what head? c*ckhead?

Married both 35
No child no car
3rm flat worth 420000 at marine parade
(Loan left 170000)
Wife inherit a landed with 20% interest value btw 2-3mil
Saving of 250k cash
Insurance surrender value 100k

So bottom line
250k (cash)
100k (ins surrender)
250k (flat)
400-600k (landed)
1-1.2million net worth

R we ok ?

Yes, you are ok. Get a child and a car.
How much is your annual household income and savings?

No interest in driving a car plus some concerns in having natural birth.
Mayb adopting though

me 29 wife 24
cash 600k
stocks 250k
luxury watches/bags 100k
hdb half paid.

How much per hour for your wife? She must be spreading her legs a lot to be earning that much at this age. Sorry I don't do guys.

Age: 26
Education: N level & O level (local study)
Salary: $4,000 pm
Savings: ~$10,000
stocks: $300k
Gold: $10k
HDB fully paid
Car: Company car
House: stay in parent's HDB, Looking for new house.

I'm 31 and my wife's 29 this year. Appreciate if we can get some advice on whether our financial profile is decent and how it can be improved.

- Combined income of ~$210k/year.
- Owns a HDB (outstanding loan is ~$280k; and it's valued @ $510k)
- We both drive and both cars are paid up.
- Have about $260k of cash sitting in various banks (part of them is earning the OCBC 360 bonuses interests; some of them in time deposits giving a meagre 1.2% interest and the rest are just lying around depreciating)
- have about $50k worth of shares (earning about 5% dividends a year)
- we think we are adequately covered by insurance (total premiums of ~$24k/year in various savings plans; life plans; term plans and ILPs)
- anything in CPF OA that is investible has been invested in blue chips (earning 5% dividends as well); the rest of them are earning the CPF interest which is still higher than our HDB bank loan so we've decided not to pay off the loan yet.

We're thinking of buying some gold and also USD fixed deposits as we expect gold to appreciate over the long run and USD should be on the up trend in the next 1-2 years. We're also looking out for commercial properties (can only afford those which cost <$700k for now). Thanks and I look forward to hearing some good advices.

wow...seems like singapore is really a paradise....filled with so much cash-rich employees only in their 30s....hope it's true and these people are not sprouting nonsense...

or are you those making $4k a month only and trying to buy a car and EC when well cannot afford to? need to avoid outing with friends to save some money to ahieve those material wants so that can buy some 'face'?

I have shared my thoughts on your perception in the other forum "How Much Do You Earn Per Annum?"

Basically, people's perception tend to be constrained by their own circumstances and the environment and social circles they mixed with. According to one research article, people of the same income class tended to live in the same neighborhood. That is, the wealthy will congregate in wealthy estates, the middle class will live in middle class neighborhoods, and the lower income class will be clustered in lower income neighborhoods. In free economies, this is a logical and natural outcome since people will buy a home within their affordability. The interesting findings from the research are:

1. Everyone regardless of their income class tended to think they are in the middle class. This was because people regardless of whey they stay, tended to only compare with their neighbors in their neighborhood. And seeing that they have about the same stuff as their neighbors, they concluded that they must be average.

2. Because they think they are in the middle income class, they wrongly perceived the wealth gap between the rich and the poor. The wealthy tended to overestimate the income of the poor, while the lower income tended to underestimate the income of the wealthy. For eg, the guy earning $3k per month may think that the rich guy was only earning $10k per month when in actual fact, the rich guy is taking home $20k or more per month. Likewise the rich guy (with $20k per month income) may think that the lower income guy is earning about $7-8k per month.

3. As people perceived themselves to be middle income class, they tended not to accept that there could be large income/wealth gap. They would not believe in the first instance, if they see claims of income much higher than their own.

Although we lived in an internet connected world, where information are readily available, this kind of perception still persist. This is mainly because salaries are still not publicized and employees are bound not to disclose their remuneration. Very erroneous perception can also occur within the same company. For eg, a low level staff earning $2k per month may think that the directors of the company are earning $10k - $15k per month when in fact, they could be earning $50k per month!

I have friends who are power couples. Both husbands and wives are "rising stars" in their companies and they are only in their late 30s. Their combined incomes are around $400k pa or more. Another phenomenon I observed is that successful people tended to seek out other successful people. So, successful men tend to seek out / attract successful women. What you get are the power couples. By their 40s, these couples could be earning anything from $500k and above.

You don't have to believe anything posted/boasted by the posters, but to disregard high incomes earned by some people would be akin to burying your head in the sand.