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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 01-02-2012 12:23 PM

Quote:

Originally Posted by i love papaya (Post 20248)
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..

got rich father? or little white face?

Unregistered 02-02-2012 09:46 AM

hi all, acutaly im debt. Any one can give me advise how to save up when in debt?

Unregistered 02-02-2012 01:12 PM

Quote:

Originally Posted by Unregistered (Post 20287)
hi all, acutaly im debt. Any one can give me advise how to save up when in debt?

How much is your debt and how much is your income?

A simple way - sometimes so simple you cringe when you hear it over radio - is to allocate 10% or 20% of your monthly income to pay down your debt. This assumes you make enough to spend! ... which doesn't apply for most people in debt. They wouldn't be in debt if they had made enough.... duh.

Hermit 02-02-2012 02:59 PM

Quote:

Originally Posted by Unregistered (Post 20287)
hi all, acutaly im debt. Any one can give me advise how to save up when in debt?

It depends on what kind of debt.

Most of us are in some kind of debt too, like mortgage and car loans etc.

Unregistered 14-02-2012 02:23 PM

After reading all these, Im even more depressed. I have only a pathetic $1000 savings with no assets though I'm only 24 this year.

Prolly you will feel better, you have double of mine.


Quote:

Originally Posted by Unregistered (Post 16544)
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...


Unregistered 14-02-2012 11:35 PM

Quote:

Originally Posted by Unregistered (Post 20704)
After reading all these, Im even more depressed. I have only a pathetic $1000 savings with no assets though I'm only 24 this year.

Prolly you will feel better, you have double of mine.

Why do you feel depressed? A student is not supposed to have much savings.

That said, I had almost 2k after ROD. That's about 2 decades ago, when ORD was known as ROD. And 2k then is like 3k now.

Unregistered 15-02-2012 10:04 AM

Quote:

Originally Posted by Unregistered (Post 16529)
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.

It is easy to brag on the internet but once ask for more details, diam diam liao

Unregistered 16-02-2012 04:59 PM

Quote:

Originally Posted by Hermit (Post 20297)
It depends on what kind of debt.

Most of us are in some kind of debt too, like mortgage and car loans etc.


I have mortgage, car loan, reno loan plus personal loan debts..... *sigh*

ATAScouple 16-02-2012 06:47 PM

Me (Harvard Grad, 32) + Wife (MIT Grad, 31)

Cash 150k
Stocks 400k
Treasuries/Bonds 350k
2 cars 180k (fully paid)
HDB - 500k (fully paid)
SG Condo - 1.8m (60% loan left)
AUS Property - 700k (fully paid)


We are not in banking or consulting. We are in IT and Science. So this proves you do not have to be in banking to become a millionaire. But you have to play politics and be the guy bringing in the money for the company if you are salaried people

Good Luck all.

Unregistered 16-02-2012 09:18 PM

Quote:

Originally Posted by ATAScouple (Post 20788)
Me (Harvard Grad, 32) + Wife (MIT Grad, 31)

Cash 150k
Stocks 400k
Treasuries/Bonds 350k
2 cars 180k (fully paid)
HDB - 500k (fully paid)
SG Condo - 1.8m (60% loan left)
AUS Property - 700k (fully paid)


We are not in banking or consulting. We are in IT and Science. So this proves you do not have to be in banking to become a millionaire. But you have to play politics and be the guy bringing in the money for the company if you are salaried people

Good Luck all.

How much of your wealth came from inheritance or gifts?

What's your annual income?

I don't doubt your abilities, but to be able to go to US private universities, you guys are either scholars or born with silver spoons.

Non-AO scholars don't have much earning power, so I doubt you are even scholars.


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