How much are you earning per annum?

Originally Posted by Unregistered

55, 53 years old couple. Combined salary $180k pa. Lives in a one year old condo worth $1.2m. Mortgage outstanding $250k. Total net worth $2m including our condo, savings, CPF, stocks. Upon retirement at 65, plan to sell the condo and buy a 3 room HDB flat. Will use the net cash proceeds for retirement spending and stocks investments.

You are very lucky to be millionaires at such a young age. My wife and I are in our 60s and we only own a 5 room HDB flat, which is worth only $700k. Our combined net worth is only about $1m. We plan to retire at 70 years old. We hope to rent out our HDB flat to FTs for $4k per month then and live with our son in his 4 room condo. We look forward to living in a condo before we die and taking care of our grand children. They bring us much joy. I hope we have more FTs coming in to support our retirement. Many of my friends also are renting out their rooms to FTs. But they need to compete with those who illegally rent out their BTO flats. We old people hope greater enforcement is done to confiscate those illegal BTO flats.

I'm 47 and semi retired, I work part time from home as a free lance consultant, earning $75k pa. My wife is 40 and is working full time, earning $100k pa. Our condo which is worth $1.6m is paid up and we have no debt. I now have more time to spend to nurture my kids to be good, smart, well behaved kids and this has been successful. I'm glad my sacrifice to leave the corporate world has paid off. I see people who excelled in their corporate life but their family life is in ruins, their children are rotten to the core. I'm also more at peace and feel healthier. Since we have no debt and our expenses is only $80k pa, we feel happy. Our net worth grows every year. We hope to fully retire at 75 years old. We hope to have a net worth $4m by the time we reach 75.

[heehee92]

Net worth: SGD100million, majority in US investments (a pioneer microsoft investor), currently travelling around the world with the dividends with my wife. Not really interested in money, it just comes rolling in faster than we can spent it. Thanks Gates, you saved our lives!!

Originally Posted by heehee92

Net worth: SGD100million, majority in US investments (a pioneer microsoft investor), currently travelling around the world with the dividends with my wife. Not really interested in money, it just comes rolling in faster than we can spent it. Thanks Gates, you saved our lives!!

hey stupid. do some homework first before posting a bs story. MSFT was listed in 86. you were born in 92. dumb prick.

Originally Posted by Unregistered

\ Unemployment will shoot up and bankers, property agents and lawyers will be on the streets begging.\.

that is one good reason to hope for an econnomic colapse. nothing would make the people happier than seeing a banker or lawyer begging on the streets. bring it on!

I'm your typical old uncle millionaire. 49 years old, live in HDB Exec flat. No car. No more debt. No longer need to work, earn passive income of $6,000 per month from stocks dividends. Family spends $5,000 per month.

Average Singaporean couple with 2 kids. Me, 45, wife, 43.
My annual income $116k pa, wife's annual income $108k pa.
Lives in a condo, fully paid up. Owns a car, paid up. No debt.
Combined net worth $2.5m.
We hope to retire at 55. Will sell the condo and buy a 3 room HDB flat.
The net cash amount will be used to buy stocks to give dividends.

Originally Posted by Unregistered

Average Singaporean couple with 2 kids. Me, 45, wife, 43.
My annual income $116k pa, wife's annual income $108k pa.
Lives in a condo, fully paid up. Owns a car, paid up. No debt.
Combined net worth $2.5m.
We hope to retire at 55. Will sell the condo and buy a 3 room HDB flat.
The net cash amount will be used to buy stocks to give dividends.

what is minimum to spend to buy stocks?

I'm ashamed to share how much I earn but here goes. 44, S$70k pa only. Wife, 42, S$100k pa. Paid off my mortgage. I live simply, no parties, wining, dining, womanizing, gambling or punting stocks. I hope to retire in Malaysia. When I reach 65, I will sell my flat for S$1m which will give me RM2.5m to retire with. Even though I am poor, I'm proud that I don't womanize. There are men who are rich but they womanize, some of them could be in this forum.

Originally Posted by Unregistered

that is one good reason to hope for an econnomic colapse. nothing would make the people happier than seeing a banker or lawyer begging on the streets. bring it on!

Did you or any of your family members suffered losses due to any of the above mentioned vocations?