How much are you earning per annum?

Originally Posted by Tony Tan

Job Title: President

Duties:
Doing **** all
Shake leg

Annual Salary: $1,540,000

I think you under declare your salary.

53 & 55
Old couple with a married daughter
Lives in a high end (prime district) one bedroom studio condo, worth $1m
Debt free
Plans to retire in 5 years time
Our passive income from our investments by then will be $60k pa while expenses will be $40k pa
Our daughter gives us $1k pm or $12k pa
So in total we will get $72k pa

Husband, 40, has an annual salary of $67k pa. Wife, 45, has an annual salary of $80k pa. Living in a 5 room flat, with loan of $200k left. Now flat is worth $550k. Husband's cash and CPF $200k. Wife's cash and CPF $300k. Total net worth $850k.

How are we doing as a couple? Is our net worth considered high in Singapore? Or just average? Does anyone know what is the average net worth per person in Singapore?

Originally Posted by Unregistered

Husband, 40, has an annual salary of $67k pa. Wife, 45, has an annual salary of $80k pa. Living in a 5 room flat, with loan of $200k left. Now flat is worth $550k. Husband's cash and CPF $200k. Wife's cash and CPF $300k. Total net worth $850k.

How are we doing as a couple? Is our net worth considered high in Singapore? Or just average? Does anyone know what is the average net worth per person in Singapore?

How did you manage the age gap?

on the topic of COE. Many people are still in their dream stage that COE will free fall when the number of deregistration hit 100,000. They never think that once these owners car expire, they would probably buy new ones to replace. I think many people are naive and waiting patiently since our government tell us to wait. But very soon they will know the truth, and Panic buying will set in. That's when COE will head north soon.

Huat ah!

[borderlands]

Originally Posted by Unregistered

53 & 55
Old couple with a married daughter
Lives in a high end (prime district) one bedroom studio condo, worth $1m
Debt free
Plans to retire in 5 years time
Our passive income from our investments by then will be $60k pa while expenses will be $40k pa
Our daughter gives us $1k pm or $12k pa
So in total we will get $72k pa

It's interesting seniors have great passive income, and it appears the numbers of these seniors are steadily increasing.

how do you spend your time? I have 2 friends aged 63 & 65 who insisted they really do not know how to manage their time and decided to work. I find this very very interesting.

I'm happy for you seniors, who are able to retire in grace and peace.

I'm curious on the retirement because my wife & I are also planning for our retirement, maybe 20 years later, i suppose.

Originally Posted by Unregistered

on the topic of COE. Many people are still in their dream stage that COE will free fall when the number of deregistration hit 100,000. They never think that once these owners car expire, they would probably buy new ones to replace. I think many people are naive and waiting patiently since our government tell us to wait. But very soon they will know the truth, and Panic buying will set in. That's when COE will head north soon.

Huat ah!

I'm getting a new car. Before the lunar new year.

Originally Posted by Unregistered

Husband, 40, has an annual salary of $67k pa. Wife, 45, has an annual salary of $80k pa. Living in a 5 room flat, with loan of $200k left. Now flat is worth $550k. Husband's cash and CPF $200k. Wife's cash and CPF $300k. Total net worth $850k.

How are we doing as a couple? Is our net worth considered high in Singapore? Or just average? Does anyone know what is the average net worth per person in Singapore?

When you are 50, your wife will 55.
When you want, your wife doesn't want.
Don't think about your worth in dollar and cents. Plan how to overcome your problem in 10 years time.

Originally Posted by Unregistered

I'm getting a new car. Before the lunar new year.

Many people are getting new cars while COE is still affordable. I remembered COE price alone went to $100k last time for small cars. My salary in 2006 was $60k pa, now 10 years later it is $120k pa. About the same for my wife. In 2006, we bought a $50k plus car, now we can still afford a new $100k plus car which is $50k more expensive ($5k pa more expensive, spread over 10 years) but our combined pay increased by $120k pa.

Nowadays a $100k plus car is cheap and good. No need to buy the expensive brands because the dealers' margins for those brands are huge. Once you drive off from the showroom, the car value drops like a rock.

Better to buy a new cheap, good quality car and save your money to buy high dividend stocks.

COE will head back $80k soon..... Luckily I bought my new car in time for CNY before the rise.. Huat ah!