Quote:
Originally Posted by Unregistered
Are we considered well off? Here is our (hubby, 49 and wife, 48) finances
1. Own a 3 bedroom condominium currently valued at $1.2m, $200k loan outstanding
2. CPF and cash (combined) $500k
3. Car, loan outstanding $30k
Total income $180k pa, savings $40k pa |
Since you own an almost paid up condo and car, you are definitely well off. Only 13%+ of the population live in a condo. Clearly you're in the upper class of society. To add, your household is a millionaire household with $1.5m total net worth.