How much are you earning per annum?

Originally Posted by Unregistered

Retired, 45, was a corporate executive high flyer. Current passive income from multi million investment portfolio, $125k pa. Now spends a lot of time reading, working out in the condo gym, swimming, scuba diving and doing charity work. Hope to write a book one day. Owns a penthouse condo and a luxury car, both paid up. Wife, 40, $100k pa. Annual family expenditure, $90k pa. On top of the investment portfolio, we also have millions in cash and CPF savings.

Congratulations! Your hard work in building your investment portfolio finally pays off. You inspire me, I'm 35 this year and working towards the same goal of early retirement. I plan to retire at 50 if I am able to generate a passive income of $100,000 per year and after clearing my housing mortgage and other loans. Thank you for being an inspiration.

LOL, my sentiments exactly. The main story line is the same, but the details vary in every posting.

And also if you notice, there will be a response posting about how he is an inspiration. I have a feeling the posts are all from the same person. A dual personality.

Originally Posted by Unregistered

If you compiled the number of times you posted on this thread you would have a book, albeit repetitious but a book nevertheless.

Damn, I thought I was the only guy who noticed that.

I noticed the inspirational post after I posted that retort but I thought just forget about it.

If this guy is really praising his own post than that's super sad man.

Originally Posted by Unregistered

LOL, my sentiments exactly. The main story line is the same, but the details vary in every posting.

And also if you notice, there will be a response posting about how he is an inspiration. I have a feeling the posts are all from the same person. A dual personality.

[ffreedom]

hi new to this forum

33 yrs old for me + spouse
annual combined income 190k +/-
(spouse - basic + performance bonus, mine - basic + comms)

Live in HDB flat 4 room bought 300+k in 2008

income increased quite a fair bit over last 5 years due to various promotion for spouse + my 2 job hops

still remember first starting out in 2001 was very bad timing. pay was less than 2k per mth.

much better paid now with experience, however downside is no work life balance - conf calls after 6pm is norm. used to run projects for every weekend for close to a year (got money but no time to spend)

so now striving to work towards financial freedom.
a little too late but learning how i can invest my money for retirement

53 years old.
- Happy family wife (48) + 3 kids, 1 in JC, 2 in Sec...and close long time school friends
- No health issue, neither smoke nor drink
- BMI 22, BF 10.5%
- Work out in gym, run, cycle, swim 4-5x a week...yeah six pacs!
- Able to attain gold in cat z IPPT
- Planning for 1/2 Ironman next year
- Maintain good work life balance, moderate business travel but manageable
- Yoga and mediation for relaxation
- Eat healthily... Lots of fruit, vegetable, whole-grain, high fiber foods
- Lastly....last year salary 290k, expenses 100k, net worth 3.7M

50, $100k pa. Wife, 55, $80k pa. Plans to upgrade to a CCR condo after condo prices fall next year. Aiming to buy CCR condo as prices will fall most there. Now we have cash of $1m waiting to buy a CCR condo. Will sell our flat for $700k and buy a 3 bedroom CCR condo for $1.5m, to pay in full cash.

If there are any sellers out there who want to sell your Orchard 3 bedroom condo (min 1200 sqft, not older than 5 years, FH) for $1.5m, please let me know. Thank you.

LOL. Wait long, long!

Originally Posted by Unregistered

50, $100k pa. Wife, 55, $80k pa. Plans to upgrade to a CCR condo after condo prices fall next year. Aiming to buy CCR condo as prices will fall most there. Now we have cash of $1m waiting to buy a CCR condo. Will sell our flat for $700k and buy a 3 bedroom CCR condo for $1.5m, to pay in full cash.

If there are any sellers out there who want to sell your Orchard 3 bedroom condo (min 1200 sqft, not older than 5 years, FH) for $1.5m, please let me know. Thank you.

Last year, my total income was $70,000. My wife's total income was $90,000. We save $30,000 per annum. We sold our flat in 2006 and upgraded and now our condominium unit is worth $1.2m. Our mortgage loan remaining is only $200,000. We use our CPF to pay for the mortgage. We have two kids, they are in good schools. We also own a car, no more loan outstanding. We are now in our late 40s. Including our condo, cash, cpf and some stocks, our total net worth is $1.5m.

Any comments how we are doing financially? Can we retire at 60?

Originally Posted by Unregistered

Last year, my total income was $70,000. My wife's total income was $90,000. We save $30,000 per annum. We sold our flat in 2006 and upgraded and now our condominium unit is worth $1.2m. Our mortgage loan remaining is only $200,000. We use our CPF to pay for the mortgage. We have two kids, they are in good schools. We also own a car, no more loan outstanding. We are now in our late 40s. Including our condo, cash, cpf and some stocks, our total net worth is $1.5m.

Any comments how we are doing financially? Can we retire at 60?

Last year, our total income was about $300,000. We have a fully paid condo worth $1.5M. We have 2 kids and they are in Top school. We also own a car fully paid. We hope to retire in 10 years time when we reach 55.

In all seriousness, how can anyone say whether you can retire at 60 without knowing what your expected expenses will be. If it is $100k pa, and a retirement timeframe of 25 years, that would already require $2.5m without factoring in inflation.

For our case, as we don't want to downgrade our lifestyle when we retire at 55, and to cater for 30 to 35 years in retirement, we estimated that we would need $3.5m in savings, excluding our home. That would give a comfortable $100k pa or $8k pm draw-down. We have already surpassed that savings target. Our main aim now is to invest that savings to establish a steady passive income stream. Once we can achieve $100k in passive income per year, retirement here we come - 55 or not!

Originally Posted by Unregistered

Last year, my total income was $70,000. My wife's total income was $90,000. We save $30,000 per annum. We sold our flat in 2006 and upgraded and now our condominium unit is worth $1.2m. Our mortgage loan remaining is only $200,000. We use our CPF to pay for the mortgage. We have two kids, they are in good schools. We also own a car, no more loan outstanding. We are now in our late 40s. Including our condo, cash, cpf and some stocks, our total net worth is $1.5m.

Any comments how we are doing financially? Can we retire at 60?