Car / House for Net Worth / Income - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Car / House for Net Worth / Income

Reply
 
Thread Tools
  #1 (permalink)  
Old 23-06-2013, 12:42 AM
Junior Member
 
Join Date: Jun 2013
Posts: 2
kong is on a distinguished road
Default Car / House for Net Worth / Income

I'm curious to know about the cars and housing types for the different levels of net worth / income we see in this forum.

I'll start with my humble family:

Age - 40 & 41
Combined income - $400k pa
Net worth including primary residence - $2.5m
Housing type - HDB exec
Car - Honda stream

Many people tell us we live way below our means, but we're comfortable with our way of life.

Reply With Quote
  #2 (permalink)  
Old 23-06-2013, 10:01 AM
Unregistered
Guest
 
Posts: n/a
Default

To have a more complete picture, you should also state your household expenses, either monthly or yearly.

My family:
Age - 49
Salary - $220k + $120k
Passive income - $63k

Condo (primary) - $1.6m (fully paid)
Condo (2nd property) - $1.3m (loan 750k)

2 cars - 1 MPV & 1 sedan (fully paid)

Total net worth - $4.5m(incl. stocks, other investments)

Household expense - $100k pa

Quote:
Originally Posted by kong View Post
I'm curious to know about the cars and housing types for the different levels of net worth / income we see in this forum.

I'll start with my humble family:

Age - 40 & 41
Combined income - $400k pa
Net worth including primary residence - $2.5m
Housing type - HDB exec
Car - Honda stream

Many people tell us we live way below our means, but we're comfortable with our way of life.


Reply With Quote
  #3 (permalink)  
Old 23-06-2013, 10:43 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
To have a more complete picture, you should also state your household expenses, either monthly or yearly.

My family:
Age - 49
Salary - $220k + $120k
Passive income - $63k

Condo (primary) - $1.6m (fully paid)
Condo (2nd property) - $1.3m (loan 750k)

2 cars - 1 MPV & 1 sedan (fully paid)

Total net worth - $4.5m(incl. stocks, other investments)

Household expense - $100k pa
What model / make are your cars?

Reply With Quote
  #4 (permalink)  
Old 23-06-2013, 11:02 AM
Unregistered
Guest
 
Posts: n/a
Default

Don't be too happy. I suggest you deleverage. Sell your condos and buy a HDB flat. You and your wife are now at the highest risk of being retrenched and replaced by foreigners. Take care.


Quote:
Originally Posted by Unregistered View Post
To have a more complete picture, you should also state your household expenses, either monthly or yearly.

My family:
Age - 49
Salary - $220k + $120k
Passive income - $63k

Condo (primary) - $1.6m (fully paid)
Condo (2nd property) - $1.3m (loan 750k)

2 cars - 1 MPV & 1 sedan (fully paid)

Total net worth - $4.5m(incl. stocks, other investments)

Household expense - $100k pa
Reply With Quote
  #5 (permalink)  
Old 23-06-2013, 12:03 PM
Junior Member
 
Join Date: Jun 2013
Posts: 2
kong is on a distinguished road
Default

More info from me:

Age - 40 & 41
Combined income - $400k pa
Net worth including primary residence - $2.5m
Housing type - HDB executive apartment 4 bedrooms (bought at $500k, now worth $800k)
Car - Honda stream (bought at $80k, fully paid)
Family expenses - estimated $80k pa

As we are comparing housing type and car type wrt to income and net worth, it will be good if we include purchase & current prices of condo/hdb/landed and car make & model.
Reply With Quote
  #6 (permalink)  
Old 23-06-2013, 12:47 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by kong View Post
More info from me:

Age - 40 & 41
Combined income - $400k pa
Net worth including primary residence - $2.5m
Housing type - HDB executive apartment 4 bedrooms (bought at $500k, now worth $800k)
Car - Honda stream (bought at $80k, fully paid)
Family expenses - estimated $80k pa

As we are comparing housing type and car type wrt to income and net worth, it will be good if we include purchase & current prices of condo/hdb/landed and car make & model.
Kong, don't be disillusioned with your high pay. Both you and your wife can get retrenched any time as you both are now in your 40's. I used to earn $300k pa, but was retrenched. Luckily I stay in my HDB flat which was fully paid up and I have some cash to tie me ober for a few months. Now I am just a lowly paid tutor. Stay in your HDB flat and save as much as possible for the imminent retrenchment.
Reply With Quote

  #7 (permalink)  
Old 23-06-2013, 12:52 PM
Unregistered
Guest
 
Posts: n/a
Default

age: 37 and 35
work income: $190K (single income)
dividend income: $11K
net worth: $2.7M (cash, stocks plus home value net of loan)
home: freehold terrace
car: used bmw 523

our net worth is high relative to income due to profits from property and stock investments
Reply With Quote
  #8 (permalink)  
Old 23-06-2013, 01:58 PM
Unregistered
Guest
 
Posts: n/a
Default

Age: Early 30s + late 30s
Income: 110K + 60K
Dividend income: close to 0. Terrible, terrible with shares
Properties:
1 condo home, remaining debt 425K, mkt value 1M
1 investment property, remaining debt 462K, mkt value 600K. Rented at 6% yield
Cash + shares: 40K. Low cash due to relatively recent purchase of investment property
CPF not counted.

Expenses:110K per annum due to parental maintenance, shopping, holidays, eating out.
No car

Small fries. Looking at this, our expenditure is too high considering we have no car! Love shopping, eating and holidays too much.
Reply With Quote
  #9 (permalink)  
Old 23-06-2013, 07:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Guess if anyone needs a guideline, I think a 1.5m condo (eg small studio in good district or a bigger 3 roomer mass market condo) and a 200k car (eg 2nd hand BMW or Mercedes) is ok for a family with 2m net assets.
Reply With Quote
  #10 (permalink)  
Old 23-06-2013, 10:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Do not be concerned for these people. With a net worth of $4.5m, and some more at 49 yrs old, they are more than ready to retire. No need to deleverage. Loan interest rate is only 1%. They are probably collecting rent from their 2nd property. Looking at their income and expense, they are saving $300k pa. Within 3 yrs, they can comfortably pay off their loan of $750k. And I think they can actually pay off the loan now if they want.

Worry for yourself



Quote:
Originally Posted by Unregistered View Post
Don't be too happy. I suggest you deleverage. Sell your condos and buy a HDB flat. You and your wife are now at the highest risk of being retrenched and replaced by foreigners. Take care.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
House Dealer Kay Hian & Kim Eng vincentchean Income and Jobs 28 21-08-2013 04:11 PM
Looking for Part-Timers for Open-House Event Apr '13 v1da Marketplace and Find Work 0 04-04-2013 10:39 AM
Belgravia Villas Strata House newlaunchsingapore Marketplace and Find Work 0 28-03-2013 08:08 PM
Starting and max salary of B. Accty,min per mth to own car house seizetheday Income and Jobs 3 27-02-2013 10:01 PM
Cluster House (Singapore) newlaunchsingapore Marketplace and Find Work 0 09-05-2012 05:39 AM

» 30 Recent Threads
ST Electronics ( 1 2 3... Last Page)
1,321 Replies, 325,540 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,136 Replies, 875,506 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
4,085 Replies, 1,410,948 Views
Keppel Associate Programme 2018 ( 1 2)
16 Replies, 11,375 Views
Career as Teacher ( 1 2 3... Last Page)
3,033 Replies, 1,904,131 Views
Career as a quant... ( 1 2 3... Last Page)
43 Replies, 42,700 Views
Lawyer Salary ( 1 2 3... Last Page)
10,056 Replies, 3,372,451 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,871 Replies, 1,251,454 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,139 Replies, 3,954,821 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,575 Replies, 2,126,531 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
532 Replies, 154,356 Views
UOB Management Associate Program ( 1 2 3... Last Page)
392 Replies, 211,049 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
774 Replies, 399,112 Views
DBS tech seed programme ( 1 2 3... Last Page)
245 Replies, 40,444 Views
Starting pay for fresh uni grad... ( 1 2 3... Last Page)
142 Replies, 8,238 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,709 Replies, 1,063,400 Views
Where would you invest your money... ( 1 2 3... Last Page)
30 Replies, 17,484 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
117 Replies, 131,056 Views
Advice for SAF regular pls
9 Replies, 1,190 Views
Usually is it ok to HR recruiters...
5 Replies, 1,411 Views
High Finance Thread ( 1 2 3... Last Page)
156 Replies, 37,921 Views
OCBC mortgage specialist
3 Replies, 3,333 Views
just want to know ur opinion
0 Replies, 182 Views
Compare civil service salary ( 1 2 3... Last Page)
11,219 Replies, 6,254,709 Views
Salaries for Tech Product Manager
8 Replies, 2,527 Views
What course should I undertake? ( 1 2)
17 Replies, 9,118 Views
SIA Technical Services / Aerospace... ( 1 2)
10 Replies, 9,591 Views
Singtel Management Associate... ( 1 2 3... Last Page)
181 Replies, 106,074 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
526 Replies, 19,153 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
646 Replies, 482,096 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:58 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2