prudent investments in property and stocks