No lah, I don't like to take bank loan. Save money for financial independence to ensure I can be mobile if work environment changes, although I thoroughly enjoy my profession as it is very meaningful.

I once read an old book which states that a responsible man is someone who make sure his family will not suffer by making sufficient provision should he pass away. So hospitalisation coverage is vital and my family should be able to have $7k for the next 16 years if I am gone.

I am always cheerful and enjoy my life .. just plan in case.

Married couple 40/38 with 2 kids at primary and pre-school.

Cash 600k
Combined CPF 440k (incl. MA a/c)
Investments / funds 2.5m
HDB ard 800K w no loan
2nd hand Jap car fully paid

Dual income. Annual package ard 600k and 200k incl bonus
Annual savings ard 350k

Lower income professionals, 44/42, combined income of $160k pa. Saves $30k pa.

Sold our HDB exec flat in 2005 and upgraded to a $700k condo. Now the condo is paid up and worth $1.6m.

Other assets, cash, cpf funds and investments in stocks $400k. Son is in JC. Total net worth $2m.

How are we doing?

With an annual expense of $450k, it is prudent of you to stay in public housing. Good move.

Well done. Since you seem to be debt free and has a net worth of $2m, you are doing very well. Your expenditure of $130k pa is prudent and with your savings of $30k pa, over 20 years, you would have saved a further $600k. Most importantly you own and stay in a condo, this is a big achievement in Singapore as only the top 15% of Singaporeans are living in condos.

When you retire at 65, you can sell your big condo and downgrade to a small studio condo. Assuming by then you have $2m in cash, you can invest in stocks giving you 5% dividend yield or $100k pa. On top of that you will get your CPF Life of about $1700 pm (per person) assuming the CPF min continue to rise. So for two persons, it will be $3400 pm or $40,800 pa. So your total passive income when you retire at 65 will be $140,800 pa.

TOP 15% guy strikes again.....

Just waiting for the "do not gamble smoke drink womanise" poster to come in now

48/49 couple. average middle class family
two children in sec schools
lives in a one year old condo, worth $1.1m. Mortgage left $238k
income from salaries $120k pa
passive income $47k pa
savings $40k pa
total net worth $2.4m

You are truly amazing.

With your income (already combined) of just $120k pa, you have achieved a net worth of $2.4m and more admirably, a passive income of $47k pa. Would you care to provide some clarity on the breakdown to your net worth?

a. Property - $862k
b. CPF -
c. Investment -
d. Cash -

Your achievement easily put many veterans here to shame.

have been lurking in this forum for a while. just sharing about myself.

37 male. married with a 2 yr old son.
executive in a hospital (estate management),
external rmit degree (obtained in sg)
pay $4200 or $67200 pa.
4 rm hdb.
savings about $480k.

well, i managed to buy few lots of LVS shares when it was US$2 in year 2009, and sold it when it hit $70. count it as a good fortune for me. i also bought sembmarine and wilmar in 2009. but LVS has the most incredible gains.

i always asked around and from my own group of friends, it seems my circle of friends are having problems saving $10-20k per year.

even on my own, as a salaried guy, i couldn't save more than $500 per month.

how do some guys generate the wealth here? is it property?

I'm trying hard to multiply my money, but have lost money in side business, ventures, even shares recently, and decided to call it a stop before the savings run out. well, ... LVS wont go back to $2 again i suppose.