Whats your net worth

Originally Posted by Unregistered

Yes, you have to work harder. I'm only 38 and I already own 5 condos. By 44, I should own 6 condos. By 65, i will own 10 condos. Then i can retire, hopefully I'm not dead by then. You need at least $20 mil to retire comfortably.

below average but still got hope

Don't be disheartened by the joker sour grape.

I must say you have done well. Not many people at 44 can retire with passive income of $72k pa. And not many own 3 condos. Many retire with just a HDB flat and savings from CPF minimum sum and their own savings. You must have got a high paying job and invested well before you retired. Congrats! You are indeed a success story, worthy of interview by ST for their Sunday investment section.

Originally Posted by Unregistered

44, poor landlord. Very stressful job, every month collect rent. Need to travel to ATM to withdraw rent for monthly expenses. Need to read lots of news to keep updated on property and economic market trends and developments. Earns only $72k per year. Owns only 3 condos, staying in one of them.

Originally Posted by Unregistered

Don't be disheartened by the joker sour grape.

I must say you have done well. Not many people at 44 can retire with passive income of $72k pa. And not many own 3 condos. Many retire with just a HDB flat and savings from CPF minimum sum and their own savings. You must have got a high paying job and invested well before you retired. Congrats! You are indeed a success story, worthy of interview by ST for their Sunday investment section.

his profile sound typical local PME, why is it worthy of any interview? Most of my jr-mid level manager colleagues also around there or even higher

Originally Posted by Unregistered

his profile sound typical local PME, why is it worthy of any interview? Most of my jr-mid level manager colleagues also around there or even higher

You must be joking. If he owns 3 condos and let's say each condo is worth $1.5m, his net worth is at least $4.5m. Are you saying your lowly paid jr-mid level managers willing to see your face every morning if they are each worth $4.5m? LOL.

Age:29
Occupation: ehs engineer
Property: $1.3m mket value (staying with parents, rent out investment condo)
Stocks & Bonds: $230k
Cash: $80K
Loans: $600k mortgage
Income: $150K+ & $60k of passive income from rental, interest & dividends

Originally Posted by Unregistered

Age:29
Occupation: ehs engineer
Property: $1.3m mket value (staying with parents, rent out investment condo)
Stocks & Bonds: $230k
Cash: $80K
Loans: $600k mortgage
Income: $150K+ & $60k of passive income from rental, interest & dividends

that ich quite gd alredi, fact is u stay with parents also help alot

52, annual salary $50k. Sole breadwinner.

Assets - HDB flat in Jurong East now worth $550k, no more mortgage; cash & CPF about $200k.

By the time I'm 65 (in 2026), my Jurong East flat will be worth $1 mil because Jurong will be the new CBD by then. I can then sell my flat and retire. I will stay with one of my kids and spend the money for retirement.

I support our asset enhancement program. It is the only way for small people like me to retire rich. I bought my flat last time for only $150k. With the main upgrading program and the Jurong Lake CBD plan, my flat value has gone up. I'm very happy.

I am 47, taxi driver, annual salary $36k. My wife, 45, cook, annual salary $30k. We live in a 3 room HDB flat, worth $350k, no loan. Our savings, plus CPF $300k. We are very happy. We get many rebates and subsidies in many things. Life is good.

I must be S'pore most super kiasi guy. Don't dare invest in share nor property. Wife also convinced by me to be kiasi. Whole life keeps money in FDs and CPF. Only buy HDB for own stay.

Seen FDs rates fall from 8% in 1980s to 1.6% nowadays. Very pek chek.
Cash in FDs, single premiums ins., endowment etc : $1.9m
CPF : $1.5m (all in)

Yearly "returns"
Interest : about $30k per year
CPF interest that we can draw out : $20k per year

Was looking forward to retire and just depend on interests, but with this kind of pek chek interest, very tough. If interest go back to 8%, Ho seh liow - 150k, eat also cannot finish

31 this year with diploma working as admin executive in a glc. yearly pay about 35k, now staying a hdb 4-rm worth 460k with 180k mortgage left. cash only 60k and stocks/unit trust/endowment another 200k.