How much savings do you have?

Couple (mid 30s)

Cash 65k
Stocks 70k
Cpf (OA) 20k
No car
Flat 600k (80% fully paid up)
Income (gross) 200k combined

We should have more savings but as both my hubby and I spent alot when we were young, i also stopped work for a few years when my first child was born.

Now with 2 kids n 1 maid really wish we had saved more back then.

My advice to young couple starting out, always have a longer time horizon in financial planning. Its cool to defer gratification till later, not cool to defer kids because you want instant gratification as kids are not guaranteed thing...dont regret not having them only too late 😃

Originally Posted by Unregistered

Couple (mid 30s)

Cash 65k
Stocks 70k
Cpf (OA) 20k
No car
Flat 600k (80% fully paid up)
Income (gross) 200k combined

We should have more savings but as both my hubby and I spent alot when we were young, i also stopped work for a few years when my first child was born.

Now with 2 kids n 1 maid really wish we had saved more back then.

My advice to young couple starting out, always have a longer time horizon in financial planning. Its cool to defer gratification till later, not cool to defer kids because you want instant gratification as kids are not guaranteed thing...dont regret not having them only too late 😃

Good advice. Considering you income level and age, you are in pretty ok shape going forward. I would say you are in very comfortable position as long as lifestyle is simple.

Age: 48. single income

Cash 2.7M
Stocks 800k
CPF 700k
SRS 250k
Car MPV - fully paid
Condo 3 rooms (1.8M) - fully paid
Condo 2 rooms (1.2M) - fully paid. Rental income 5k/month

Originally Posted by Unregistered

Couple (mid 30s)

Cash 65k
Stocks 70k
Cpf (OA) 20k
No car
Flat 600k (80% fully paid up)
Income (gross) 200k combined

We should have more savings but as both my hubby and I spent alot when we were young, i also stopped work for a few years when my first child was born.

Now with 2 kids n 1 maid really wish we had saved more back then.

My advice to young couple starting out, always have a longer time horizon in financial planning. Its cool to defer gratification till later, not cool to defer kids because you want instant gratification as kids are not guaranteed thing...dont regret not having them only too late 😃

My advice is to be balanced. It's ridiculous to live with the attitude that any day can be your last, but at the same time scrimping all the time also makes for a miserable existence. If you have a hobby e.g. traveling, make sure you engage it at least once a year. Good memories will serve you well during tough times.

Originally Posted by Unregistered

Age: 48. single income

Cash 2.7M
Stocks 800k
CPF 700k
SRS 250k
Car MPV - fully paid
Condo 3 rooms (1.8M) - fully paid
Condo 2 rooms (1.2M) - fully paid. Rental income 5k/month

when did u buy your 2 room condo and location? how come rental so high, yield almost 5%. are you lying?

Originally Posted by Unregistered

Age: 48. single income

Cash 2.7M
Stocks 800k
CPF 700k
SRS 250k
Car MPV - fully paid
Condo 3 rooms (1.8M) - fully paid
Condo 2 rooms (1.2M) - fully paid. Rental income 5k/month

What do you do? How much you earn per month?

Are you a professional gambler?

Too good to be true.

Originally Posted by Unregistered

What do you do? How much you earn per month?

Are you a professional gambler?

Too good to be true.

Could be inheritance. Or a super high paying job like a banker, lawyer, doctor, perm sec, or minister.

45, unemployed, ex-high flyer.

live in a condo, fully paid

what should i do? i dont want to go back to the nasty, hypocritical, corporate world.

what job should i do? taxi driver earning $7k pm or tuition teacher earning $10k pm, which is better, not only in monetary terms but also social standing? both are noble jobs.

Got fired or quit on impulse?

Originally Posted by Unregistered

Age: 48. single income

Cash 2.7M
Stocks 800k
CPF 700k
SRS 250k
Car MPV - fully paid
Condo 3 rooms (1.8M) - fully paid
Condo 2 rooms (1.2M) - fully paid. Rental income 5k/month

I had 2X what you had at the same age, but how did SRS get to 250K? You would have contributed just about $130K if you've been contributing the maximum since the scheme was introduced. Have you been punting stocks with your SRS?