How much are you earning per annum?

Originally Posted by Unregistered

Generating $100k of passive income a year is impressive. Even more impressive is that this amount is equal to what you are now earning from work. Possible to share how you manage to build up your investment and income?

Sure, happy to share to anyone keen. We can both register - you PM me after that. Public forum not quite app. Avoid scepticism and negative responses. I acknowledge many are traditionalists and conservative when it comes to investment, to each their own. Issue is,not knowing better, some tend to be critical /impose on their views.

You are doing well financially. In Singapore, as long as you live in a condo and drive a car, you are considered high performing executives. Well done.

Originally Posted by Unregistered

Our expenses and income per month (pro rated)

Condo mortgage & maintenance $1500 pm
Car loan $800 pm
Car petrol $500 pm
Other car related expenses $500 pm
Food, groceries, restaurants, utilities $2000 pm
Parents allowance $1600 pm
Insurance $1700 pm
Children (2 teenagers) related expenses $1000 pm
Misc (taxes, holidays, clothings, entertainment, donations, etc) $2500 pm
Total expenses $12,100 pm ($145.2k pa)

Total income (pro rated) $15,600 pm ($187.2k pa)
Total savings $3,500 pm ($42k pa)
Total net worth (home equity+cash+cpf) $1.4m

Our age: 49 & 46.
Is your expenses, income and net worth similar, less or more?

So many people in this forum live in a condo. Anyone still staying in a hdb flat?

Still staying in parent's hdb. Renting out condo.
Of course many still staying in HDB the demographics for hdb dwellers is high you know

Originally Posted by Unregistered

So many people in this forum live in a condo. Anyone still staying in a hdb flat?

I don't understand your question.

1) Govt. stats show that over 80% of Singapore population stay in HDBs. So, simple answer to your question will be a yes.

2) If you are asking question entirely based on the forum visitors; then, as you can see, many of the Singaporeans are living in condos. Only a small percentage of the forum users are living in HDB.

3) The other possible situation I can think of is that a high percentage of Singaporeans are lying on this forum that they live in condos and hence we can term our fellow countrymen as liars. I am against this, so I will stick to point number 2.

If you are living in a hdb flat, can you please share your profile, age, household income and net worth? By sharing this info, at least we know that not all forumers here own and live in condos. Thank you.

Originally Posted by Unregistered

If you are living in a hdb flat, can you please share your profile, age, household income and net worth? By sharing this info, at least we know that not all forumers here own and live in condos. Thank you.

Living in a hdb. Household income 130k. 90k from myself. 40k from wife. Both 27yo. Net worth 60k savings. Mortgage outstanding is 280k.

Originally Posted by Unregistered

So many people in this forum live in a condo. Anyone still staying in a hdb flat?

If 30 yo stay condo I will say satki.

If 35 yo stay condo, I will say considered good also.

If 40 yo and above then start stay condo, Jin satki meh?

29
male
2.8k salary
stay with parents 4 room HDB.
single
one toyota vios - family car.

I am just your average singaporean guy lor

Originally Posted by Unregistered

If 30 yo stay condo I will say satki.

If 35 yo stay condo, I will say considered good also.

If 40 yo and above then start stay condo, Jin satki meh?

7 yrs ago when i was 32, wife and i already had a fully paid up 3br condo in d11, plus $400K cash.