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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)

Hermit 14-06-2012 06:22 PM
Quote:
Originally Posted by Unregistered (Post 25601)
Age late 30s with spouse no kid. household profile:

1 hdb $500k (fully paid)
1 pc $1.7m ($1.3m mortgage)
cpfoa+srs $110k
cash $270k
stocks+funds $375k
annual income $450k
Get rid of HDB flat and get another private property?

Unregistered 14-06-2012 08:29 PM
Quote:
Originally Posted by Hermit (Post 25724)
Get rid of HDB flat and get another private property?
too much risk

Unregistered 15-06-2012 11:08 AM
Quote:
Originally Posted by Unregistered (Post 24549)
Savings is very impt in order to have the first pot of gold, for investing. And one should start to save early. Just 10 years ago, if you had saved $50K cash and $50K in CPF, you would be able to afford a 20% downpayment and buy a 1200 sqf suburban condo for $0.5m. This condo will be worth $1m now and you would have made at least $300-400K (after deducting for interest, stamp duty, other misc costs) from your $50K cash and $50K CPF. Few years ago, many shares including blue chips are selling below their NRV but many are too fearful to buy. Those who bought the shares then would have made at least a few folds by now.

I believe some of the stories and claims are true although I also find it rather increduous that there are so many millionaires contributing their success stories in this forum.


My sentiments exactly.well put.

Unregistered 17-07-2012 12:01 PM
husband and wife in late 30s. ~1m cash + stocks.

quite happy with this achievement. we weren't high earners for a long time.

Unregistered 05-08-2012 02:29 PM
37 yo working for 11 years
10K in cash
170K in stocks
100K in CPF investment
130K in CPF

currently single, never own a house and car before.

Unregistered 05-08-2012 04:03 PM
Quote:
Originally Posted by Unregistered (Post 27347)
37 yo working for 11 years
10K in cash
170K in stocks
100K in CPF investment
130K in CPF

currently single, never own a house and car before.
quite low in cash, but otherwise very average for a 37 yo.

Unregistered 05-08-2012 10:07 PM
Married, mid 30s.

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

Comfortable but still far from being financially free

Unregistered 06-08-2012 05:53 AM
40's couple

4 room HDB flat, fully paid, now worth $500k

50k cash, $100k CPF

Annual income combined $100k

Can we upgrade to a condo?

Unregistered 06-08-2012 07:17 AM
Quote:
Originally Posted by Unregistered (Post 27360)
40's couple

4 room HDB flat, fully paid, now worth $500k

50k cash, $100k CPF

Annual income combined $100k

Can we upgrade to a condo?
Yes why not? Go for the mass market ones.

Unregistered 03-09-2012 03:47 AM
age 21
110k in stocks
10k cash

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.

Say you, Say Me 08-10-2012 03:21 PM
No Big Deal
 
No big deal. My friend has cash of over $20million and shares over half that amount and he is only in his early 30s!! Even drives a Lamborghini.

Know why? According to him he says many rich ah-siah kias in Singapore have rich fathers who have only 1 to 2 child. These people will never tell you their money is dropped from their fathers' pants or their parents give them money to start a booming business enterprise or their father gave them the house etc.

They just tell you they have 'made it' because of their 'own' (ehem) capability. Well, that's only HALF the story of course and they leave the other half to your greedy 'imagination' :)

Unregistered 11-10-2012 03:38 PM
Have the following:

1. Cash - S$140k tied up in company account.
2. Stocks - zero
3. Property: 1 house in UK (S$400k fully paid) and 1 flat in Paris (S$350k 50% paid up).
4. Car - prefer taxi or MRT

Unregistered 11-10-2012 03:42 PM
Forgot to mention that i'm 37 yrs old with wife and 2 kids. Currently salary about S$130k but fluctuates due to running own biz. Am feeling insecure in SG as i never feel comfortable with properties going up, up and up. Renting HDB for S$2.5k p.m.

Unregistered 11-10-2012 04:01 PM
Quote:
Originally Posted by Unregistered (Post 28955)
Forgot to mention that i'm 37 yrs old with wife and 2 kids. Currently salary about S$130k but fluctuates due to running own biz. Am feeling insecure in SG as i never feel comfortable with properties going up, up and up. Renting HDB for S$2.5k p.m.
Are you a PR or a citizen?

Unregistered 11-10-2012 11:51 PM
Seeing all your posts, really make me reflect at my money mis-management, and also lack of foresight... but then, life lessons sometimes are expensive.

34 now, married.

Annual income (myself only) - $160K
Cash - $10K
Stocks - $0
1 4RM HDB flat (550K val) - with 450K loan left

Lost most of my cash in business... so good lesson...

Unregistered 12-10-2012 12:04 AM
Quote:
Originally Posted by Unregistered (Post 28973)
Seeing all your posts, really make me reflect at my money mis-management, and also lack of foresight... but then, life lessons sometimes are expensive.

34 now, married.

Annual income (myself only) - $160K
Cash - $10K
Stocks - $0
1 4RM HDB flat (550K val) - with 450K loan left

Lost most of my cash in business... so good lesson...
With your relatively high income, if you are prudent you should have no problem accumulating some wealth in a few years.

May I know how you managed to get a high paying job after your business venture?

Unregistered 12-10-2012 12:18 AM
Quote:
Originally Posted by Unregistered (Post 28974)
With your relatively high income, if you are prudent you should have no problem accumulating some wealth in a few years.

May I know how you managed to get a high paying job after your business venture?
Yea, now main focus on saving and increasing my net-worth, which was battered when I did business between 28 - 31.

Well, when you do business, you meet a lot of people, and gain a lot of real world experience. Basically, the school of hard knocks. Opens your eyes and makes you hungry, so gives you an edge to climb very fast when you go back to the corporate world. Corporate world seems to crawl very slowly by then....

Unregistered 12-10-2012 09:43 AM
Quote:
Originally Posted by Unregistered (Post 28976)
Yea, now main focus on saving and increasing my net-worth, which was battered when I did business between 28 - 31.

Well, when you do business, you meet a lot of people, and gain a lot of real world experience. Basically, the school of hard knocks. Opens your eyes and makes you hungry, so gives you an edge to climb very fast when you go back to the corporate world. Corporate world seems to crawl very slowly by then....
Thanks for sharing. Are you in a sales-related role now?

Unregistered 12-10-2012 10:44 AM
Quote:
Originally Posted by Unregistered (Post 28978)
Thanks for sharing. Are you in a sales-related role now?
No problem, I'm also here to learn from others. Nope, not in sales, more in IT line.

Unregistered 12-10-2012 12:20 PM
Quote:
Originally Posted by Unregistered (Post 28982)
No problem, I'm also here to learn from others. Nope, not in sales, more in IT line.
Hope you don't mind if I ask further: is it IT project management related, or support related?

Thanks!

Unregistered 12-10-2012 02:57 PM
always thought i'm the more fortunate among my peers until i see the multi mil networth most folks in this forum has... haiz...

32 yrs married with 1 kid
combined annual with wife about S$200k

Jap car fully paid for
HDB Executive Condo (S$200k loan left)
Stocks and Cash (~S$400 - S$450k ish with wife)

Unregistered 12-10-2012 06:12 PM
myself: 200K, IT
Wife: 100K, banking

Age: mid 30s

Home: terrace house, valued at 2.4M

Cash and stocks: 750K

Unregistered 12-10-2012 11:53 PM
Quote:
Originally Posted by Unregistered (Post 28990)
always thought i'm the more fortunate among my peers until i see the multi mil networth most folks in this forum has... haiz...

32 yrs married with 1 kid
combined annual with wife about S$200k

Jap car fully paid for
HDB Executive Condo (S$200k loan left)
Stocks and Cash (~S$400 - S$450k ish with wife)
Living in a HDB, regardless of size, is nothing to be proud of.

Unregistered 13-10-2012 07:08 AM
Quote:
Originally Posted by Unregistered (Post 29000)
Living in a HDB, regardless of size, is nothing to be proud of.
at least its a roof over the head, many of my friends are struggling high the high COVs..

Unregistered 15-10-2012 10:01 AM
age 25

job - foriegn banker

cash: only ard sgd 50k (self investor)
fixed D/investments: sgd 200k

Unregistered 15-10-2012 06:34 PM
Quote:
Originally Posted by Unregistered (Post 29000)
Living in a HDB, regardless of size, is nothing to be proud of.
Not sure why some people must put others down. HDB nothing to be proud of? So what if you got many condos/private property to your name? You are just the type that I totally ignore when it comes to social functions....

Unregistered 15-10-2012 08:42 PM
Quote:
Originally Posted by Unregistered (Post 29076)
Not sure why some people must put others down. HDB nothing to be proud of? So what if you got many condos/private property to your name? You are just the type that I totally ignore when it comes to social functions....
We are all here to compare salaries.

So you are proud of mediocrity?

If your son gets a C, you're happy?

If the government can't perform and screws up policies, you're proud?

Unregistered 15-10-2012 09:15 PM
Quote:
Originally Posted by Unregistered (Post 29081)
We are all here to compare salaries.

So you are proud of mediocrity?

If your son gets a C, you're happy?

If the government can't perform and screws up policies, you're proud?
er... you are comparing apples/oranges?

Whoever said anything about being proud of mediocrity?

I am just saying why should a person staying in a HDB flat, with a respectable job (he and wife combine income $200K??) be put down?

So if you son get a C, you disown him ah? That's what you trying to tell me?

Unregistered 16-10-2012 09:48 AM
In Singapore, if you don't live in a private property, you are actually a nobody. That's a reality. Noone will tell you this in your face in the real world. We are now in an online forum so people will tell you the hard facts.

Those who live in hdb - nobody
Those who live in condo - almost there
Those who live in a landed property - you've arrived and indeed a somebody. Only 5% of Singaporeans live in a landed property

Work harder to be a somebody in your life

Unregistered 16-10-2012 10:33 AM
Quote:
Originally Posted by Unregistered (Post 29095)
In Singapore, if you don't live in a private property, you are actually a nobody. That's a reality. Noone will tell you this in your face in the real world. We are now in an online forum so people will tell you the hard facts.

Those who live in hdb - nobody
Those who live in condo - almost there
Those who live in a landed property - you've arrived and indeed a somebody. Only 5% of Singaporeans live in a landed property

Work harder to be a somebody in your life
Keyboard warrior, what makes you think i'm not staying in a landed? :)

Just that I don't really put down other people who stay in a HDB but have an honest living.

That's the difference. I think enough has been said. Lead your life, and if life throws you a curve ball, be sure to come back and read this statement that you have written.


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