How much savings do you have?

Originally Posted by Unregistered

Agree...I think this is a realistic figure..I am 30 this year..annual income $70K...but considering that I am only 2nd lowers honours and I stopped work for 1-2 years to 'rest' at home.....therefore $100K for someone who has worked 7 years is highly possible!

100k used to be a big deal 10 years ago, but it's the average pay for degree holders in their thirties. 200k is within reach of the average grad in his forties.

300k and beyond requires some luck and effort.

Originally Posted by Unregistered

Whats there to bull about? wife graduated at 22 with first class honors been working for 7 years already, if you work for 7 years and you dont earn 100 k at least p.a. i think its quite sad. i do mgt consulting. so dont slam people when you do not know the industry facts...

Agree, if add bonus, for a couple with at least 2nd hons upper and both working in banks, mncs, law firms or big4, hitting 200k per year is realistic and easily achievable at age 30.
Increasingly Singapore will see two distinct tier of graduate class - the hdb type earning <8k/mth at early 30s and condo type earning >20k/mth at early 30s.

actually my question is how you all accumulate so much cash???

[Hermit]

Originally Posted by Unregistered

Life can be very simple and you can enjoy life from simple pleasures instead obsessing over accumulating wealth! Once in a while, on my way home, I just need to spend $2 on a packet of gummies at the petrol kiosk and I will be antipating the beaming joy from my 5 years old son when I give it to him. Such feelings of happiness from the children is contagious.....When you finally have $2m in your bank, you may feel happy and a sense of pride that you have arrived, but such hapiness will not last. Trust me. In time, it is only a number in your bank account and you will realise that you do not need a lot of money to make yourself happy. You will feel happy when you spend on your loved ones like your parents and children.

Well said, Daddy Unregistered.

Originally Posted by Unregistered

100k used to be a big deal 10 years ago, but it's the average pay for degree holders in their thirties. 200k is within reach of the average grad in his forties.

300k and beyond requires some luck and effort.

assuming your statement is correct that will be 7% increment for 10year to go from 100K to 200K.

This assume you have not hit the salary ceiling.

cash and stock 750k

Mid 30s, household savings in cash and stocks around 800k, with another 100k in endowment and savings plans. Still have outstanding housing loan though.

Annual household income $400k
paid up 1 condo, 1 car
Cash $500k
CPF$100k
both of us just crossed 40 age

Originally Posted by Unregistered

Annual household income $400k
paid up 1 condo, 1 car
Cash $500k
CPF$100k
both of us just crossed 40 age

CPF OA only or CPF OA+SA+Medisave?

100k seems low for people in their forties.

Originally Posted by Unregistered

CPF OA only or CPF OA+SA+Medisave?

100k seems low for people in their forties.

$100k in OA only... all CPF cleared to pay up the condo earlier...