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Age 30 .. Appropriate net worth?

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  #11 (permalink)  
Old 06-09-2013, 03:14 PM
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Found this interesting chart


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  #12 (permalink)  
Old 06-09-2013, 06:13 PM
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When I was 30, I earned $45k pa. Net worth $100k.

When I was 40, I earned $200k pa. Net worth $1m.

Now I am 48, retired, earning passive income of $80k pa. Net worth, including condo, $3m.
I live a frugal but healthy lifestyle. Exercises everyday and eats healthy food. Doing charity work in various organizations. I'm not greedy to earn more as I believe making a difference to the poor and needy is more valuable than for me to spend on the next sports cars, a bungalow or lavishly disgusting lifestyle.

My friends, in their 50s, are still working, most earning $100k pa. Their net worth, including their HDB flats or condos, on average is about $800k.

So, don't worry about how much net worth you have today. Just work hard.

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  #13 (permalink)  
Old 07-09-2013, 08:56 PM
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You are much better than me.
30/male
assets less off gambling debts left with $11,100
CPF OA: $73,000
No car, no house.

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  #14 (permalink)  
Old 07-09-2013, 10:39 PM
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Quote:
Originally Posted by cheong88 View Post
Hi all,

Just wondering how much should a 30 years old should have....Some brief description of person, local uni grad, not a high flyer (average joe), single....

Is the following appropriate and reasonable?

CPF: $100,000
Life Insurance/Savings Plan: $50,000
Cash: $100,000

Just wanna seek your views and what do you is appropriate if differ from the above? thanks..
I assume your salary is $80K or thereabouts, so it's at or slightly above what your net worth should be.
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  #15 (permalink)  
Old 11-09-2013, 11:42 AM
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32, female, single,
$3k per month
Cash $30k
Lives with parents
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  #16 (permalink)  
Old 25-09-2013, 11:29 PM
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y TS have so much cash? learn to invest.
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  #17 (permalink)  
Old 26-09-2013, 09:44 AM
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Quote:
Originally Posted by Unregistered View Post
Found this interesting chart

It seems that there are more rich people proportionately in Singapore than in the US. Based on this chart, my income puts me at the top 10% of US earners but using the benchmarking tool on salary.sg I'm not in the top 10% of Singapore earners.
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  #18 (permalink)  
Old 28-09-2013, 01:29 PM
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Here is the profile of a successful 30 year old:

1. Married to a pretty wife, has two young kids.
2. Staying in a condo.
3. Has a car.
4. Annual income of $100k each.
5. Net worth of $1m.

Quote:
Originally Posted by cheong88 View Post
Hi all,

Just wondering how much should a 30 years old should have....Some brief description of person, local uni grad, not a high flyer (average joe), single....

Is the following appropriate and reasonable?

CPF: $100,000
Life Insurance/Savings Plan: $50,000
Cash: $100,000

Just wanna seek your views and what do you is appropriate if differ from the above? thanks..
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  #19 (permalink)  
Old 06-10-2013, 12:28 AM
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Quote:
Originally Posted by Unregistered View Post
Here is the profile of a successful 30 year old:

1. Married to a pretty wife, has two young kids.
2. Staying in a condo.
3. Has a car.
4. Annual income of $100k each.
5. Net worth of $1m.
lifee from.30 may change dramatically. kids come along, you are at your peak at work and investment. ..30is a good Start,
when i was at 30,i was single, high spender with much much less than most of you.
now at 40,married with Kid, staying in a HDB, driving company car, Cash and stocks $1.2million .
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  #20 (permalink)  
Old 06-10-2013, 01:29 PM
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Quote:
Originally Posted by Unregistered View Post
It seems that there are more rich people proportionately in Singapore than in the US. Based on this chart, my income puts me at the top 10% of US earners but using the benchmarking tool on salary.sg I'm not in the top 10% of Singapore earners.
believe salary.sg tool only accounts for income earners
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