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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 09-09-2012 12:36 AM

Great to see many millionaires here in this forum. Surprisingly hasn't seen anyone say their source of wealth is from inheritance, as this is a common avenue of wealth accumulation.

Unregistered 13-09-2012 07:50 PM

Looking at how much money you all have makes me feel bad! I'm 35 and starting to break 100K in my annual income. Have some small savings here and there but nothing like what you guys mention. Is it too late for me to start at 35?

Unregistered 13-09-2012 10:23 PM

Quote:

Originally Posted by Unregistered (Post 28214)
Looking at how much money you all have makes me feel bad! I'm 35 and starting to break 100K in my annual income. Have some small savings here and there but nothing like what you guys mention. Is it too late for me to start at 35?

never too late and better late than never.

start saving now. if you earn 100k, you can save 70k. wait for downturn and buy stocks and condos.

Unregistered 14-09-2012 02:57 AM

Married, mid 30s.

200K stocks, 600K cash, 1.5M home value net of loan.

Comfortable but nothing fantastic

Unregistered 14-09-2012 11:29 PM

Quote:

Originally Posted by Unregistered (Post 28225)
Married, mid 30s.

200K stocks, 600K cash, 1.5M home value net of loan.

Comfortable but nothing fantastic

Agree.....

Unregistered 15-09-2012 09:31 PM

married with 1 kid.
late 30s.
sole breadwinner
annual income 150K
20K cash
20K stock
15k CPF
parents/parents in laws to support.

not struggling but definitely will be if economy turns bad.

Unregistered 15-09-2012 10:36 PM

Quote:

Originally Posted by Unregistered (Post 28268)
married with 1 kid.
late 30s.
sole breadwinner
annual income 150K
20K cash
20K stock
15k CPF
parents/parents in laws to support.

not struggling but definitely will be if economy turns bad.

You're already considered a high earner. Yet you also feel the pressure. Imagine the situation of those who earn much less.

Unregistered 17-09-2012 08:19 AM

Agreed
 
Quote:

Originally Posted by Unregistered (Post 28270)
You're already considered a high earner. Yet you also feel the pressure. Imagine the situation of those who earn much less.


Yes, cannot imagine of those who earn lesser.

But wondering how others can afford expensive cars (Audi, Benz, BMW), condo whom I believe household income definitely more than $200K.

If not, they would be overstretching themselves with such luxury lifestyle.

maomaoma 20-09-2012 08:32 PM

Hello all,

I am turning 24yo,
Starting working since 16, Gotten my Diploma and Degree through Part Time studies, finance it myself by working full time)
Married with 3 Kids (2yo, 1yo, 3mths - LOL)
BTO flat ready in 2014

Cash - 90k (I save 80% of my salary and didnt touch my bonus at all

before I got married 3 years ago)
Stocks - None

Still financing a normal jap
car.
4 years in Corporate/ Retail Sales
2 years in Civil Service (Current)

Took a break for 1year plus to care for my kids.

Unregistered 08-10-2012 01:00 AM

Doing Okay
 
59 years old, single earner, $95 K per year, no kids.

$750 K in cash, stocks, bonds, undeveloped real estate.

$250 K home paid for - no debt.

$4.8 K per month pension in six months if I decide to retire. We live in a suburb of Seattle and it's easy to live on $3.5 K per month.

We be doing okay.


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