Like what the earlier poster said, you own a condo and only 20% of Singaporeans live in private property. So you should be proud of your achievement. Don't compare with others, it will never end. There will always be someone richer than you. Just be contented and happy. At the end of the day, all the wealth in this world is meaningless. You won't bring any to the grave. Invest your time in understanding the true meaning of life, where you come from and what's your purpose on this earth. Read.
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Originally Posted by Unregistered
My wife and I are a low income grad couple. We have two children in secondary schools. We are both 49 years old and only earning $160k pa in total. Our paid up condo is in the OCR and is valued at only $900k. We drive a small non continental car. Life is not so easy. We worry about our finances. We need to think which place to eat out or where to buy food from as we are very cost conscious. We cannot afford to employ a maid. We can only afford holidays in the Asian region such as HK, Korea, China, Thailand, Taiwan, Vietnam, Australia. Only once a year. We can't afford holidays to Europe or America.
Our net worth (including our condo and car) is only $1.5m in total. This is very low when we compare with our friends and relatives.
Are there any grad couples here earning as low as us? How do you survive with the demands and expectations from family and society? How are you preparing for your retirement?
Do we have to work till we are in our 70s? What can we do to prepare for retirement? Please help advise. Thanks.
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