Whats your net worth

#**121** (**permalink**) 19-04-2010, 04:26 PM

He spent most of his money on his terrace house.

Age: 32
Annual Income: 65k (inclu. AWS and bonus)
Cash: 12k
Investment (UT + stocks): 108k Cash; 59k CPF
Others (Endowment + Bank investment plan): 54k potentially in another 10yrs time
Property: HDB EA flat (worth ~480k now; 220k loan to HDB)
Car: still owe bank ~15k (to date, the scrap value is 10k)

Do you think I'm a loser? I have been working for almost 9yrs and due to last year's financial crisis, I was retrenched and switched job with 10% paycut.
Now, when I compare with my peers (same batch from uni), I'm earning less than them. But I'm not too sure on the comparison in terms of net worth...

#**122** (**permalink**) 19-04-2010, 05:48 PM

Quote:

Originally Posted by Unregistered

He spent most of his money on his terrace house.

Age: 32
Annual Income: 65k (inclu. AWS and bonus)
Cash: 12k
Investment (UT + stocks): 108k Cash; 59k CPF
Others (Endowment + Bank investment plan): 54k potentially in another 10yrs time
Property: HDB EA flat (worth ~480k now; 220k loan to HDB)
Car: still owe bank ~15k (to date, the scrap value is 10k)

Do you think I'm a loser? I have been working for almost 9yrs and due to last year's financial crisis, I was retrenched and switched job with 10% paycut.
Now, when I compare with my peers (same batch from uni), I'm earning less than them. But I'm not too sure on the comparison in terms of net worth...

Are the above numbers combined with spouse? If not, do you own 100% of the EA flat's net value?

#**123** (**permalink**) 19-04-2010, 10:57 PM

Quote:

Originally Posted by Unregistered

Are the above numbers combined with spouse? If not, do you own 100% of the EA flat's net value?

The above numbers are my own, w/o spouse. Except for the EA whereby me and my spouse co-owned the unit. We share the loan equally as well.

#**124** (**permalink**) 20-04-2010, 01:11 PM

Quote:

Originally Posted by Unregistered

The above numbers are my own, w/o spouse. Except for the EA whereby me and my spouse co-owned the unit. We share the loan equally as well.

The numbers are pretty decent, considering you are not a very high income earner. My net worth is about 650k. Combined with spouse, it will be 1.3m. We are 35-36 years old. Our combined income is about 220k.

#**125** (**permalink**) 08-05-2010, 12:38 PM

Age 27
Stocks: 80K cash CPF 12K
Remaining in CPF OA: 25K
Debts: 0
Cash: 4K

I am not sure how I am doing but looking at all the rest here, it seems that I am just average

#**126** (**permalink**) 01-06-2010, 06:45 PM

me age 39
5 room HDB fully paid $400k
cash 10k
cpf 0k
scooter worth $100
monthly income $4k

#**127** (**permalink**) 01-06-2010, 11:57 PM

38 from india, in sales, 10 yrs in sg
cash 1.05mill; cpf 0.2mill
renting (but thinking of buying)

how does this compare ?

#**128** (**permalink**) 02-06-2010, 11:01 AM

Quote:

Originally Posted by Unregistered

38 from india, in sales, 10 yrs in sg
cash 1.05mill; cpf 0.2mill
renting (but thinking of buying)

how does this compare ?

30 from india, in sales, 3 yrs in sg
cash 2.5mill; cpf 0.6mill
own a condo(1.5mil)

you FAIL!

#**129** (**permalink**) 02-06-2010, 12:36 PM

When I was 35, I had 60kS$, about 120kcpf, 15kS$ shares. one fully paid flat which should not count. I consider myself near poverty level.
I took one huge bet and went to China. doing quite okay now, but never too late.

#**130** (**permalink**) 02-06-2010, 02:14 PM

Quote:

Originally Posted by Unregistered

When I was 35, I had 60kS$, about 120kcpf, 15kS$ shares. one fully paid flat which should not count. I consider myself near poverty level.
I took one huge bet and went to China. doing quite okay now, but never too late.

u paid ur flat and still have 120k cpf? y so little cash if u earn so much? a financial retard like u can do ok in china? of coz u can be damn lucky, but u wont always be, so dont give wrong advice to others.