How much are you earning per annum?

Originally Posted by Unregistered

I am 45, filed $180k income last year. Guess I might be on the top quartile mark. Not exactly very high. But comfortable to live.

You earn a lot.
How much is your wife's and your net worth?

Originally Posted by Unregistered

You earn a lot.
How much is your wife's and your net worth?

Not really a lot if I look around my peers.

My wife makes $250k. She has more bcos her MNC company gives more bonus.

Our total net worth maybe $2m including paid up condo and car.

Can we retire now in Singapore? We are prepared to live simply.

Originally Posted by Unregistered

Not really a lot if I look around my peers.

My wife makes $250k. She has more bcos her MNC company gives more bonus.

Our total net worth maybe $2m including paid up condo and car.

Can we retire now in Singapore? We are prepared to live simply.

$2m is a lot for a 45 year old couple. You can retire now if you live simply. You can sell you condo and buy a 5 room flat for $400k, paid in full. You can find such flats in Punggol and some parts of Singapore.

The rest of your $1.6m can be invested in a stocks portfolio which yields 5% dividend pa, so you get $80k pa in dividends. This is enough for you and family provided you don't employ a maid. Your car expenses should be manageable since you have paid it up.

You can then lead a simple, stress free life for the rest of your life. You can spend time exercising, jogging and walk at nature parks. You can also do volunteer work at charitable organisations. Life will be very meaningful.

Originally Posted by Unregistered

Thanks for your advice. Yes, the plan is to buy an apartment near an mrt so that a car is not needed because honestly owning a car is really not worth it...



Gosh I can smell your desperation from a forum away. Never heard of the phrase nice guys finish last? Even if I were to marry, I'll look for an intellectual equal. If I want a doormat, I'll just go Ikea.



You sound like my mum and the gazillion family and friends who use the same argument every time. My counter is that loneliness is a state of mind and I am perfectly capable of keeping my own company and finding meaning in my own life without being married. Kids are a joy up till the point when I lose patience with them and want to slap them. Point is, different folks for different strokes yo. Let's agree to disagree on this.



Nope, it wasn't me. But I'm heartened that there are decent people here who bothers to keep you bored and/or desperate guys in check ;>



But come on guys, seriously only one piece of advice after all that banter?

When are you going to Ikea and which branch?

Originally Posted by Unregistered

28 yo, female, single
$75k pa, ~$200k savings
Stable job, decent working conditions (not too stressed nor slack)
1 car loan but less than $8k more left to pay, no other loans
Living with retired parents who are pretty self-sufficient financially but not rich
No plans to get married or have kids
Not a spender (1 holiday a year, occasional small buys, 1 debit card, no CC)
Thinking of getting a 2-br condo near mrt coz I want my own freedom to live my life. Not sure if I can afford a $750k-$1 mil condo when I reach 30. Possible to put down $200k deposit and finish paying loan in 15 yrs?
Any advice? TIA.

live your life with your nice income.

kids are a great burden to yourself and also to Mother Earth.

kids are great only for growth crazed nations hoping to have more worker bees and slaves to generate wealth for the bourgeois rich and their capitalist constructs.

travel and experience what the world has to offer.

when it's time to go , be happy knowing that you have done the most minimal damage to Mother Earth.

Originally Posted by Unregistered

Man and woman need each other. Don't you wish to have a spouse sleeping next to you every night? Imagine being single and lonely till old age. You risk having a depression due to loneliness. Having a spouse to share your life, especially in old age, is a blissful experience. you can share your worries and problems with your spouse. You can also share your finances together like buying a condo, car and going holidays. The best part is having kids, a joy you will never feel if you don't have kids of your own.

One can be alone and yet not feel lonely.

One can be in a marriage and still feel so alone.

Oh please, enough of this off-topic chatter.

Many posters in their mid to late 40s are claiming to have networth of $2m+. I am not sure if the number of such households has gone up, but that's about our networth when we were in our 40s - 10 years ago. Does it mean that over the last 10 years household income and networth have not grown that much? Or maybe there is a better spread of wealth resulting in more households achieving this networth while in their 40s?

The good news for these households is that by their 50s, 10 years down the road, their networth could breach $5m - provided they don't quit their job prematurely. Among my cohort, many of my friends and colleagues have close to or around this networth. Working is an option, not a need anymore.

Reaching the first $2m is the difficult part, but once you achieve that, the growth starts to get easier. But remember, don't quit prematurely.

Originally Posted by Unregistered

One can be alone and yet not feel lonely.

One can be in a marriage and still feel so alone.

Originally Posted by Unregistered

Oh please, enough of this off-topic chatter.

Many posters in their mid to late 40s are claiming to have networth of $2m+. I am not sure if the number of such households has gone up, but that's about our networth when we were in our 40s - 10 years ago. Does it mean that over the last 10 years household income and networth have not grown that much? Or maybe there is a better spread of wealth resulting in more households achieving this networth while in their 40s?

The good news for these households is that by their 50s, 10 years down the road, their networth could breach $5m - provided they don't quit their job prematurely. Among my cohort, many of my friends and colleagues have close to or around this networth. Working is an option, not a need anymore.

Reaching the first $2m is the difficult part, but once you achieve that, the growth starts to get easier. But remember, don't quit prematurely.

There are two school of thoughts
One say that when reach $2m, then can slow down pace of living.
The other say cannot end prematurely and need further drive to $5m
I am in the cross road with $2m now
What should I do?

Originally Posted by Unregistered

There are two school of thoughts
One say that when reach $2m, then can slow down pace of living.
The other say cannot end prematurely and need further drive to $5m
I am in the cross road with $2m now
What should I do?

Give me half.

Originally Posted by Unregistered

There are two school of thoughts
One say that when reach $2m, then can slow down pace of living.
The other say cannot end prematurely and need further drive to $5m
I am in the cross road with $2m now
What should I do?

Many people retire at 65 with a net worth of less than $1m. If you have a net worth of $2m, you are among the top performers. You can retire at any age as long as your passive income is more than your expenses. How much is your passive income now?