Whats your net worth

Originally Posted by Unregistered

You can actually retire now. If you convert your $2.2m, you get RM6m. So you're a multi millionaire. You can retire in Penang or KL. Renting a 3 room condo in Penang cost only RM1k pm. So you can retire rich in Penang. Can eat good food everyday.

39 m

Give private math/phy/chem tuitions
Earn around $220k per year from tuitions

Also do part-time forex trading. Net profit per year for last 4 years is $120k


Fully paid up 5 room hdb.
Condo $2.2 million - loan $500k left

Originally Posted by Unregistered

39 m

Give private math/phy/chem tuitions
Earn around $220k per year from tuitions

Also do part-time forex trading. Net profit per year for last 4 years is $120k


Fully paid up 5 room hdb.
Condo $2.2 million - loan $500k left

220K per year from tuitions. May I know what are your working hours for tuition like?

Originally Posted by Unregistered

220K per year from tuitions. May I know what are your working hours for tuition like?

In a day, mostly 4 hours.

My main source:
I teach 2 different small group of students with 4 student each.
Each student pays $150 for a 2 hour session.

Others: Crash course/tuition - 1 to 1
2 hrs is $300

26 y.o, grad last year with a comp. sci fch degree, no employment history.

Cash savings + stocks ~ sgd$450k. Lives with parents, no property, no car.

Started an internet business during ns and currently generating more than sgd$500k annually in profits after tremendous growth. Business is a sole proprietorship so i keep all profits after tax.

Originally Posted by Unregistered

26 y.o, grad last year with a comp. sci fch degree, no employment history.

Cash savings + stocks ~ sgd$450k. Lives with parents, no property, no car.

Started an internet business during ns and currently generating more than sgd$500k annually in profits after tremendous growth. Business is a sole proprietorship so i keep all profits after tax.

You are doing better than some listed companies.

Originally Posted by Unregistered

26 y.o, grad last year with a comp. sci fch degree, no employment history.

Cash savings + stocks ~ sgd$450k. Lives with parents, no property, no car.

Started an internet business during ns and currently generating more than sgd$500k annually in profits after tremendous growth. Business is a sole proprietorship so i keep all profits after tax.

Cool story bro!

Originally Posted by Unregistered

26 y.o, grad last year with a comp. sci fch degree, no employment history.

Cash savings + stocks ~ sgd$450k. Lives with parents, no property, no car.

Started an internet business during ns and currently generating more than sgd$500k annually in profits after tremendous growth. Business is a sole proprietorship so i keep all profits after tax.

How can your business generate $500k profit annually and yet your cash savings and stocks are only worth $450k?

Only stupid people believe in your story.

Originally Posted by Unregistered

How can your business generate $500k profit annually and yet your cash savings and stocks are only worth $450k?

Only stupid people believe in your story.

I only have enough time to focus on developing and expanding the business this year since I was in uni full-time for the last couple of years and only ran the business as a side-line. Well, results were better than I expected as traffic and revenues soared multiple times in just a few short months.

Before the growth, I was saving up between 10-15k every month while paying for my own uni and living expenses while running the business part-time and thats how I got to the 450k that I mentioned earlier.

I run a highly popular international web service with numerous requests to take over the business for a couple of millions to which I have all rejected due to the unprecedented growth.

I employ people online on freelancer sites to work on most parts of the business, mostly as required/task-basis and also a couple of indian full-time programmers.

Up to you believe me or not, but there are more just like me out there. And for not being caught in the rat race with a lot of free time on my hands, I travel a lot recreationally and to look for new business opportunities.

And just go think about it, I really wanted to cook up a story to convince people.. don't you think its easier for me to just say I have much more than what I have mentioned earlier?

Married couple with a son and a daughter, in our early forties.
Currently residing in a condominium unit in the OCR.
Our net worth as a couple is close to $2m.

Working couple late 30s earning $350K per annum basic (variable another $50K).

Landed home $2.6M
Cash and unit trust $750K
Cpf and endowment $300K

Debt free, overall quite comfortable