How much are you earning per annum?

65, 65 married couple with grown up children.
owns a condo worth $1.8m, fully paid up.
other assets are cpf, cash and stock ($10m) and 2 cars.
our dividend income is $400k pa.
our ROI excluding dividend $1m consistently over past three years.
yearly expenses $200k.
net worth increase by $1.2m every year.

65, 23 married couple with a baby.
owns a condo worth $2m, fully paid up.
other assets are cpf, cash and car.
bought second car last year, fully paid up.
our combined income is $550k last year.
our combined net worth $12m.

Originally Posted by Unregistered

65, 23 married couple with a baby.
owns a condo worth $2m, fully paid up.
other assets are cpf, cash and car.
bought second car last year, fully paid up.
our combined income is $550k last year.
our combined net worth $12m.

65 & 23?
Hi Marcus Chin...

This thread seems pointless when everyone is just bullcrapping.

21, single, no assets except for a v large package (if you know what I mean)

Originally Posted by Unregistered

Thank you for sharing with me your brilliant plan. I'm excited to know of the prospects of getting $10.5k pm in passive income. I will have lots of money to use for holidays during our retirement. I will need professional advice on how to buy stocks which can give me a 5% dividend.

Buy SPH REITs. Averages 5 to 6% dividends a year.

46, $67k pa.
wife, 44, $62k pa.
5 room hdb flat, paid up. latest market worth $500k.
5 year old car, paid up.
total net worth $970k.

27
50100 per annum

Lol, I think it has advantages. I mean with some c**k & bull postings, when I revealed my true networth, I know it will not be taken seriously.

Somehow, it is in human nature not to believe something so far different from what they can imagine.

What will it take for them to believe? They see someone driving a 5 series beemer and staying in a nice landed property and immediately they think the family must be deep in debt. Or they see a family staying in a condo with 3 cars, and they think the family must be spending beyond their means, spending retirement funds away.

I know I am no where near the big earners, but I do know people who can afford an E200 or a Beemer every year paid full with current COE prices with savings left over if they so choose. And these people have multiple properties.

Originally Posted by Unregistered

This thread seems pointless when everyone is just bullcrapping.

We are in our mid 50s and plan to retire soon. Currently I make $130k pa while my spouse makes $139k pa. We own a 2 year old condo valued at $1.4m and it is fully paid. Our children are now grown ups. We will retire once we generate a passive income of $6k pm as we estimate that we will need $4k pm for the two of us. Our children contribute to the household expenses plus they gives us a monthly allowance.