Whats your net worth

If you have no children to support, then your present situation is still not bad.

As long as you can work, you should. Cost of living can only go up. That's why our gahmen is coming up with so many goodies to help retirees. Among the retirees, I am very sure some retired many years ago thinking they had enough saved to last their retirement, only to get caught out by the rising cost of living over the years.

The CPF payout of $1200 to $1800 pm today may not buy much 15 - 20 years down the road when people start receiving the payout.

Originally Posted by Unregistered

Underperforming grad couple, 47/48, aggregate income $128k pa. Owns an old condo now valued at $800k. Mortgage outstanding, $200k. Drives a 7 year old car, cleared our car loan last year. Cash and CPF savings in aggregate $350k. Stocks and other small investments $50k in total. Our total net worth as a couple $1m. Even though we are a millionaire couple, we felt we are underperforming judging from the performance of the forummers here.

Congrats on being a millionaire couple. You have done well. Don't compare yourself with the posting in this forum, esp those claiming to earn more than $200k pa. 99% of postings here are just fantasies.

Originally Posted by Unregistered

Underperforming grad couple, 47/48, aggregate income $128k pa. Owns an old condo now valued at $800k. Mortgage outstanding, $200k. Drives a 7 year old car, cleared our car loan last year. Cash and CPF savings in aggregate $350k. Stocks and other small investments $50k in total. Our total net worth as a couple $1m. Even though we are a millionaire couple, we felt we are underperforming judging from the performance of the forummers here.

Originally Posted by Unregistered

Underperforming grad couple, 47/48, aggregate income $128k pa. Owns an old condo now valued at $800k. Mortgage outstanding, $200k. Drives a 7 year old car, cleared our car loan last year. Cash and CPF savings in aggregate $350k. Stocks and other small investments $50k in total. Our total net worth as a couple $1m. Even though we are a millionaire couple, we felt we are underperforming judging from the performance of the forummers here.

You guys are only underperforming if you compare yourself to the current generation... back in your generation you should be middle class at least. It's not so easy to own a condo and car nowadays. Be happy with what you have, condo and car is more than enough for enjoying a good life.

Totally agree. Nowadays if you own both condo and car, you are in the top 10% in terms of social status in Singapore.

Originally Posted by Unregistered

You guys are only underperforming if you compare yourself to the current generation... back in your generation you should be middle class at least. It's not so easy to own a condo and car nowadays. Be happy with what you have, condo and car is more than enough for enjoying a good life.

Originally Posted by Unregistered

Underperforming grad couple, 47/48, aggregate income $128k pa. Owns an old condo now valued at $800k. Mortgage outstanding, $200k. Drives a 7 year old car, cleared our car loan last year. Cash and CPF savings in aggregate $350k. Stocks and other small investments $50k in total. Our total net worth as a couple $1m. Even though we are a millionaire couple, we felt we are underperforming judging from the performance of the forummers here.

You have done very well actually since you own both a condo and a car. You are in the top 10% of Spore's society.

We have the following assets (mid to late 30s)

Paid up condo: $1.8M
Paid up ppty in KL: $300K
Cash, stocks, unit trust, cpf: $1.1M
Bmw car

But somehow, having more net worth bring only satisfaction but not happiness

Originally Posted by Unregistered

We have the following assets (mid to late 30s)

Paid up condo: $1.8M
Paid up ppty in KL: $300K
Cash, stocks, unit trust, cpf: $1.1M
Bmw car

But somehow, having more net worth bring only satisfaction but not happiness

To be truly happy, you need to be free from being a corporate slave. Why not retire now? Since you already own a condo in KL, you can retire there. Convert your $2.9m into RM and you will get RM7m. You can retire like a rich KL biz tycoon.

Profile: Mid 40s
Total : 4 children (2 from ex-marriage, 2 from current)
Current wife: 50k/annum
Personal income : About 225k/annum
Blue-chip stock: About 75K
House: Penhouse worth about 2M for current wife & 2 dotter ( with current wife with 500k unpaid
House: 2 bedroom condo worth about 1M with 200K unpaid for ex-wife & 2 dotter studying in rjc & smu from ex-marriage
Alimony for ex-wife & expenses for 2 dotter :$4k/month
Another 2 dotter(twins) studying in RGS now

Hard to save money with 2 mortage & 4 sch going children & need to pay alimony to wife

Originally Posted by Unregistered

To be truly happy, you need to be free from being a corporate slave. Why not retire now? Since you already own a condo in KL, you can retire there. Convert your $2.9m into RM and you will get RM7m. You can retire like a rich KL biz tycoon.

Hey you, how much you charge as property broker? Come on just leave yr hp here, dont waste time beating around the bushhhhit.

Here's our assets (mid 40s married couple with two kids)

Paid up HDB executive flat valued at $700k
Paid up old car with current market value of $50k
Debt free.
CPF $400k
Cash $60k
Total net worth $1.21m

How are we doing? How should we prepare for retirement?