45 & 43, married couple with two secondary school children. Our combined income is $140k pa. We sold our fully paid HDB flat for $600k and bought a resale condo for $1.1m. Paid downpayment of $600k and took a mortgage loan of $500k.

Ever since we lived in a condo, we felt very happy to enjoy the privacy, security and social status. The facilities are really nice. Our kids enjoy the swimming pool very much.

Our combined net worth:

Condo (net of loan) $600k
Stocks $65k
Cash and CPF funds $485k
Car $50k

Total combined net worth $1.2m

How are we doing?

33 this year.
income just crossed the $100k milestone :)

took a screenshot from iras. I don't think I earn alot compared to my peers but I am truly happy that I reached this milestone

https://farm9.staticflickr.com/8594/...0358cf04_q.jpg

40, earning $38k pa. Am I poor?

No, you are not poor.

For sure you are not having a degree. Even a bus driver earn more than that.

The person only asked whether he/she is poor. Do not comment about his/her educational qualification. You are strictly not allowed to use your inference skills.

Earning only 4.2K per month at age 38. How to progress?

Well done. I'm 33 going on 34 and just a couple grand more. I totally share your sentiments.. I could do better compared to my peers but I'm very glad to have crossed this magical $100k barrier without being in sales or banking.

My next goals are $125k by 37 and $140k by 40.

I'm poor then :-(