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How much savings do you have?

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  #291 (permalink)  
Old 09-09-2012, 12:36 AM
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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.

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  #292 (permalink)  
Old 13-09-2012, 07:50 PM
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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?

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  #293 (permalink)  
Old 13-09-2012, 10:23 PM
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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.

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  #294 (permalink)  
Old 14-09-2012, 02:57 AM
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Married, mid 30s.

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

Comfortable but nothing fantastic
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  #295 (permalink)  
Old 14-09-2012, 11:29 PM
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Quote:
Originally Posted by Unregistered View Post
Married, mid 30s.

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

Comfortable but nothing fantastic
Agree.....


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  #296 (permalink)  
Old 15-09-2012, 09:31 PM
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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.
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  #297 (permalink)  
Old 15-09-2012, 10:36 PM
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Quote:
Originally Posted by Unregistered View Post
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.
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  #298 (permalink)  
Old 17-09-2012, 08:19 AM
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Quote:
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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.
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  #299 (permalink)  
Old 20-09-2012, 08:32 PM
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maomaoma is on a distinguished road
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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.

Last edited by maomaoma; 20-09-2012 at 08:36 PM.
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  #300 (permalink)  
Old 08-10-2012, 01:00 AM
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Default 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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