Whats your net worth - Page 216 - 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
  #2151 (permalink)  
Old 21-01-2015, 11:55 PM
Unregistered
Guest
 
Posts: n/a
Default

how am I doing.?

43y old...2kids...single inc 350k...may go down to 200 to 250k range
expenses of 150k..no car
2.1 mill networth out of which 400k cpf
all cash
renting at 40k...looking to buy a condo for own stay of 1.5 to 2mill when prices drop further

how much should put into condo.? and what else should i do to retire by 55?

Reply With Quote
  #2152 (permalink)  
Old 22-01-2015, 07:57 AM
Unregistered
Guest
 
Posts: n/a
Default

Since you are the only one working and has unstable income, it is best you are conservative. Can you guarantee you still have a job tomorrow? Will you be the next victim of retrenchments? What if your income goes from $200k pa to zero?

So it is best you just buy a 4 room HDB flat and pay it in full. So that you don't have to worry about a place to stay. Keep the rest of your wealth in cash as you have two small kids and wife to feed. If you lose your job, at least you have cash to feed them.

To retire, when your kids move out, you can rent out your rooms to FTs. You can also ask your kids to give you monthly allowance of $1000 from each kid.


Quote:
Originally Posted by Unregistered View Post
how am I doing.?

43y old...2kids...single inc 350k...may go down to 200 to 250k range
expenses of 150k..no car
2.1 mill networth out of which 400k cpf
all cash
renting at 40k...looking to buy a condo for own stay of 1.5 to 2mill when prices drop further

how much should put into condo.? and what else should i do to retire by 55?


Reply With Quote
  #2153 (permalink)  
Old 22-01-2015, 11:41 PM
Unregistered
Guest
 
Posts: n/a
Default

40 yo single uncle networth $701K

Cash + stocks = 358K
CPF OA = 233K
CPF SA+MA =110K

no house, no car, no women .........

Reply With Quote
  #2154 (permalink)  
Old 23-01-2015, 12:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
40 yo single uncle networth $701K

Cash + stocks = 358K
CPF OA = 233K
CPF SA+MA =110K

no house, no car, no women .........
You should buy a hdb flat and pay in full. Then get a new car. Women will come to you immediately.

5 room HDB flat $450k
New car $120k
Total cost $570k
You can use your cash, stocks and CPF to pay for your flat and car


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


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
  #2155 (permalink)  
Old 12-02-2015, 02:07 AM
Junior Member
 
Join Date: Aug 2010
Posts: 5
thomas is on a distinguished road
Default

37 years old, degree holder, single

Cash/stock~300k
CPF~300k
Car~40k
Income~95k pa
Debt free.

This is quite low compared to the figures I am seeing here. Am I considered poor for my age?
Reply With Quote
  #2156 (permalink)  
Old 12-02-2015, 09:55 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by thomas View Post
37 years old, degree holder, single

Cash/stock~300k
CPF~300k
Car~40k
Income~95k pa
Debt free.

This is quite low compared to the figures I am seeing here. Am I considered poor for my age?
Just curious, why are you single? Not interested in women or other reasons?

Looking at your income and assets, you are not poor, I'm sure there are women out there who would be interested if you are.


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


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

  #2157 (permalink)  
Old 12-02-2015, 09:36 PM
Junior Member
 
Join Date: Aug 2010
Posts: 5
thomas is on a distinguished road
Default

I am interested in women, just that past relationships didn't work out
Any ladies here interested, feel free to PM, LOL.

Quote:
Originally Posted by Unregistered View Post
Just curious, why are you single? Not interested in women or other reasons?

Looking at your income and assets, you are not poor, I'm sure there are women out there who would be interested if you are.
Reply With Quote
  #2158 (permalink)  
Old 12-02-2015, 10:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by thomas View Post
37 years old, degree holder, single

Cash/stock~300k
CPF~300k
Car~40k
Income~95k pa
Debt free.

This is quite low compared to the figures I am seeing here. Am I considered poor for my age?
not poor but probably average for degree holder.

based on my observation among peers and social circle, to be considered above-average your net worth and income should be about double of your current level
Reply With Quote
  #2159 (permalink)  
Old 12-02-2015, 10:33 PM
Junior Member
 
Join Date: Aug 2010
Posts: 5
thomas is on a distinguished road
Default

Yeah I agree. Most of my friends got married soon after graduation in 2002. Managed to buy property at rock bottom prices. This fact alone has put many of my peers way ahead of me.

Quote:
Originally Posted by Unregistered View Post
not poor but probably average for degree holder.

based on my observation among peers and social circle, to be considered above-average your net worth and income should be about double of your current level
Reply With Quote
  #2160 (permalink)  
Old 14-02-2015, 08:43 AM
Unregistered
Guest
 
Posts: n/a
Default

Breakdown of our net worth:

1. 5 room HDB flat, now worth $650k. Loan left $150k. Net equity of home $500k.
2. CPF combined $400k.
3. Cash $100k.
4. Car $50k.

Total $1.05m.

We are a millionaire couple, 40 & 44 years old. I think we are among the top 5% in terms of net worth among our age group peers. How about you?
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 15 20-06-2013 02:58 PM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 03:35 PM

» 30 Recent Threads
DBS Graduate Associate Program ( 1 2 3... Last Page)
748 Replies, 383,279 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,471 Replies, 2,052,524 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,803 Replies, 1,182,676 Views
ST Electronics ( 1 2 3... Last Page)
1,056 Replies, 283,343 Views
Singapore LNG Pay
4 Replies, 1,382 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
85 Replies, 123,615 Views
Lawyer Salary ( 1 2 3... Last Page)
9,734 Replies, 3,179,670 Views
Singtel Management Associate... ( 1 2 3... Last Page)
127 Replies, 92,442 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,404 Replies, 596,774 Views
How Much Do You Need to Earn... ( 1 2 3... Last Page)
40 Replies, 18,785 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,110 Replies, 3,889,602 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,522 Replies, 1,005,280 Views
Career as Teacher ( 1 2 3... Last Page)
2,961 Replies, 1,817,196 Views
Compare civil service salary ( 1 2 3... Last Page)
10,916 Replies, 6,035,109 Views
Dsta ( 1 2 3... Last Page)
845 Replies, 583,222 Views
Pay grade at CSA ( 1 2 3... Last Page)
150 Replies, 40,143 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,055 Replies, 835,702 Views
Any Kaplan students here can land... ( 1 2)
15 Replies, 2,290 Views
Software developers salary outlier ( 1 2)
12 Replies, 2,766 Views
Part-time Higher NITEC in...
2 Replies, 1,960 Views
Allied educator scheme
2 Replies, 705 Views
MasterCard Graduate Developement... ( 1 2 3)
23 Replies, 6,998 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,017 Replies, 1,161,089 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,674 Replies, 1,373,731 Views
Advantages
3 Replies, 1,335 Views
DBS tech seed programme ( 1 2 3... Last Page)
168 Replies, 18,065 Views
Credit Suisse - IB Academy
0 Replies, 116 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
363 Replies, 126,028 Views
Roles in accenture singapore ( 1 2 3... Last Page)
425 Replies, 277,772 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:26 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2