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-   -   32 year old single guy with $110k cash in bank and $100k in CPF OA consider the norm? (https://forums.salary.sg/income-jobs/7145-32-year-old-single-guy-110k-cash-bank-100k-central-provident-fund-oa-consider-norm.html)

temp111 22-04-2016 03:52 PM

32 year old single guy with $110k cash in bank and $100k in CPF OA consider the norm?
 
As above.

Assuming he still single and got no other commitments.

Still staying with parents. No loans.

Unregistered 22-04-2016 04:25 PM

It is not so important what you have now. It is more important to know where you are going from here especially since you are only 32.

Career wise, do you see yourself earning more, saving more as time goes by? For eg, I could be broke at 35, but if I could pick myself up with a good job and career prospect, I could be a multi-millionaire by 45. Likewise, I could be a multimillionaire now, but lose it all in 10 years time through extravagance and mismanagement of my money.

Thats why people talk about wealth accumulation when they are young and wealth preservation when they are older.

At 32, I would be concern about how to quickly build up my wealth. So looking at your current situation, are you seeing good career progression with regular pay increases or is it a dead end job ?


Quote:

Originally Posted by temp111 (Post 84169)
As above.

Assuming he still single and got no other commitments.

Still staying with parents. No loans.


Unregistered 22-04-2016 04:36 PM

no, considered loser. Like you.

Unregistered 22-04-2016 04:38 PM

Quote:

Originally Posted by temp111 (Post 84169)
As above.

Assuming he still single and got no other commitments.

Still staying with parents. No loans.

Wow you don't know when to quit. No wonder so many people are irritated with you.

temp111 22-04-2016 06:54 PM

Quote:

Originally Posted by Unregistered (Post 84173)
no, considered loser. Like you.

Loser like u, u noob.

temp111 22-04-2016 06:55 PM

Quote:

Originally Posted by Unregistered (Post 84174)
Wow you don't know when to quit. No wonder so many people are irritated with you.

Quit what? Forums are for sharing. U got problem?

Unregistered_101 22-04-2016 09:28 PM

Depends on your area of work I guess, if you're in banking I would say that's way below normal. If engineering I guess its about there?

Quote:

Originally Posted by temp111 (Post 84169)
As above.

Assuming he still single and got no other commitments.

Still staying with parents. No loans.


Unregistered 22-04-2016 10:13 PM

Quote:

Originally Posted by temp111 (Post 84169)
As above.

Assuming he still single and got no other commitments.

Still staying with parents. No loans.

I would say below average. I'm 27 and have 120k in cash and 30k in cpf

temp111 22-04-2016 11:12 PM

Quote:

Originally Posted by Unregistered_101 (Post 84194)
Depends on your area of work I guess, if you're in banking I would say that's way below normal. If engineering I guess its about there?

Engineering, yes.

Unregistered_101 23-04-2016 01:26 AM

Great, then you're sorted. Congrats

Quote:

Originally Posted by temp111 (Post 84220)
Engineering, yes.



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