42yo single
Cash 501k Cpf 405k No house, no car, no women, Riding bicycle to work daily, eat cai png. Live simple |
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Very true.
Without a car, a house and no other assets to acquire, your savings can only accelerate as you grow in seniority in your job with corresponding salary increase. Even for us as a family with 2 kids, we saw our savings rate accelerates after we turned 50. Financial commitment taper off while salary goes up. Powerful combination. Quote:
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43 years old wife 42 not working
income only 180k per annum :( 1 fully paid shophouse valued current residence 2.9 mil (800k loan left) valued 900k condo (345k loan left) valued 780k condo (350k loan left) valued 850k condo (400k loan left) if you wondered how i countered TDSR , bought all b4 it was introduced... |
46 yo couple with 2 teenage children
filed annual income tax last year approx $400k owns a OCR condo and luxury car paid up cash + stocks + cpf about $2 Mil waiting to pick up second property work another 10 years till retirement. how are we doing? |
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how am i doing? |
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Out net asset is about same as yours, we are 3 years younger and property is a $2.5M FH terrace with $0.7M loan. Rest in liquid assets. |
28 and 40 yrs old
combined income inc bonuses : 250k pa side biz income: 2k/mth cpf combined about 580k savings in cash: 60k stocks/bonds/fixed d: about 1.5m condo: 2m left about 750k loan. 5.5k/mth rental income fully paid new conti car staying in bungalow with parent. only pay for maid and PUB inheritance: 7m in property/stocks/cash 3 dogs 1 cat 1 kid no plans on retiring early. |
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