Compare Your Household Income

this thread is plain bullsh1t right..... i actually open my eyes big big at first while reading but after that more bullsh1t liao....

This is probably the only true case for all the get rich quick schemes.

Originally Posted by Unregistered

here's how my wife and i did it:

- started work in 2000
- bought CCR condo in 2004 (took maximum loan)
- sold during the property boom in 2007 (profit: $850K)
- use profits and savings to buy 2 condo (one in 2009 and one in 2010)
- sold 1 condo in 2010 and one in 2012 (profit: $500K)
- bought 1 landed in 2010 (value has increased by $380K to date)

in addition:
- savings from salary to date: $800K
- dividends and profits from stocks to date: $70K

our last drawn annual salary: mine $190K, wife $90K

total net worth: $2.6M

Originally Posted by Unregistered

This is probably the only true case for all the get rich quick schemes.

the past few years have been extremely good for property flippers. it's not surprising there are some who made a couple of million dollars.

We are a couple in our late 40's. We earn a combined income of $158k pa. Our expenses about $100k pa. We save $58k pa. No more loan on our EA flat, now valued at $800k. Savings in our CPF plus cash savings only $1m. We drive an old conti car. We hope to retire in 10 years time by downgrading to a small, cheaper flat. We should then have about $2m to retire on.

what do people look forward to when they are late 40s?
do u yearn for youth?

Originally Posted by Unregistered

We are a couple in our late 40's. We earn a combined income of $158k pa. Our expenses about $100k pa. We save $58k pa. No more loan on our EA flat, now valued at $800k. Savings in our CPF plus cash savings only $1m. We drive an old conti car. We hope to retire in 10 years time by downgrading to a small, cheaper flat. We should then have about $2m to retire on.

Originally Posted by Unregistered

what do people look forward to when they are late 40s?
do u yearn for youth?

No, we don't yearn for youth. Being young means you still have many more years to work to prepare for your retirement. Those in their 40's look forward towards financial independence and retirement when the reach their 50's or 60's. Time to relax and smell the roses, to do charity work and to prepare oneself to die and meet one's Creator.

i think i would rather be young and poor and enjoy my youth.

Originally Posted by Unregistered

No, we don't yearn for youth. Being young means you still have many more years to work to prepare for your retirement. Those in their 40's look forward towards financial independence and retirement when the reach their 50's or 60's. Time to relax and smell the roses, to do charity work and to prepare oneself to die and meet one's Creator.

There are things to enjoy at different stages of one's life.