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05-04-2023, 11:09 AM
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Quote:
Originally Posted by Unregistered
Net worth so basic also people dunno?
$1.6m in sg is not much considering the price of property in sg
Problem is people have to live on very expensive property assets
Cost of housing
Whats your debt to asset ratio?
Debt to equity ratio?
Debt to current assets ratio?
I am late 40s as well. Net worth $3m. Debt free. No mortgage.
All the ratios 0.
A
My net worth when I was MO living in HDB during SARS was 20k
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Good for u. How did u grow yr networth? Can share for the benefit of the young Drs?
U specialised and invested in properties?
I am also debt and mortgage free. But I didn't specialise , just a normal GP with GDFM. I also worked normal hrs mostly, didn't chiong and work long hrs. Enjoyed life going for regular yearly tours.
My peers mostly earn more than me too.
But I am contented as I have a 2 boys and can retire now if I want to.
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05-04-2023, 11:35 AM
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Quote:
Originally Posted by Unregistered
So do u foresee a financial crisis likeLehman Bros coming soon?
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There is way too much gamma squeeze at the moment. So no.
All eyes on Fed now.
If they do cut rates market will rally. But then inflation looms once more
I see markets going nowhere.
Sideways range bound.
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05-04-2023, 11:44 AM
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Wah cheem. What is gamma squeeze? U seem quite knowledgeable about the economy. U studied Economics before?
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05-04-2023, 11:46 AM
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Quote:
Originally Posted by Unregistered
Good for u. How did u grow yr networth? Can share for the benefit of the young Drs?
U specialised and invested in properties?
I am also debt and mortgage free. But I didn't specialise , just a normal GP with GDFM. I also worked normal hrs mostly, didn't chiong and work long hrs. Enjoyed life going for regular yearly tours.
My peers mostly earn more than me too.
But I am contented as I have a 2 boys and can retire now if I want to.
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Lol.
I migrated.
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05-04-2023, 11:58 AM
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Quote:
Originally Posted by Unregistered
Lol.
I migrated.
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I wanted to migrate in my 30s with my 2 young boys but my hubby didn't want.
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05-04-2023, 12:01 PM
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Quote:
Originally Posted by Unregistered
Wah cheem. What is gamma squeeze? U seem quite knowledgeable about the economy. U studied Economics before?
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No lah. Just MBBS NUS.
But have been reading and learning lots since 2007.
Like I said dont waste your time and brain space on useless medical
Knowledge.
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05-04-2023, 12:05 PM
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Quote:
Originally Posted by Unregistered
I wanted to migrate in my 30s with my 2 young boys but my hubby didn't want.
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Too bad. Fam Med pays a lot better in the West.
Housing is much cheaper too. Same for cars.
I can retire already. But want to work another 5 years then I
Can help kids buy their homes.
Also set up family trust for grandkids.
In sg some people net worth could be $2m but they live in the 1.5m asset
Meaning only have 500k disposable cash/liquid assets.
Different if you live in 700k landed single family home and have 1.3m liquid assets.
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05-04-2023, 12:09 PM
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Quote:
Originally Posted by Unregistered
Too bad. Fam Med pays a lot better in the West.
Housing is much cheaper too. Same for cars.
I can retire already. But want to work another 5 years then I
Can help kids buy their homes.
Also set up family trust for grandkids.
In sg some people net worth could be $2m but they live in the 1.5m asset
Meaning only have 500k disposable cash/liquid assets.
Different if you live in 700k landed single family home and have 1.3m liquid assets.
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U have sons? They r skipping NS?
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