After reading all these savings and assets you guys have, I've become depressed. Very depressed.
I'm in my late 20s and currently, i ONLY have ~$2k in my bank a/c. Zero assets. i guess i have to sell my kidney. Interested? Sigh... |
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You may ask: save for what? Well, my answer: for rainy days, for unforeseen expenses, and for making even more money when opportunity strikes - for example, a business opportunity or an investment opportunity (condo fire sale, stocks fire sale, ...) |
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my wife and i started with nothing and slowly built up savings of just over 300K after 7 years of working, but in the next 6 years we managed to increase that to over 2.2M through some well-timed property investments and also our salaries doubled. |
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Just to share: 48 years old man, wife not working
Income active + passive = 280k Cash = 500k Stock = 400k CPF = 500k Property = 1.5M Loan = 900k Retirement plan at 55 years old, hopefully with: Cash + Stock = 1.7M CPF = 300k Property full paid Always my dream to retire with 2M asset without considering property if possible. |
tired and want2retire
Our gahmen have been urging people to work till they drop and their goons are saying 50 is the new 40, blah blah blah. But when you are tired, you are tired....
My goal is to build up enough and consistent stream of passive income so that I can retire with fewer worries, but I am at my wits end how to do it. Some of you forummers seemed to have achieved good passive income stream. Please share... |
landed property worth $1.5 mil fully paid
condo worth $700K half paid up cash and cpf $100K 47 years old feeling miserable cos many here are earning and worth much more than me |
single mid 30's
cash 25 million sgd ferrari F430 scuderia fully paid AMG C63 fully paid freehold condo fully paid stocks all sold.. too volatile.. |
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