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-   -   How much savings do you have? (https://forums.salary.sg/investments-net-worth/1199-how-much-savings-do-you-have.html)

Unregistered 22-09-2011 10:54 PM

Quote:

Originally Posted by MeePokMan (Post 16476)
Hi, I am posting anonymously but I would like any constructive advice from any of you, not necessarily in financial planning. I will appreciate a tip or two from men around my age or older on how to manage my life from this point onwards. My wife and I are in our mid 40s.

Assets
- 3 private properties (includes the one we live in) worth about $4.5M, 2 totally paid up and one with a $1M mortgage outstanding
- $1M in the bank and some stocks
- 2 simple cars with no or minimal loans
- Nett business income $1M-$1.5M a year after tax
- 2 boys still in primary school, doing above average - I would like to send them abroad to study mainly for the more global exposure

We have no expensive hobbies, no parties or horse riding or watches or wines. We eat mostly at home or at coffeeshops and sometimes at a cafe. Almost no one knows how much we make because we dress very simply and do not talk about money very much.

If you are posting in response to me, please address your post to MeePokMan.

Grateful for your time. : )

Your wealth and income are far above that tolerated by many members of this forum. You will likely trigger the following
1. Someone will post to express disbelief.
2. Someone will tell you that a multi-millionaire like you should not be visiting this forum because you have to attend to your expensive hobbies, parties, ride horses, buy watches or wines 24/7.
3. Someone with the nickname "Bill Gates" or "Sultan of Brunei" or "Orang Utan" will soon appear to tell you that he earns billions.

Unregistered 22-09-2011 11:41 PM

Char Kway Tiao Girl
 
Quote:

Originally Posted by MeePokMan (Post 16476)
Hi, I am posting anonymously but I would like any constructive advice from any of you, not necessarily in financial planning. I will appreciate a tip or two from men around my age or older on how to manage my life from this point onwards. My wife and I are in our mid 40s.

Assets
- 3 private properties (includes the one we live in) worth about $4.5M, 2 totally paid up and one with a $1M mortgage outstanding
- $1M in the bank and some stocks
- 2 simple cars with no or minimal loans
- Nett business income $1M-$1.5M a year after tax
- 2 boys still in primary school, doing above average - I would like to send them abroad to study mainly for the more global exposure

We have no expensive hobbies, no parties or horse riding or watches or wines. We eat mostly at home or at coffeeshops and sometimes at a cafe. Almost no one knows how much we make because we dress very simply and do not talk about money very much.

If you are posting in response to me, please address your post to MeePokMan.

Grateful for your time. : )


You are doing so well and need advice from commoners here??

Most of the readers here would probably envy and seeking advice on what business that you are in.

Setting up Mee Pok Chain?

Unregistered 23-09-2011 03:27 AM

Quote:

Originally Posted by Unregistered (Post 16486)
You are doing so well and need advice from commoners here??

Most of the readers here would probably envy and seeking advice on what business that you are in.

Setting up Mee Pok Chain?

Mr Mee Pok,

I think you should get professional advice.

Unregistered 23-09-2011 04:23 AM

Quote:

Originally Posted by MeePokMan (Post 16476)
Hi, I am posting anonymously but I would like any constructive advice from any of you, not necessarily in financial planning. I will appreciate a tip or two from men around my age or older on how to manage my life from this point onwards. My wife and I are in our mid 40s.

Assets
- 3 private properties (includes the one we live in) worth about $4.5M, 2 totally paid up and one with a $1M mortgage outstanding
- $1M in the bank and some stocks
- 2 simple cars with no or minimal loans
- Nett business income $1M-$1.5M a year after tax
- 2 boys still in primary school, doing above average - I would like to send them abroad to study mainly for the more global exposure

We have no expensive hobbies, no parties or horse riding or watches or wines. We eat mostly at home or at coffeeshops and sometimes at a cafe. Almost no one knows how much we make because we dress very simply and do not talk about money very much.

If you are posting in response to me, please address your post to MeePokMan.

Grateful for your time. : )

You don't need any financial planning advice from mere mortals here. You can afford to lose your entire savings and in 1 year you'll still make more than what commoners can't make in their entire lives.

Why don't you share a bit on how you made it rich.

Unregistered 23-09-2011 02:02 PM

Quote:

Originally Posted by Unregistered (Post 16482)
Your wealth and income are far above that tolerated by many members of this forum. You will likely trigger the following
1. Someone will post to express disbelief.
2. Someone will tell you that a multi-millionaire like you should not be visiting this forum because you have to attend to your expensive hobbies, parties, ride horses, buy watches or wines 24/7.
3. Someone with the nickname "Bill Gates" or "Sultan of Brunei" or "Orang Utan" will soon appear to tell you that he earns billions.

Hi friend, thanks for your post. Yes, I have considered the possible types of responses but I believe there are men out there doing considerably better than me. They are the ones I would like to learn a lesson or two from. Not about making more money, but how to live meaningfully, and to use my resources as a tool for good. To those who wish to make negative remarks, I cannot stop you but maybe you will do well too and someday find yourselves in my shoes.

MeePokMan 23-09-2011 02:04 PM

Quote:

Originally Posted by Unregistered (Post 16491)
Mr Mee Pok,

I think you should get professional advice.

Hi, thanks for the reply. I generally mistrust bankers and moneymen including insurance people because they keep trying to sell products. But I will keep that in mind.

MeePokMan 23-09-2011 02:10 PM

Quote:

Originally Posted by Unregistered (Post 16486)
You are doing so well and need advice from commoners here??

Most of the readers here would probably envy and seeking advice on what business that you are in.

Setting up Mee Pok Chain?

Hi Char Kway Tiao Girl, I am sorry if I have stirred up feelings of envy. That was never my intention. But envy exists, and we all have to live with it. I sometimes envy others in my social circle too. There are those who are doing even better or have smarter kids or happier. I am also a commoner. You will not be able to tell me apart from another guy at the wet market or the coffee shop.

I cannot reveal which business I am in. Singapore is a very small place and people in the same industry know one another. I hope you understand. I do not sell mee pok. But I do enjoy eating it. : )

MeePokMan 23-09-2011 02:22 PM

Quote:

Originally Posted by Unregistered (Post 16492)
You don't need any financial planning advice from mere mortals here. You can afford to lose your entire savings and in 1 year you'll still make more than what commoners can't make in their entire lives.

Why don't you share a bit on how you made it rich.

Hi, I am just a mere mortal like everyone else. And I am not looking for financial planning advice, but more on how to live wisely and in a meaningful way. My savings and business earnings were accumulated over the years and not a windfall. So I do not spend as if I had just hit toto.

Unregistered 23-09-2011 05:01 PM

Quote:

Originally Posted by MeePokMan (Post 16516)
Hi, I am just a mere mortal like everyone else. And I am not looking for financial planning advice, but more on how to live wisely and in a meaningful way. My savings and business earnings were accumulated over the years and not a windfall. So I do not spend as if I had just hit toto.

Hi MeePokMan,

I think you can live wisely by having your favourite Mee Pok.

It would be meaningful to share part of your fortune to those misfortune.

And if you have accumulated enough passive income, try to volunteer and help out those unfortunate.

Believe your life would be much fulfiling when you share and care. But first take care of your immediate family, then try to achieve little by little in giving.

Unregistered 23-09-2011 11:01 PM

Quote:

Originally Posted by MeePokMan (Post 16514)
Hi Char Kway Tiao Girl, I am sorry if I have stirred up feelings of envy. That was never my intention. But envy exists, and we all have to live with it. I sometimes envy others in my social circle too. There are those who are doing even better or have smarter kids or happier. I am also a commoner. You will not be able to tell me apart from another guy at the wet market or the coffee shop.

I cannot reveal which business I am in. Singapore is a very small place and people in the same industry know one another. I hope you understand. I do not sell mee pok. But I do enjoy eating it. : )

Even if you can't reveal your line of business, could you share your experience on how you got started? Did you quit a comfortable job to plunge head-on into the wilderness of business? Where did you pick up the know-how? Did some mentor guide you along?

We've heard too many stories about the common salaryman, and yearn to hear more about genuine business upstarts.


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