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Whats your net worth

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  #1851 (permalink)  
Old 04-01-2014, 11:10 PM
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Default Medium income reported per household

Among resident employed households, the median monthly income rose from S$7,040 in 2011 to S$7,570 last year, registering a 7.5% increase in nominal terms, or 2.7% in real terms (i.e. after accounting for inflation).

This is reported in feb 2013

Medium means 50 percentile. Typically, 70 percent stay in hdb and 30 percent in private property. If you are above 17k per month per household, you are in the top 15% 噢法同行人total population household

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  #1852 (permalink)  
Old 05-01-2014, 09:38 PM
IT Manager
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Unhappy

39

Cash $380K
CPF $267K
INS $30K

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  #1853 (permalink)  
Old 05-01-2014, 11:23 PM
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Originally Posted by IT Manager View Post
39

Cash $380K
CPF $267K
INS $30K
Pretty decent. What property you own? Any mortgage left?
How many children do you have? Wife working?

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  #1854 (permalink)  
Old 06-01-2014, 10:07 AM
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38 years female
Married with 2 kids

terrace worth above 2 million, mortgage 600k
MM worth 700k or more , mortgage 380k
Semi d in malaysia bought on full equity loan

cpf more than 200k
cash 50k
shares 40k
unit trusts 40k

networth about 1.2 million.
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  #1855 (permalink)  
Old 06-01-2014, 05:31 PM
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Originally Posted by Unregistered View Post
38 years female
Married with 2 kids

terrace worth above 2 million, mortgage 600k
MM worth 700k or more , mortgage 380k
Semi d in malaysia bought on full equity loan

cpf more than 200k
cash 50k
shares 40k
unit trusts 40k

networth about 1.2 million.
if your net worth is 1.2m, then as a couple, your combined net worth should be 2.4m or RM6m. you both can already retire in malaysia. more than enough to send your kids to international school there.
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  #1856 (permalink)  
Old 06-01-2014, 06:26 PM
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Originally Posted by Unregistered View Post
if your net worth is 1.2m, then as a couple, your combined net worth should be 2.4m or RM6m. you both can already retire in malaysia. more than enough to send your kids to international school there.
Very tempting thought as I do want to retire early. But I think the money may only be enough to last till I am 73 years old as some money have to be set aside for kids' university expenses.
That is assuming we need 5000 sing dollars to survive per month in malaysia. The semid we are still awaiting state consent for in jb has an international school right outside its gated and guarded compound.
I am seriously considering semiretiring there soon and renting out my singapore properties either when RTS is up by 2019 or sooner.
Thanks for yr suggestion though, it made my day just to think that perhaps I can retire now!
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  #1857 (permalink)  
Old 06-01-2014, 10:04 PM
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Quote:
Originally Posted by Unregistered View Post
if your net worth is 1.2m, then as a couple, your combined net worth should be 2.4m or RM6m. you both can already retire in malaysia. more than enough to send your kids to international school there.
One option inspired by reading the posts here was to sell my terrace and pay off the outstanding mortgage and equity loan on my jb semid. Will have one million left to invest in stocks perhaps like so many here have done. If it generates 5% returns then combined with mm rental, can have more than 5k sing dollars to live in jb. Can keep capital and mm then. But not confident of managing a million dollar stock portfolio, that is the only problem.
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  #1858 (permalink)  
Old 06-01-2014, 11:02 PM
Sebbie80
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Default Demoralised

Age 34,
2BR condo, near Pakway East Hospital
Bought at 910k
Outstanding loan at around 75% of 910k loan
Drives a 2008 Civic, paid off loan
About 30k in cash savings.
Annual income of 56k (as of 2013)
No stocks / shares
Looking to know where I stand and how to make my money work for me..
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  #1859 (permalink)  
Old 07-01-2014, 12:56 AM
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Quote:
Originally Posted by Sebbie80 View Post
Age 34,
2BR condo, near Pakway East Hospital
Bought at 910k
Outstanding loan at around 75% of 910k loan
Drives a 2008 Civic, paid off loan
About 30k in cash savings.
Annual income of 56k (as of 2013)
No stocks / shares
Looking to know where I stand and how to make my money work for me..
how did you get your loan approved? it seems your pay is too low.
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  #1860 (permalink)  
Old 07-01-2014, 05:40 AM
Sebbie80
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Default Demoralised

I wasn't able to get 80% loan, only managed to get 75% loan approved.
Loan was approved before the new rulings stepped in.
Got my first 350k cash from sale of my first HDB (Telok Blangah/Redhill area)
Spouse income stands at 2.7k x 13mths.
Currently, 1 3yr-old daughter and 1 otw, due on national day.
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