Net worth? Mine is negative.

Originally Posted by Unregistered

I don't know what to say.

Tin pei ling, you'll be a millionaire in 5 years. Just remember to save up your additional 15k/mth part-time MP allowance. Use your day job pay to buy your Kate spades and don't upgrade to LV hor...

[debt]

Originally Posted by Unregistered

Tin pei ling, you'll be a millionaire in 5 years. Just remember to save up your additional 15k/mth part-time MP allowance. Use your day job pay to buy your Kate spades and don't upgrade to LV hor...

Hahaha....oh come on......

Surely your HDB and CPF have value. And your debt amount is not really sky high. So all in all your net wealth should not be negative.

[debt]

Originally Posted by Unregistered

Surely your HDB and CPF have value. And your debt amount is not really sky high. So all in all your net wealth should not be negative.

Agreed, just that I was only thinking of cash and savings.

Can't sell my place, and can't withdraw cpf.

[lazyplane]

Originally Posted by Unregistered

Tin pei ling, you'll be a millionaire in 5 years. Just remember to save up your additional 15k/mth part-time MP allowance. Use your day job pay to buy your Kate spades and don't upgrade to LV hor...

ha ha... what makes u think she is not one already.....

TPL's husband earns 7 figures as LSLs principal private secretary, so she could already afford those Kate Spades. I tell you we have bred a middle class in Singapore which is Kiasu and always green with envy of those more successful than themselves. If anything, we should bring about change for a more generous and compassionate society.

Originally Posted by Unregistered

TPL's husband earns 7 figures as LSLs principal private secretary, so she could already afford those Kate Spades. I tell you we have bred a middle class in Singapore which is Kiasu and always green with envy of those more successful than themselves. If anything, we should bring about change for a more generous and compassionate society.

We are taught how to be money minded. Our government leaders set great examples of money-minded individuals.

What's new?

[financialfreedom]

Haha, totally agree that we were taught to be money-minded.

and we were taught to be money-minded by working hard.
why can't we shake leg and earn money...

Anyway, back to the topic on networth.
My current saving is $18k and $0 debt.
I'm dead lucky that my parents are paying for my education fee!

Thanks for sharing your past.

I'm sure it will help a lot of young forummers in their planning.

You are one good and determined man.

Originally Posted by debt

After reading the post by the many people here, I really feel ashamed of myself, but I am facing up to it.

My story :

Started work at 21 in a stat board since 15 years ago.
When I started out, I did not know how to manage my money, and end up in a debt trap with all the credit lines and cards.

Now, after struggling with the debts for 10years now, I am finally seeing light, as I am now able to clear them all by next year end.

Marriage, two kids, in-laws staying with us in our executive flat, and a car for the family prolonged my debt clearing misery. I did not want my wife to get involved in my debt, and I am doing everything on my own.

I did not go for credit counselling, clearing my debts in a determined and disciplined manner made me a better person. My IR8E said I earn slightly over 100k last year, and I need till Dec 2012 to clear my remaining 50k of debt.

I am a shame, and I deserve your mockery, but going through all these takes a fair bit of mental strength, 10 years at that.

I am envious of your net worth, I know I am lagging far behind, but I am surviving this ordeal, with a happy family behind me.

thanks for sharing, useful reminder/ advice for the younger readers around here