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13-04-2014, 07:20 PM
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Quote:
Originally Posted by Unregistered
No GCB.... That's for the extreme rich... We are just above average....
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oh ok ... sorry if i offended you. what's your budget for the landed?
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13-04-2014, 07:58 PM
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Us
Couple just past mid 30s. Combined income about 650k. Liquid assets (cash cpf stocks) about 2 million. We still have a substantial outstanding loan on our condo, but net equity value on condo about 700k. Aiming to build up net worth to be financially independent by the time we reach 45. I think we need 5m ex prop value to do so.
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13-04-2014, 08:18 PM
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Wow... in 30s making $650 k. Now you are the ones who can buy GCB!!
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13-04-2014, 09:22 PM
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There are so many rich forumers here. I am ashamed to share mine, but here's anyway.
Graduate couple, 47 & 48, combined income $130k pa. Staying in a 20 year old HDB flat, bought very cheap, finished paying the loan. Own an old small car.
I think we are among the worst performing graduate couple (bottom 20% of graduate couples) in our age group.
Any graduate couples who are performing worse than us?
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13-04-2014, 10:32 PM
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38 male, commodities trading.
160k/annum
Audi S5
Condo in Novena
Single
Maltese 4 years old
At this age i would say, i should have spent more time hitting on girls when i was younger. Now, I can easily buy love but that wouldn't be me.
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13-04-2014, 10:36 PM
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Quote:
Originally Posted by Unregistered
38 male, commodities trading.
160k/annum
Audi S5
Condo in Novena
Single
Maltese 4 years old
At this age i would say, i should have spent more time hitting on girls when i was younger. Now, I can easily buy love but that wouldn't be me.
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does the 160k include bonuses? seems to be on the low side for a commodities trader.
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14-04-2014, 07:29 AM
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What's your net worth? $160k pa income while not low, is not exceptional. I am guessing your net worth is around $1m.
Quote:
Originally Posted by Unregistered
38 male, commodities trading.
160k/annum
Audi S5
Condo in Novena
Single
Maltese 4 years old
At this age i would say, i should have spent more time hitting on girls when i was younger. Now, I can easily buy love but that wouldn't be me.
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14-04-2014, 08:59 AM
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Quote:
Originally Posted by Unregistered
Wow... in 30s making $650 k. Now you are the ones who can buy GCB!!
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We are long way from being able to buy gcb. Gcb will cost 20-30m at least. Even if we save very cent we make, it will take another 30 years. At our income levels, even buying a semi d in a good neighborhood is a stretch. Hard truth of high asset prices in Singapore
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14-04-2014, 09:57 AM
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Don't be sad. You are luckier than billions of people around the world. Imagine if you are living in the slums of 3rd world countries. You are lucky that we have a public housing system that sells very cheap flats (direct from HDB). Now you have a home which is paid up. You don't worry about living on the streets.
You still own a car, whereas billions of people don't own a car. In fact, many people in Singapore don't own a car.
You should be thankful that you both are graduates, not many families in the world even have a uni graduate among them. The education you get is valuable. Anyway earning a combined income of $130k, even though may not be on the high side among graduate couples (this is a fact), is still decent. If you managae your finances well and do not splurge on wasteful stuff, you can still save and have a good retirement eventually.
What you can focus on is to be an excellent employee, who is of great value to your employer. Have a strong work ethic, you may be promoted and earn more.
Just know that there are graduates who are retrenched and has no job and earning nothing, at least you have a job.
Lastly, don't compare with people who earn more than you, this will never end, even if you earn $1m pa, there will be someone who will earn $2m pa, or $3m pa, etc. Live within your means and strive hard to better yourself in your work. But don't forget to contribute back to society through charitable actions.
I hope this encourages you. For me, I been working for more than 30 years in the corporate sector and was earning a lot. I had enough and now decided to retire as I have accumulated enough for me and my family. As a millionaire, now I manage my own investments and happy with what I have. There are other more meaningful things in life to focus on before I die.
Quote:
Originally Posted by Unregistered
There are so many rich forumers here. I am ashamed to share mine, but here's anyway.
Graduate couple, 47 & 48, combined income $130k pa. Staying in a 20 year old HDB flat, bought very cheap, finished paying the loan. Own an old small car.
I think we are among the worst performing graduate couple (bottom 20% of graduate couples) in our age group.
Any graduate couples who are performing worse than us?
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