Late 30s couple, financial industry

Double storey freehold terrace house: $2.7M
Cash, stocks and funds: $1.2M
Overseas property $0.3M
Debt free

Made good money from buying and selling 3 private properties between 2003 and 2011

Just sharing, don't flame

Don't stop there. Share some of that money with the rest of us!

Hi there, 30 yr old couple here. We also just held our wedding and completed renovations for our BTO. We spent about 40K on the wedding, and another 45K on renovations. We started off with ard 200K in savings (started saving up for big purchases 3 years ago). Fortunately, we managed to cover the wedding cost with the blessings received, and paid some of the household items in instalments. Plus we are still working at the same time, hence our finances didn't hurt. As of now, our savings have not dipped and still at 200K after our honeymoon.

You're lucky. What's your household income?

Just wondering how many of you would consider $5m to $6m as sufficient savings for you to consider retiring?

With $5m (Household networth), this is what I would do

1. Primary residence - $1.5m (doesnt generate passive income)
2. Stocks - $1m (generates about $45K pa of dividends)
3. Bonds - $500K (generates about $25K pa of coupons/interests)
4. CPF -- SA $440k (combined) -- (generates $17.6K pa in interests)
5. CPF -- MA $99.6k (combined) -- (generates about $4k pa in interest)
6. CPF --- OA $1m (combined) -- (generates $25k pa in interest)
7. Mickey Mouse (1 bedder rental) apt -- $700k (generates $24k pa in rental income)
8. Emergency cash -- $100k (generates zero interest)

Total passive income = $140K pa

With $6m, I would add the following investment

9. Another 2 bedder rental apt - $1m (generates $40K rental)

Total passive income = $180k pa.

Reality check:

Before 55, the interests earned in CPF accounts cannot be withdrawn, so available passive income before 55 is only: $134k pa

Would welcome suggestion on how to work the money harder for better cash flow.

9k pm combined. But parents did help us cover part of renovation costs, so not too bad.

I'm the poster. 10K combined income, but only recently as both of us had significant pay increment over the past 2 years.

I think your money is already work hard for you unless your spending is much higher than your passive income.

You must be a high earner or businessman that pay your property in cash or inherited/supported by family members. Otherwise you may have make the cash from property enbloc or sold those property that you have purchased before year 2007.

And your age should be close to 50 years old, if not 48-49.

Per your description, you doesn't seem to be a high risk taker in investment and prefer to invest in safer asset such as bond, property, blue chip stock and CPF.

I wish to learn from you and thus are unable to give any good suggestion.

My current net worth including HDB (don't own any private prty) minus off loan is $2.4M and is in the mid-40's.

My aim is to build up strong CPF account like you and have a passive income of $100K (including CPF interest) when I reach 50. Btw, I am sole breadwinner and the passive income is nothing for a household with young children. That also explain reason why I don't have second property as the risk is too high to take in the event of jobless and having to pay mortgage.

couple age 42 and 47
cash 670k
shares 230k
cpf OA 360k
cpf SA 350k
no pte proverty, no debt.
saving >50k per year
income 200k per year
2 kids, 1 maid, 1 car.
Can retire when?

Now can resign from full time job liao lo. Get on a part time scheme that pays some salary. With your net worth, can relax liao