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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 16-08-2013 11:24 PM

Here is mine:

25 years old, degree holder, and started work for half a year.....$28k cash (not including CPF)...

Would have $50k more if I did not indulge in gambling at the casinos....but it is never too late to change....completely stayed away for 4 months already with a self-ban....

$28k cash seems okay to me for a fresh grad but heart really pain when thinking of the $50k that i lost.....carefully saved from jobs during uni and NS days....

Now i have to start afresh

lordlad 07-10-2013 05:14 PM

Age 31 single,

Cash in Hand: 15k equivilant
Stocks and share: USD15k equivilant
CPF Ordinary only: 91k equivilant
Monthly gross salary: 6k

No debts, no installment, no house, no car....

I dunno what what's wrong with me when it seems everybody here around my age is having so much cash-in-hand than me? I travel alot but i don't gamble and/or have any bad habits and wasting money on alcohol....so i really don't understand how it is you guys can accumulated so much cash.

An overview from here is almost like everyone here is at least a millionaire (or near) in net value.

Unregistered 11-10-2013 11:41 AM

Quote:

Originally Posted by lordlad (Post 43515)
I dunno what what's wrong with me when it seems everybody here around my age is having so much cash-in-hand than me? I travel alot but i don't gamble and/or have any bad habits and wasting money on alcohol....so i really don't understand how it is you guys can accumulated so much cash.

I also don't really understand. I travel a fair bit too. Had a few vices for about a year. Own 10k+ camera gear and indulge in expensive tailored clothes once in a while. Started work at 25 and somewhat having just about the same "savings" as you with lower income. You sure you not spending too much beyond your means?

Age 28 single.

Cash in Hand: ~16k
Liquid Assets: ~10k forex, ~7k shares
CPF Ordinary only: ~29k
Monthly gross salary: ~3.6k

No debts, no installment, no house, no car, no GF

lordlad 11-10-2013 11:47 AM

Quote:

Originally Posted by Unregistered (Post 43708)
I also don't really understand. I travel a fair bit too. Had a few vices for about a year. Own 10k+ camera gear and indulge in expensive tailored clothes once in a while. Started work at 25 and somewhat having just about the same "savings" as you with lower income. You sure you not spending too much beyond your means?

Age 28 single.

Cash in Hand: ~16k
Liquid Assets: ~10k forex, ~7k shares
CPF Ordinary only: ~29k
Monthly gross salary: ~3.6k

No debts, no installment, no house, no car, no GF

good question.........although i did travel quite alot due to my backpacking hobby.....travel at least once per quarter...(US, Europe, Australia, APAC, u named it, i've probably been to it)

another reason is maybe i paid quite abit for my insurance and to my mum as allowance per month (as much as 1/3 of my current salary)



p.s. Don't worry about your salary...I was earning the same as you when I was 28-ish..

Unregistered 12-10-2013 02:08 PM

Single 34 yo.

Cash+stocks : $108K
CPF ordinary only: $41K
5-room hdb : loan outstanding $140K, market value $465K
No car
Annual income: $70K

As a uni grad I'm considered doing very badly. Most of my peers are doing much better than me. Main culprit is my lower income and I also spent quite a lot during my younger days on useless MLM products and paying tithes of more than 10%. I don't go to church nowadays so managed to save up more.

Unregistered 12-10-2013 03:47 PM

36yo
Hdb fully paid , valued 550k
D9 Condo 2m, loan 1m, rented out 5.5k/mth
KL Condo rented out myr3.5k/mth, myr 250k loan left
Cash 250k, stock 150k, toyota vios fully paid
Base salary 200k + 40k bonus + 25k passive dividend/rental net installment
Next stage is to invest in business or london property

Unregistered 12-10-2013 04:04 PM

You are doing ok financially as your net worth is close to half a million. The only problem is you are not married. Singles have a higher chance of having a depression when they grow old. Go and get a rich wife, you will be happy and financially secure. Never mind if she is 50 years old. You can do it.

Quote:

Originally Posted by Unregistered (Post 43768)
Single 34 yo.

Cash+stocks : $108K
CPF ordinary only: $41K
5-room hdb : loan outstanding $140K, market value $465K
No car
Annual income: $70K

As a uni grad I'm considered doing very badly. Most of my peers are doing much better than me. Main culprit is my lower income and I also spent quite a lot during my younger days on useless MLM products and paying tithes of more than 10%. I don't go to church nowadays so managed to save up more.


Unregistered 12-10-2013 04:09 PM

You are very rich, go get a wife to help you spend your money. You will be happy having a wife, then how else to you take care of your man needs?

Quote:

Originally Posted by Unregistered (Post 43770)
36yo
Hdb fully paid , valued 550k
D9 Condo 2m, loan 1m, rented out 5.5k/mth
KL Condo rented out myr3.5k/mth, myr 250k loan left
Cash 250k, stock 150k, toyota vios fully paid
Base salary 200k + 40k bonus + 25k passive dividend/rental net installment
Next stage is to invest in business or london property


Unregistered 12-10-2013 05:22 PM

Here's mine:

Age 37, married
Job: middle management in MNC, $200K base, $20K bonus
Home: landed $2.7M, loan $850K
Cash: $550K
Stocks: $250K
Dividend income: $11K
Car: second hand bmw

Main focus now is alternative income source to be less reliant on corporate job security

Unregistered K 26-10-2013 03:16 AM

I'm amazed at all your salaries and investments. Made me learn a lot from you guys! Now i know where the high income people come from.


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