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06-03-2015, 09:41 PM
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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?
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06-03-2015, 11:12 PM
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Verified Member
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Join Date: Dec 2014
Posts: 14
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33 this year.
income just crossed the $100k milestone 
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06-03-2015, 11:21 PM
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Verified Member
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Join Date: Dec 2014
Posts: 14
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Quote:
Originally Posted by EJ257
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
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06-03-2015, 11:52 PM
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40, earning $38k pa. Am I poor?
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07-03-2015, 12:21 AM
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Quote:
Originally Posted by Unregistered
40, earning $38k pa. Am I poor?
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No, you are not poor.
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07-03-2015, 12:32 AM
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Quote:
Originally Posted by Unregistered
40, earning $38k pa. Am I poor?
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For sure you are not having a degree. Even a bus driver earn more than that.
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07-03-2015, 12:36 AM
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Quote:
Originally Posted by Unregistered
For sure you are not having a degree. Even a bus driver earn more than that.
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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.
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07-03-2015, 01:19 AM
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Earning only 4.2K per month at age 38. How to progress?
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07-03-2015, 01:38 AM
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Quote:
Originally Posted by EJ257
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
[s://farm9.staticflickr.com/8594/16546285588_aa0358cf04_q.jpg[/
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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.
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07-03-2015, 09:07 AM
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Quote:
Originally Posted by Unregistered
For sure you are not having a degree. Even a bus driver earn more than that.
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I'm poor then :-(
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