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How much savings do you have?

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  #11 (permalink)  
Old 01-02-2011, 05:01 PM
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Age 40

Cash - 350k
Stocks - 230k

Car in Australia, house in Australia, Japan

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  #12 (permalink)  
Old 01-02-2011, 05:06 PM
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Please lar, you people here really know how to tua pao xian. All say easily net worth got at least 500k to 1+million before 40 years old. My toes are laughing lar. If you say you mid 30s @ 35 years old, for guys only work around 10 years after graduation, come & talk cock you got 500k in cash stocks property!? You need to save minimum 50k per year nia, I think most of you donít even have take home pay of 50k per year after working 10 years

And dun need to come up with the usual BS of being a market wizard or property flipper. This kind I hear everyday from people who during lunch claim they financial tyco, then after lunch go back tio gan by boss just to make that miserable 4k per month -__-

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  #13 (permalink)  
Old 02-02-2011, 12:00 AM
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Quote:
Originally Posted by Unregistered View Post
Please lar, you people here really know how to tua pao xian. All say easily net worth got at least 500k to 1+million before 40 years old. My toes are laughing lar. If you say you mid 30s @ 35 years old, for guys only work around 10 years after graduation, come & talk cock you got 500k in cash stocks property!? You need to save minimum 50k per year nia, I think most of you donít even have take home pay of 50k per year after working 10 years

And dun need to come up with the usual BS of being a market wizard or property flipper. This kind I hear everyday from people who during lunch claim they financial tyco, then after lunch go back tio gan by boss just to make that miserable 4k per month -__-
Haha nice one. But unfortunately you are the one who gets laughed at eventually. You should stick to EDMW.

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  #14 (permalink)  
Old 02-02-2011, 02:38 AM
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Originally Posted by Unregistered View Post
Haha nice one. But unfortunately you are the one who gets laughed at eventually. You should stick to EDMW.
Well at least it's 3a and not 3b, based on the following protocol created by someone in the thread "How much are you earning per annum?"

Quote:
Originally Posted by Unregistered View Post
Step 1 - Bored at work so come into salary.sg and look at salary thread.

Step 2 - Read posts. If salary stated is lower than own salary, feel smug and find something else to do. If salary of posters is higher than own salary, take offence and go to step 3.

Step 3 - EITHER:

a. criticise the post which offended you and claim that the poster is lying. Depending on amount of free time, engage in flame war

OR

b. create own bullshit post with an outrageously high fantasy salary to piss other people off.

Step 4 - 'Rebel' by posting outrageously low salary to make political statement about the plight of the poor in Singapore.
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  #15 (permalink)  
Old 02-02-2011, 08:37 AM
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Ok, this is mine and its the honest truth.

Me - 31 yr old
wife - 29 yrs old

cash - 40k
stock - 0k
car - worth 90k now - 50k of loan left
condo - worth 1.2 mil...700k of loan left
commercial property - worth 300k - 200k of loan left

is this stupid? with so little cash
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  #16 (permalink)  
Old 02-02-2011, 08:58 AM
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Wow how did you manage to get a commercial property at 300K?

Mine (honest truth)

Age: 31(me)/28(wife)

Cash: 25K
Stocks: 50K
Condo: Worth 900K (loan left 500K)
Condo: Worth 1.1 M (loan left 800K)

Easy to save for down payment before start of cool down measures. I save around 50K every year ever since graduation.
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  #17 (permalink)  
Old 02-02-2011, 09:21 AM
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Quote:
Originally Posted by Unregisteredtounreg View Post
Wow how did you manage to get a commercial property at 300K?

Mine (honest truth)

Age: 31(me)/28(wife)

Cash: 25K
Stocks: 50K
Condo: Worth 900K (loan left 500K)
Condo: Worth 1.1 M (loan left 800K)

Easy to save for down payment before start of cool down measures. I save around 50K every year ever since graduation.

there are... office spaces (1000 sq ft) at launch prices from developers
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  #18 (permalink)  
Old 02-02-2011, 09:54 AM
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Quote:
Originally Posted by Unregisteredtounreg View Post

Easy to save for down payment before start of cool down measures. I save around 50K every year ever since graduation.
You another super tua kang one. To save 50k once you graduate means 4.2k per month, add back another $900 on CPF and that means you need to make 5.1k on your first job even if you don't spend a single cent.

Even if I assume you some super saver who save 70% of your salary on your first year of work, it will mean that your first year job after graduation is $7300 per month! Thanks for the laughs...
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  #19 (permalink)  
Old 02-02-2011, 10:04 AM
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I am more a unit trust guy.

Not married at 33

Cash 180k
Unit trust, fund, ilp combine: 550k
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  #20 (permalink)  
Old 02-02-2011, 10:06 AM
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Thanks unregistered, it looks like the commercial property markets are overheating but still worth a look.

earn more, save more, what's the big deal? You are pathetic! Hahahahaa
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