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How much savings do you have?

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  #1171 (permalink)  
Old 04-05-2017, 11:45 AM
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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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  #1172 (permalink)  
Old 06-05-2017, 11:16 PM
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Quote:
Originally Posted by Unregistered View Post
42yo single
Cash 501k
Cpf 405k
No house, no car, no women,
Riding bicycle to work daily, eat cai png. Live simple
You are going to be a millionaire very soon

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  #1173 (permalink)  
Old 07-05-2017, 09:15 AM
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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.

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You are going to be a millionaire very soon

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  #1174 (permalink)  
Old 19-05-2017, 08:50 PM
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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...
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  #1175 (permalink)  
Old 20-05-2017, 06:25 PM
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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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  #1176 (permalink)  
Old 21-05-2017, 04:41 PM
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Quote:
Originally Posted by Unregistered View Post
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?
congratulations. you truly belong to the upper middle class and for sure you can retire by 55.
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  #1177 (permalink)  
Old 25-05-2017, 11:24 PM
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Quote:
Originally Posted by Unregistered View Post
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...

how am i doing?
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  #1178 (permalink)  
Old 26-05-2017, 09:04 AM
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Quote:
Originally Posted by Unregistered View Post
how am i doing?
Not enough to retire well unless downgrade to hdb.

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.
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  #1179 (permalink)  
Old 26-05-2017, 10:07 PM
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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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  #1180 (permalink)  
Old 27-05-2017, 09:07 AM
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Quote:
Originally Posted by Unregistered View Post
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.
31yo with 340K in stocks, bonds, fd. Average return 2% + pa. How to further level up from here. At current pace of progression, hard to hit a million by 35.
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