Unregistered |
05-07-2015 08:09 PM |
I think if you start off with a heavily subsidised BTO flat and then sell it off to buy an EC, you could see your HH net worth grow to $1m in your 30s.
I don't have much recollection of what we had in our 30s, but when we were in our mid-40s, our net worth was $2.4m. Mind you, our incomes were so so only.
After a few promotions along the way and luck in our stock picks and property boom during the 90s and 2000s we saw our net worth grew to well over $5m now. We are in our mid 50s.
That's why when I looked at the various postings here, I am confident those couples will reach net worth similar to ours if not more when they reach 55. But they must not have disruption in their employment. Once in their 50s, their incomes should be peaking while their HH expenses would have stabilized, increasing their yearly savings.
They would not need to downgrade when they retire then.
Quote:
Originally Posted by Unregistered
(Post 69471)
that's pretty true, per annum $100k package is very common for singaporeans in their early thirties, no second thoughts about that....but possible to accumulate $1mil in assets by late thirties? everyday eat bread and breathe wind? kids eat tofus for protein instead of milk formula?
Apart from huge inheritance, very common to see couples here in the forum having over $1m in assets by late thirties...
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