How much are you earning per annum?

Originally Posted by Unregistered

No GCB.... That's for the extreme rich... We are just above average....

oh ok ... sorry if i offended you. what's your budget for the landed?

Couple just past mid 30s. Combined income about 650k. Liquid assets (cash cpf stocks) about 2 million. We still have a substantial outstanding loan on our condo, but net equity value on condo about 700k. Aiming to build up net worth to be financially independent by the time we reach 45. I think we need 5m ex prop value to do so.

Wow... in 30s making $650 k. Now you are the ones who can buy GCB!!

There are so many rich forumers here. I am ashamed to share mine, but here's anyway.

Graduate couple, 47 & 48, combined income $130k pa. Staying in a 20 year old HDB flat, bought very cheap, finished paying the loan. Own an old small car.

I think we are among the worst performing graduate couple (bottom 20% of graduate couples) in our age group.

Any graduate couples who are performing worse than us?

38 male, commodities trading.
160k/annum
Audi S5
Condo in Novena
Single
Maltese 4 years old

At this age i would say, i should have spent more time hitting on girls when i was younger. Now, I can easily buy love but that wouldn't be me.

Originally Posted by Unregistered

38 male, commodities trading.
160k/annum
Audi S5
Condo in Novena
Single
Maltese 4 years old

At this age i would say, i should have spent more time hitting on girls when i was younger. Now, I can easily buy love but that wouldn't be me.

does the 160k include bonuses? seems to be on the low side for a commodities trader.

What's your net worth? $160k pa income while not low, is not exceptional. I am guessing your net worth is around $1m.

Originally Posted by Unregistered

38 male, commodities trading.
160k/annum
Audi S5
Condo in Novena
Single
Maltese 4 years old

At this age i would say, i should have spent more time hitting on girls when i was younger. Now, I can easily buy love but that wouldn't be me.

Can share what kind of jobs you are in? While there are graduates (degree holders) who may have run out of luck and ended up retrenched or doing low level (low paying) jobs, I find it hard to believe that both husband and wife could be in the same boat.

But this is not something to be ashamed of as long as you are making a living through honest hard work. This is still much much better than those who make big bucks through unscrupulous means.

Originally Posted by Unregistered

There are so many rich forumers here. I am ashamed to share mine, but here's anyway.

Graduate couple, 47 & 48, combined income $130k pa. Staying in a 20 year old HDB flat, bought very cheap, finished paying the loan. Own an old small car.

I think we are among the worst performing graduate couple (bottom 20% of graduate couples) in our age group.

Any graduate couples who are performing worse than us?

Originally Posted by Unregistered

Wow... in 30s making $650 k. Now you are the ones who can buy GCB!!

We are long way from being able to buy gcb. Gcb will cost 20-30m at least. Even if we save very cent we make, it will take another 30 years. At our income levels, even buying a semi d in a good neighborhood is a stretch. Hard truth of high asset prices in Singapore

Don't be sad. You are luckier than billions of people around the world. Imagine if you are living in the slums of 3rd world countries. You are lucky that we have a public housing system that sells very cheap flats (direct from HDB). Now you have a home which is paid up. You don't worry about living on the streets.

You still own a car, whereas billions of people don't own a car. In fact, many people in Singapore don't own a car.

You should be thankful that you both are graduates, not many families in the world even have a uni graduate among them. The education you get is valuable. Anyway earning a combined income of $130k, even though may not be on the high side among graduate couples (this is a fact), is still decent. If you managae your finances well and do not splurge on wasteful stuff, you can still save and have a good retirement eventually.

What you can focus on is to be an excellent employee, who is of great value to your employer. Have a strong work ethic, you may be promoted and earn more.

Just know that there are graduates who are retrenched and has no job and earning nothing, at least you have a job.

Lastly, don't compare with people who earn more than you, this will never end, even if you earn $1m pa, there will be someone who will earn $2m pa, or $3m pa, etc. Live within your means and strive hard to better yourself in your work. But don't forget to contribute back to society through charitable actions.

I hope this encourages you. For me, I been working for more than 30 years in the corporate sector and was earning a lot. I had enough and now decided to retire as I have accumulated enough for me and my family. As a millionaire, now I manage my own investments and happy with what I have. There are other more meaningful things in life to focus on before I die.

Originally Posted by Unregistered

There are so many rich forumers here. I am ashamed to share mine, but here's anyway.

Graduate couple, 47 & 48, combined income $130k pa. Staying in a 20 year old HDB flat, bought very cheap, finished paying the loan. Own an old small car.

I think we are among the worst performing graduate couple (bottom 20% of graduate couples) in our age group.

Any graduate couples who are performing worse than us?