Whats your net worth - Page 206 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Whats your net worth

Reply
 
Thread Tools
  #2051 (permalink)  
Old 13-10-2014, 05:29 PM
Unregistered
Guest
 
Posts: n/a
Default

Good plan indeed.

Besides doing good for your parents, you also do good for the next guys taking over your and your wife's jobs. Give others a chance to earn !

Just be mindful that most of the things that we want and planned to do in retirement can be completed all within 1 year. Then you will face the next many years wondering what to do.



Quote:
Originally Posted by Unregistered View Post
45, 44, total net worth $6m.
Planning to retire in Penang next year.
Looking forward to meet my old friends and family members there.
We are going to spend more time with our old parents and bring them to see the world.

Reply With Quote
  #2052 (permalink)  
Old 13-10-2014, 05:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
45, 44, total net worth $6m.
Planning to retire in Penang next year.
Looking forward to meet my old friends and family members there.
We are going to spend more time with our old parents and bring them to see the world.
If you convert your S$6m to RM, you will get RM15m. You are very rich by Malaysian standards, a multi-millionaire!

Why not spend your retirement in doing charity works? You can use a small amount of your wealth to set up a charitable cause. You can gather all your rich friends to set up an orphanage or a shelter for the destitutes.



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #2053 (permalink)  
Old 18-10-2014, 12:40 AM
Unregistered
Guest
 
Posts: n/a
Default

25 years old and after working for 2 years after graduating from local uni...i have around $80k networth (which is inclusive of $20+k of cpf) .....

is it good? still cannot afford a car yet...but i believe can plan for marriage le...

Reply With Quote
  #2054 (permalink)  
Old 18-10-2014, 09:03 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
25 years old and after working for 2 years after graduating from local uni...i have around $80k networth (which is inclusive of $20+k of cpf) .....

is it good? still cannot afford a car yet...but i believe can plan for marriage le...
If you want to provide a nice condo for your wife and kids, you should save more. A condo would cost $1.2m. So you must work harder and save.
Reply With Quote
  #2055 (permalink)  
Old 21-10-2014, 08:44 PM
Unregistered
Guest
 
Posts: n/a
Default

Condo dweller.
Condo fully paid up.
My net worth, $1.5m. 52 yr old.
Wife's net worth, $0.8m. 48 yr old.
Reply With Quote
  #2056 (permalink)  
Old 23-10-2014, 02:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Condo dweller.
Condo fully paid up.
My net worth, $1.5m. 52 yr old.
Wife's net worth, $0.8m. 48 yr old.
We have about the same net worth as you but we are in our mid forties.
Long way to go towards retirement. Our target is to accumulate a net worth of $6m by the time we retire at 75. We will then travel the world with the $6m and by the time we finished traveling, we should be about 85. Then we will relax.
Reply With Quote

  #2057 (permalink)  
Old 23-10-2014, 04:46 PM
Super Member
 
Join Date: Aug 2010
Posts: 335
lazyplane is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
We have about the same net worth as you but we are in our mid forties.
Long way to go towards retirement. Our target is to accumulate a net worth of $6m by the time we retire at 75. We will then travel the world with the $6m and by the time we finished traveling, we should be about 85. Then we will relax.
Can i understand why you want to delay your retirement to 75 and start travelling only at 75 ?

My view is it is tough to start travelling the world at 75 .
At that age, you are restricted to taking only guided tours and not the free and easy kind of travels. And it becomes hard to navigate and drive at unfamiliar places , enjoy outdoor cooking , do beach holidays and any physically tougher travelling.

Only can do the see and look kind of holidays which i find is rather boring.
Reply With Quote
  #2058 (permalink)  
Old 28-10-2014, 08:20 PM
Unregistered
Guest
 
Posts: n/a
Default

Our assets (both husband (42) and wife (40)):

1. 2 bedroom condominium unit $1m
2. CPF funds and cash $500k
3. Stocks $300k

Liabilities:

1. Mortgage $250k
2. Car loan $50k

Net worth $1.5m
Income $160k pa

How are we doing?
Reply With Quote
  #2059 (permalink)  
Old 29-10-2014, 07:15 AM
Unregistered
Guest
 
Posts: n/a
Default

It is not so important as to where you stand now, what is more important is your growth/career potential.

Let me explain. I grew up in a kampung at a time where if you have completed "O" level your parents expected to go out and work and support the family.

My neighbours did just that. After "O" levels they started work. Within a few years, you can see them buying new TVs, sofas and other household appliances. For us, my parents believed we should continue with our studies where our results permitted. And study we did, all the way up to our honours degree, all this while still living in our old home with all the old appliances.

When we graduated and started work, some of our neighbours even managed to own cars. In their eyes, we were very far behind in status. I remembered one of my neighbours even told my mother "what's the use of studying so much? Look at my son, got his own flat already and bought a car also".

Fast forward 30 yrs, the kampung is no longer around, all of us resettled to HDBs. We are now staying in a condo, have 2 cars and our net worth is above $5m. My neighbours are still staying in their 4 room HDBs and the sons have been drifting from job to job with long stretches of unemployment. I am not saying this to look down on them, but to highlight that measuring your success at one point in time is not indicative of where you will head in future. Your career potential, investments and health are other important factors. You may be ahead today, but tomorrow, you will fall behind.

In fact, don't compare with others, just do your best, don't rest on your laurels, but enjoy the journey!

Quote:
Originally Posted by Unregistered View Post
Our assets (both husband (42) and wife (40)):

1. 2 bedroom condominium unit $1m
2. CPF funds and cash $500k
3. Stocks $300k

Liabilities:

1. Mortgage $250k
2. Car loan $50k

Net worth $1.5m
Income $160k pa

How are we doing?
Reply With Quote
  #2060 (permalink)  
Old 29-10-2014, 07:29 AM
Unregistered
Guest
 
Posts: n/a
Default

In case you are curious/interested, when we were 40/42 (roughly 15 years ago), our networth was around $2.4m.

Back then, we could not imagine that we could grow our net worth to what it is today. It was a combination of salary increases from promotions and property investments.

Quote:
Originally Posted by Unregistered View Post
It is not so important as to where you stand now, what is more important is your growth/career potential.

Let me explain. I grew up in a kampung at a time where if you have completed "O" level your parents expected to go out and work and support the family.

My neighbours did just that. After "O" levels they started work. Within a few years, you can see them buying new TVs, sofas and other household appliances. For us, my parents believed we should continue with our studies where our results permitted. And study we did, all the way up to our honours degree, all this while still living in our old home with all the old appliances.

When we graduated and started work, some of our neighbours even managed to own cars. In their eyes, we were very far behind in status. I remembered one of my neighbours even told my mother "what's the use of studying so much? Look at my son, got his own flat already and bought a car also".

Fast forward 30 yrs, the kampung is no longer around, all of us resettled to HDBs. We are now staying in a condo, have 2 cars and our net worth is above $5m. My neighbours are still staying in their 4 room HDBs and the sons have been drifting from job to job with long stretches of unemployment. I am not saying this to look down on them, but to highlight that measuring your success at one point in time is not indicative of where you will head in future. Your career potential, investments and health are other important factors. You may be ahead today, but tomorrow, you will fall behind.

In fact, don't compare with others, just do your best, don't rest on your laurels, but enjoy the journey!
Reply With Quote
Reply

Bookmarks

Tags
net wealth, net worth, networth

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 16 23-09-2023 10:41 PM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 03:35 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,300 Replies, 4,981,112 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
677 Replies, 387,752 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
168 Replies, 308,553 Views
Career as Teacher ( 1 2 3... Last Page)
10,816 Replies, 6,660,568 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,660 Views
Compare civil service salary ( 1 2 3... Last Page)
16,341 Replies, 12,451,769 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,920 Replies, 2,901,731 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,451 Replies, 783,862 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,709 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,054 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,327,310 Views
GovTech ( 1 2 3... Last Page)
5,159 Replies, 2,162,050 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 357,826 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,334 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,374,702 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,543,952 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,794 Replies, 1,042,841 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,337 Replies, 4,767,226 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,826 Replies, 4,655,382 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,237 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,737,973 Views
MX12 reappointed at MX11
8 Replies, 754 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
307 Replies, 368,543 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,172 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,141,625 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,904 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,354 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
206 Replies, 134,411 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,241 Views
NUS (National University of... ( 1 2 3... Last Page)
318 Replies, 318,763 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:42 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2