How much savings do you have?

[toto]

Originally Posted by Unregistered

How old are they? Where do they get the money to pay for household expenses? Do they have passive income or they draw down on their savings?

60+. From savings..

Originally Posted by toto

60+. From savings..

What's your household expenses like per month?

Originally Posted by toto

They are not working and I have a sister who is still studying. I also wish my parents have the ability to pay for my studies

In your 20s low savings is ok as long as you work hard and make sacrifices to gain valuable skills that are relevant to the market and not some dead end job.

In your 30s then build up a strong financial base which you can then leverage wisely in your 40s to get wealthy and gain financial freedom by 50.

[toto]

Originally Posted by Unregistered

What's your household expenses like per month?

Hmm.. I don't know?

[toto]

Originally Posted by 168

In your 20s low savings is ok as long as you work hard and make sacrifices to gain valuable skills that are relevant to the market and not some dead end job.

In your 30s then build up a strong financial base which you can then leverage wisely in your 40s to get wealthy and gain financial freedom by 50.

Thanks for the advice. I will work hard for my future.

Originally Posted by toto

Hmm.. I don't know?

I suppose they have enough to provide food for everyone at home, including you? They must have lots of savings to last them until 85 at least. If annual expenses is $30k pa, if they need for 25 years, their savings should be $750k. What were they doing before retirement? Were they office workers or doing business? Do you live in a 4 or 5 room HDB flat?

35 years old with 770k. Have a 100k per annum job. Don't own a car. Only a 5 room HDB. Savings rate already over 100 percent as the returns from my investment is enough for my expenditure.

Originally Posted by Unregistered

35 years old with 770k. Have a 100k per annum job. Don't own a car. Only a 5 room HDB. Savings rate already over 100 percent as the returns from my investment is enough for my expenditure.

How much does your wife earn?

Originally Posted by Unregistered

How much does your wife earn?

Wife is not working.

I am 45, married with about 8m in net worth. We both don't work, live off passive income from investments. No children so we have little commitments. Travel a lot though and spend time with family and friends.