Late 40s, married couple, living in a private condominium, paying a mortgage of $1200 pm. Earning a total income of $208k pa. Mortgage service ratio (MSR) of only 7%. Financially very prudent.
Supporting old parents on both sides ($1400 pm) as well as own children. Spends quite a lot on family insurance too ($1600 pm). Also reward ourselves with year end overseas holidays. Owns a good car too.
Enjoying an upper middle class lifestyle. We are happy to spend on our parents and children so that they can enjoy a good life.
Our total net worth $1.48m, including condo (home equity), cash, stocks and
CPF.
How are we doing when compared with our peers of the same age group?