How rich/poor am I compared to people my age(27)?
I am just wondering how much savings I have compared to my peers?
How much do you have when you are 27yo? I just reached 27yo, im male I have about 40k in my bank account and 35k in CPF. I know this is not a big amount by any means but still a small fortune. I spent alot on miscellaneous things though, could have been much more. |
1 year older, 70k cash savings
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I am 24 years old, in my final year of Uni. Through investments, savings from young etc I have 43k in bank, stocks, bonds. But almost all of my peers are nowhere close, many have no savings and some prudent ones have about 10k.
Good job on saving 40k at 27 YO though, already pretty difficult. Let's say one saves 2k a month (which is a lot), you need 1.5 years to save that amount. Double that if you only save 1k a month. Maybe the next step would be to start investing. You can start off safe by investing in corporate bonds available on the SGX which can easily net you a 4-5% per annum. After 5 years, you would earn at least 25% of what you invested (5 x 5%). Slowly build up a portfolio and you can have passive income of a few hundred dollars a month. |
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I am 25 this year (female). Just entered workforce for 9 months only.
Cash $30k, CPF $9K, Investment $22K Have worked when studying and earned some money adding to current savings. I am still staying with parents so can save practically 90% of salary every month. |
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i am same age as you, born in 1989...$140k in FD, gold, watches, cash etc and $60k in cpf....
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Same age. 140k cash and one luxury watch worth 40k. 30k cpf.
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30 yr old male, 90k savings, investments. 70k cpf
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For a more realistic view, I have many friends at your age who have little to no savings. Maybe 20k cash.
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At 27, you should be focusing on your career and opportunities for growth cos with that comes money in the form of higher salaries etc..
You should focus on making more money rather than how much you have, how much you can save or cut expenses ..that's more for retirees ..IMO |
Can anyone advice how to become forex trader?
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I work for 2 years only, and I also save around 40K++ (from employment) with lesser CPF as compared to you. I also spend unnecessary amount of money on misc stuff. But is never to late to change your spending habit. you are around the same age as me, so still got enough time to catch up. You should be able to hit 100K target (most common goal for people under 30) before 30 years old.
jia you! You can follow me on my blog as I will report my progress in reaching my goal ://jyklmoneyblog.blogspot.sg/ |
125K in liquid assets. Just turned 30 years old.
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What's your assets? HDB flat? Shares? Cash? Etc |
28f
$92k in cash (stocks, investment) ,$8k CPF. Renovation + wedding done. 1 child. Bulk of cash came from the year when I was a property agent after I grad from Uni. But right now my income is probably 20-30% lower than my peers. Will take v long to be on par with them.. I chose an 'easier' career so that I can focus more on my family. Wish to be stress free and go home on the dot kind. Male will probably have lower savings at the beginning but later on, their salary and career likely to overtake their female friends by a lot. |
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yes this is true, but savings and investment is VERY important when you are young.
With the magic of compounding, you are much more likely to have more wealth at a faster rate as compared to one who started late. Read this article to see the magic of compounding: ://.businessinsider.sg/amazing-power-of-compound-interest-2014-7/?r=US&IR=T#THbEEd1t7uBORwF6.97 |
4.4 million. I just strike toto
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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. |
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30/m, single. 3rd class honours from a private uni.
Worked for others for a while. Went into business and endured 2 failed partnerships. Lost all my savings after the last failed business. Have been running my own business for 3 years. About 400+k in cash, 25k in stocks and bonds. About 200k of assets in the business. Less than 30k in CPF though. No liabilities. Living with parents and driving an entry level continental car, fully paid. |
Interesting topic,
BTW, WHAT business you running > |
30M
education. private diploma. Cash $400k. 6 rolex $80k. CPF $10k Rent condo no car. Rides e-bike. Occupation: runs own business. put it nicely its talent management firm. actual biz is social escort services and etc etc.. :) Monthly income 20k-30k depends on season. |
when i am 25 years old i got like 2k in my bank account, and that is 9 years ago, i was yolo back then , really good job you got there
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Btw quick update, now im 28 years old. My total cash+CPF+investments about $110k already. Next step aiming to be a millionaire before 35. :D |
29 y o, M, single.
Cash + CPF OA = 122k That is approxomately what I have. I dont invest,no shares,no house and have spent money on further studies and repayment of school loan from 2012 to 2016, amounting to 41k. |
Wah u guys start to save so much when young ? I only started to save when my baby gal is 1 year old , before that every month just party and left with less than 10 k in bank then splurge again .
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It is always good to save early.
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Hi, everybody!
From my point of view, the estimation of your capital state can be approved by your investing activities. Most probably it is hard to accept when you are 27, but if your investment activity is on....it can tell many things) For example, if you buy property somewhere in Europe or States, it can be the factore which ifluence youe financial state! Have a nice day) |
30 yo
213K net worth, spread out in FDs and SSBs. |
26 y/o. 270k networth - 170k in cash + SSBs + stocks and 100k in CPF.
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28yo (as of 2017)
$500k networth $350k investment assets, $110k CPF, $40k cash |
My networth
22 Years old
$1.6 million networth (Crypto worth) $600K networth (Cash out from crypto) XD |
36yo
4.9million Networth 4 million in 3 small condos, 0.9 million in REITs + Stocks No car. Take bus to work. |
How come so many rich people in here?
I just turned 26m at 80k networth (all cash). feel so poor. |
25 this year, final year undergrad.
45k liquid cash. |
Wow
Wow, you all start running businesses when you are 16?
I only studied all my life. 27m and only $24,000 liquid cash in bank. And this is with frugal lifestyle, no partying, no drinking, no shopping. I dunno I study for what. |
24(m) here
nitec holder here bought a car recently so left around 600k+ worth in cash mainly due to toto a few month ago doing a system admin it job 2.1k any advice for me, I am quite stupid so maybe would be good to invest in some low risk stuffs that generate more $ than fd , should i get a private dip then move on to degree? |
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