he will still loose his money because due to lack of financial knowledge, he will panic sell at the first sign of bear market

You might as well say buy crypto and become millionaire in 3-6 month....

Problem with the "go big or go home" mindset like you will eventually lose it all. We only hear about the sucess stories but ignore the countless others who lost a **** tonne of money.

Wao. Thats alot. Which line are you in?
Whats your gross pay?

Same age bro.
But still single.
Small condo u mean 2 bedder?
Think I am only about 60percent of your asset.
But if your annual is 370k. U likely to go very far after. Good job 👍👍

Willing to let go higher salary to go for easy lifestyle and more carefree.
Great 👍👍
But I will suggest to do save up more and do more research before u step out and try.
As 62k is not alot. Do calculate ur month expenses also.

Alot of female do not have savings and live like YOLO way.
I am only slightly better then you at that age.
By the way. I also comes from below average family.
Had a hard time as well.
With good mindset, your good times will come.
Great job on the savings and investment. ����

29M
Currently working plus doing part time PG, getting married next year

Cash - 20K
Investment - 22K
Car - worth 80K
Currently still servicing a car loan - (32K)
CPF OA - 60K
CPF SA - 24K
CPFIS - 6K
BTO DP - 13K

Low cash and liquid assets due to paying for my PG, car and marriage stuff

Whats PG? Car is liability.
Unless ur work needed that..
But your assets seems fine for getting BTO. :)

How rich will you be when you get COVID-19? Can't take your money with you if you die from it.

PG is post-grad. I'm doing my masters right now.
My car is a need due to my work location which is not accessible my public transport. Will likely be selling it if I were to change job in the future.

Same age as OP but only got 25k savings :(

28F
80k cash
30k investments
CPF (all three accounts) ~ $110k

Current Sal (all in) $120/yr

Work exp 6 yrs
Software developer (full stack)

CPF account seems low..Unless you have used it for housing.

No leh.. maybe cuz my first few job lower income ba.

27 year old Male. ( 4 years work experience) Part time degree and a masters.


16k cash.

40k on crypto. idk where to invest so put in crypto.

CPF 50k total excluding medisave. lol

25y M

3k cash
220k stocks
30k cpf

all is self earned from my own business and from employment

am i considered slow for my age?

yes very slow.

i am around 23 earning around 200k per year.

i have 200k in cash

500k in stocks.

28m

60k cash
20k cpf
65k stocks
25k crypto/nfts

Slow slow slow

You need to have alot of money outside cpf. Dont forget there is cpf for employees.

you're 23 already and you only make 200k?

you really need to buck up dude.

ok thankfully my parents put a million in my acct when i was born

27 M

working experience 4 years in a European bank

160K+ current annual comps package (including CPF/Bonus)

650K Equities Portfolio
170K CPF (all 3 accounts)
60K Cash

*all figures in SGD

Slow

How you going to survive in Singapore like that?

Leverage on property and rent out

Spend money is enjoyed life
 

I already mid 30s and only have 60k of cash and 70k of stocks. But I spent my money to almost fully pay my apartment (600k) and spent to buy a 100k car + petrol + ERP.

Yes I stupid should not fully pay house and car. Maybe shouldn't even buy car. Should just invest more and earn more. I have poor man mentality but at least I save and buy the stuffs I want. Maybe tomorrow bang by truck and died. Might as well enjoy life every day as long as not taking loan.

If all of us die tomorrow but I experience more enjoyment than one who scrimp and save and torture own life to have 1million at 27, then IMHO I have lived a richer life.

If long game, maybe the guy who scrimp and save now will enjoy more. If he ever learns to enjoy.

how is buying a car called enjoying??

driving along the great ocean road is a joy. driving on PiE is a nightmare.

good for you. why are u lurking on this forum then? Obviously insecured

Kelapa kepala
 

Your thinking are very simple leh.

You like to sing mean everybody like to sing?
You like to swim mean everybody enjoy to swim?

Every one had different enjoyment. You went offed topic anyway, the point is must live your live today rather than extreme save and suffer then died.

so are you a poly grad, ceca, or csb bbfa?

either way, please tell more believable lies

170k in all 3 accounts haha ok. if you say its in some investment acct and you made money from investment it would have been believable.. LOL

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 I’m 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.

Didn’t 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, it’s 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 don’t have, why not start by appreciating what we have at the moment and work hard towards our dreams and goals?

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

cringe.......