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-   -   Whats your net worth (https://forums.salary.sg/investments-net-worth/817-whats-your-net-worth.html)

Unregistered 22-11-2010 10:10 AM
Quote:
Originally Posted by Unregistered (Post 7971)
46Years old. $2M cash, condo 700K paid for. Kids tertially education planned for.

Have been working hard for the last 20 years. I realized that once you hit 1M, the rate of wealth growth accelerates. Plan to retire in 4 years time. Stay healthy is still the ultimate aim and will continue life in a simple yet self fulfilling manner. I am not tempted or in pursuit of any unnecessary material needs. These provide only temporary happiness nothing more.
46 years old HDB fully paid, inheritable properties $2m landed house fully paid and one commercial property $350k fully paid.

Still will slog another 10 years.

Unregistered 23-11-2010 01:31 AM
Quote:
Originally Posted by Unregistered (Post 7971)
46Years old. $2M cash, condo 700K paid for. Kids tertially education planned for.

Have been working hard for the last 20 years. I realized that once you hit 1M, the rate of wealth growth accelerates. Plan to retire in 4 years time. Stay healthy is still the ultimate aim and will continue life in a simple yet self fulfilling manner. I am not tempted or in pursuit of any unnecessary material needs. These provide only temporary happiness nothing more.
Just curious, why does the rate of wealth growth accelerate once you hit 1M?

Is it because you're now eligible for other investment options as a accredited investor, or something else?

Unregistered 23-11-2010 09:44 AM
Quote:
Originally Posted by Unregistered (Post 7972)
46 years old HDB fully paid, inheritable properties $2m landed house fully paid and one commercial property $350k fully paid.

Still will slog another 10 years.
Looks like its time to find a job you enjoy rather than a slog. Don't die working...

Unregistered 23-11-2010 01:47 PM
Quote:
Originally Posted by Unregistered (Post 7984)
Looks like its time to find a job you enjoy rather than a slog. Don't die working...
Ha Ha I don't enjoy work so it will always be a chore.

Unregistered 23-11-2010 09:08 PM
Quote:
Originally Posted by Unregistered (Post 5196)
I guess most of the people here in this forum with cash well over 500k and yet under 40 yrs old must have made prudent investments over the years that did really well.:(
or they could be lying !! Look, I got cash of 700K , I'm only 35 y/o. I work for an offshore bank doing FO and just got hired veep for a competitor, yearly 500k contract. Wow, am I great or what? See? It's easy. Don't believe the BS you read in this forum.

Unregistered 23-11-2010 09:14 PM
Quote:
Originally Posted by Unregistered (Post 5600)
age 36.

property - paid up
2.5 ltr car - paid up
stock - zero
cash - $3.5mil
CPF - zero

my returns is very bad as interest is low. Waiting for chance to make more investments with better returns
you have cash 3.5mil and nothing in property and stocks? even a 100 y.o granny knows not to stick 3.5mil cash in the bank! Or are they 3.5mil in monopoly notes? OMFG, what a bunch of BS'ers. Now I know how pathetic some of the losers in this forum are.

Unregistered 23-11-2010 09:16 PM
Quote:
Originally Posted by Unregistered (Post 7434)
Tuition teacher 20 years
3m cash
2m shares, mainly in Starhub (8% yield currently)
Hdb fully paid
Audi TT and A8

i am your student, 16 y.o. i got 30m cash and 20 m shares, mainly in Starhub too!!!
wow!
my 1 room hdb still got loan.
I saw your audi tt and a8, cool! i can make vroom sounds when i play with them on my LEGO trace track in my living room.

Unregistered 23-11-2010 09:20 PM
Quote:
Originally Posted by Unregistered (Post 7471)
Lawyer - 20 years

350k cash
900k shares
One bungalow (S$8.5m - 4.5m loan = S$4m)
One condo (S$6.5m - S$3m loan = S$3.5m)
One apartment (S$3.0m - S$400k loan = S$2.6m)

Ferrari F430 + BMW

This one , possible. Working 20 yrs, top lawyer - yes. Also the loans etc make sense. But probly worked ass off, and one of the higher earners here, not the norm.

Unregistered 23-11-2010 10:40 PM
The problem with this forum is that the "moderators" allow unregistered people to post.

To cut out all the crap from the real thing, all that is needed is to only allow registered users to post. Once users are registered, others can check their post history, frequency, and content to judge whether he is for real or a total fake.

Unregistered 24-11-2010 08:29 AM
Well I am honest in my post, unlike some self proclaimed millionaires who go to Ferrari showrooms and have high tea all day, I am still slogging.

Even if you are fortunate to have $2 to $3m in fully paid assets, it is no big shakes and one still has to keep working to pay the bills. To be very honest, I am asset rich and cash poor.


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