How rich/poor am I compared to people my age(27)? - Page 12 - 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




How rich/poor am I compared to people my age(27)?

Reply
 
Thread Tools
  #111 (permalink)  
Old 03-04-2022, 01:47 AM
Unregistered
Guest
 
Posts: n/a
Default

Revisiting this forum 6 years after my post and feel astonished that the thread is still pretty much alive! Wow! I was only 26 years old back then! Time flies!

So here goes my updated numbers (all round off to the nearest thousand)!

Assets

Cash: $350,000
Equities: $35,000
Watches: $$240,000
Alternative Investments: $340,000

BTO estimated open market value: $650,000 (shared with spouse)

Liabilities

Mortgage: $360,000 (shared with spouse)

Approximate total net worth:

$965,000 + $650,000/2 = $1,290,000 - $360,000/2 = $1,110,000

Not useful, in my opinion, to add insurance value and CPF/MEDISAVE.

Driving an entry level continental car with an outstanding auto loan of $50,000. Car is worth probably around $80,000 at this current juncture. Not looking to fully pay it off as I think there are better choices with higher returns Iím able to do with that money.

Not deeply invested in equities as I missed the boat during the 2019 Covid crash. Keeping some cash to enter when opportunity arises during the next bear market.

Didnít realized I crossed the SGD$1,000,000 net worth mark until a couple of weeks ago when I tabulated my assets. Not gonna lie, itís a pretty decent revelation.

Of course, there are many many more individuals who has achieved way more than I have but, as mentioned 6 years ago, comparison is a thief of joy. Due to the social media landscape that we are soaked in nowadays, it is extremely easy to forget giving ourselves a little pat on the back when we manage to unlock some milestones, especially seeing those amazingly success stories of young entrepreneurs achieving millions or even billions before they hit a certain age. Instead of comparing all the time, I think we should slow down our footsteps and look at what little things we have achieved. Instead of yearning for what we donít have, why not start by appreciating what we have at the moment and work hard towards our dreams and goals?

Iím not sure about you guys but I certainly did gave myself a nice pat on my back every once in awhile!

Quote:
Originally Posted by Unregistered View Post
Currently 26. Will be 27 next month.
Married with one kid and another on the way.
Private diploma holder.

Current personal net worth $245,000+ with no liabilities. Car fully paid for. Currently renting a condo unit awaiting BTO completion before moving in.

Used to work for others but owns my own business now.

Owns a couple of watches worth approx. $25,000.

I'm very grateful for the opportunities and help I've encountered and garnered during my down time. I don't think I'm doing exceptionally well but I think I'm doing better than most of my peers, though I've known many high flyers that have achieved much more than I have. But comparison is a thief of joy. So working hard now to achieve my dreams.

Reply With Quote
  #112 (permalink)  
Old 23-05-2022, 03:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Revisiting this forum 6 years after my post and feel astonished that the thread is still pretty much alive! Wow! I was only 26 years old back then! Time flies!

So here goes my updated numbers (all round off to the nearest thousand)!

Assets

Cash: $350,000
Equities: $35,000
Watches: $$240,000
Alternative Investments: $340,000

BTO estimated open market value: $650,000 (shared with spouse)

Liabilities

Mortgage: $360,000 (shared with spouse)

Approximate total net worth:

$965,000 + $650,000/2 = $1,290,000 - $360,000/2 = $1,110,000

Not useful, in my opinion, to add insurance value and CPF/MEDISAVE.

Driving an entry level continental car with an outstanding auto loan of $50,000. Car is worth probably around $80,000 at this current juncture. Not looking to fully pay it off as I think there are better choices with higher returns Iím able to do with that money.

Not deeply invested in equities as I missed the boat during the 2019 Covid crash. Keeping some cash to enter when opportunity arises during the next bear market.

Didnít realized I crossed the SGD$1,000,000 net worth mark until a couple of weeks ago when I tabulated my assets. Not gonna lie, itís a pretty decent revelation.

Of course, there are many many more individuals who has achieved way more than I have but, as mentioned 6 years ago, comparison is a thief of joy. Due to the social media landscape that we are soaked in nowadays, it is extremely easy to forget giving ourselves a little pat on the back when we manage to unlock some milestones, especially seeing those amazingly success stories of young entrepreneurs achieving millions or even billions before they hit a certain age. Instead of comparing all the time, I think we should slow down our footsteps and look at what little things we have achieved. Instead of yearning for what we donít have, why not start by appreciating what we have at the moment and work hard towards our dreams and goals?

Iím not sure about you guys but I certainly did gave myself a nice pat on my back every once in awhile!
cringe.......

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
Poor working class Salary.sg Income and Jobs 2 25-03-2016 01:04 AM
is it a poor fit or just trying to adapt? autumsy Income and Jobs 4 07-09-2015 11:41 AM
New job - is it a period of transition or a poor fit? moonlightlover Income and Jobs 18 25-07-2015 11:33 AM
How have you done compared with the rest of your class ? Hermit Income and Jobs 9 02-07-2014 08:58 PM
Where does CFA stand compared with MBA rampa001 Education and Personal Growth 13 30-06-2013 11:21 AM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
18,035 Replies, 7,106,442 Views
Career as Teacher ( 1 2 3... Last Page)
6,101 Replies, 3,894,252 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,355 Replies, 1,160,886 Views
Micron starting pay ( 1 2 3... Last Page)
554 Replies, 213,015 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
348 Replies, 141,567 Views
ST engineering starting pay ( 1 2 3... Last Page)
110 Replies, 67,563 Views
Bnp paribas graduate ( 1 2 3... Last Page)
192 Replies, 113,127 Views
Engineer Pay ( 1 2 3... Last Page)
521 Replies, 283,561 Views
IMDA (under MCI) ( 1 2 3... Last Page)
351 Replies, 179,236 Views
ST Electronics ( 1 2 3... Last Page)
3,137 Replies, 952,121 Views
How much do you earn and save? ( 1 2 3... Last Page)
382 Replies, 179,837 Views
Electrical Engineering Jobs in...
0 Replies, 82 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,134 Replies, 436,982 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,470 Replies, 2,525,482 Views
Compare civil service salary ( 1 2 3... Last Page)
14,832 Replies, 9,584,888 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,492 Replies, 721,045 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
559 Replies, 231,127 Views
IMDA AIM Graduate Development... ( 1 2)
10 Replies, 4,395 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
727 Replies, 202,577 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
335 Replies, 109,014 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,278 Replies, 2,106,629 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
328 Replies, 288,485 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,225 Replies, 586,407 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,147 Replies, 2,870,741 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,373 Replies, 757,453 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,685 Replies, 3,306,557 Views
Anyone worked in singhealth/nhg? ( 1 2 3... Last Page)
66 Replies, 127,711 Views
Working Culture in IRAS ( 1 2 3... Last Page)
67 Replies, 121,930 Views
Early Retirement
7 Replies, 2,482 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:33 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2