Salary.sg Forums - View Single Post - Whats your net worth
View Single Post
  #2544 (permalink)  
Old 20-12-2016, 01:59 PM
Unregistered
Guest
 
Posts: n/a
Default

Me 44 Wife 37.
2 kids (4 and 14), 1 maid.

Wife - part time realtor. Production varies, but generally around 50kp.a.
Me - regional head of a product line in NBFI. Between 200 to 250kpa excl bonus and CPF contribution.

Singapore
Cash 400k of which 200k is on an mortgage interest offset account.
Combined CPF 450k
Residence value 1.1mil, loan 250k (bought 2003)
1st Investment property, value 950k, loan 250k (bought 2006). Rental 2.7k
2nd Investment property, value 1.7mil, loan 850k (bought 2009). Rental 4.5k
1 Lexus IS250, fully paid, 3 years remaining.

Malaysia
All 4 properties are on 10-year sale & leaseback, between net 5-6% yield.
2 studios, bought 2014 - MYR500k+, loan 400k.
2 One-bedrooms, bought 2012 - MYR1.5mil, loan 900k
Cash MYR100k

- Malaysian properties are all for the kids' overseas education an am prepared for Ivy League and postgraduate fees if necessary.

Plus some superannuation (Aust), some EPF (Mal), some SRS. Property markets have been kind.

Believe I would be able to handle "forced" retirement in 10 years
Reply With Quote