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24-09-2013, 03:52 AM
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Quote:
Originally Posted by Unregistered
Female 30 years old
Monthly salary:8K
Bonus: Maybe about 2-3 months
Money in bank account: 250K
Shares:60K
And yes, I'm still single...
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Why does a pretty, rich girl like you remain single?
Chose to be single or have not found the right prince charming?
Interested in a 58 year old man?
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25-09-2013, 04:25 PM
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40, 42, professional couple
Combined annual income $149k, annual spendings $108k, annual savings $41k
Lives in a condo, drives a car
Current combined net worth, including condo, $2.6m
Aims to retire at 65, target net worth at 65 $4m
Retirement plan at 65 - Buy a BTO HDB studio unit for elderly costing $100k
Will survive on $3.9m cash, need to be prudent in spending
Will apply for elderly pass for mrt, bus, cinema, etc.
We hope the $3.9m cash is enough till our target death age of 90
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25-09-2013, 05:33 PM
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Quote:
Originally Posted by Unregistered
40, 42, professional couple
Combined annual income $149k, annual spendings $108k, annual savings $41k
Lives in a condo, drives a car
Current combined net worth, including condo, $2.6m
Aims to retire at 65, target net worth at 65 $4m
Retirement plan at 65 - Buy a BTO HDB studio unit for elderly costing $100k
Will survive on $3.9m cash, need to be prudent in spending
Will apply for elderly pass for mrt, bus, cinema, etc.
We hope the $3.9m cash is enough till our target death age of 90
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a few points to note on your retirement plan,
1)have you factor i kidz growing up exponential costs?(provided u have no kids)
2) based on your saving S$41K x 23 yrs to retirement, S$943,000 (nett off inflation against salary increment),
3) Not sure how much cash savings/ liability you have on now, or passive income to sustain from retirement to death.
4) with inflation in & housing appreciation and govt policy changes, not sure if there is any BTO in the future and will it only cost S$100k only in 20+ yrs time. no one can predict. Worse off is, you have to stay at your fully paid condo(assume your condo is on loan) and live off your passive and the above savings + CPF.
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25-09-2013, 06:34 PM
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If 3.9m is not enough, how much is enough? Will there be many homeless retirees roaming the streets holding millions of dollars?
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29-09-2013, 07:44 PM
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46, earn only $80k pa.
Gone case. No hope.
So many here earning $300k pa.
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29-09-2013, 08:10 PM
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When u want to compre, there is no end. There is always someone else who earns more.
Singapore's Multimillionaires: New Wealth Report Busts The Myths - Forbes
Either just be contented with what you have or strive to do better. 46 is not young not old. As long as you are able to work, there is always hope.
Quote:
Originally Posted by Unregistered
46, earn only $80k pa.
Gone case. No hope.
So many here earning $300k pa.
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30-09-2013, 07:58 AM
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I'm 44 and I am a Singaporean millionaire. I came from a low income family (used to live in a small HDB flat with my family of six during my childhood) but I worked hard, got into top Singapore schools and got good jobs. After working very hard, saving very hard and investing hard, I achieved the millionaire status. Singapore is where dreams come true provided you are diligent, honest and smart. I now live in a brand new condo (not the old condos in D9) and drives a conti car. Over the next 25 years, I hope to be a multi millionaire. Wish me luck!
Quote:
Originally Posted by Unregistered
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30-09-2013, 03:17 PM
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Quote:
Originally Posted by Unregistered
I'm 44 and I am a Singaporean millionaire. I came from a low income family (used to live in a small HDB flat with my family of six during my childhood) but I worked hard, got into top Singapore schools and got good jobs. After working very hard, saving very hard and investing hard, I achieved the millionaire status. Singapore is where dreams come true provided you are diligent, honest and smart. I now live in a brand new condo (not the old condos in D9) and drives a conti car. Over the next 25 years, I hope to be a multi millionaire. Wish me luck!
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I smell a troll here
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