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Whats your net worth

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  #2361 (permalink)  
Old 08-09-2015, 08:33 PM
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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

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  #2362 (permalink)  
Old 09-09-2015, 08:05 AM
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I see many successful, millionaire households in this forum. They ride on the success of Singapore over the past 50 years. They must be thankful and be grateful for what they have achieved.

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  #2363 (permalink)  
Old 13-09-2015, 10:23 AM
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30 years old male
single: no wife or girlfriend
Basic degree holder (no honours)
Basic take-home salary: $2800
$500 goes to family, another $300-$500 for my monthly expenses
I try to say around $1800 -$2000 per month
$100K in Cash
$20K in stocks and bonds
No other assets.

Feeling demoralized after reading some of the postings here.

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  #2364 (permalink)  
Old 13-09-2015, 10:47 AM
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The first thing you need to do now is to find a wife. Get married and apply a cheap 3 room BTO flat. After MOP, the resale value of your flat is higher than your purchase price because you bought a highly subsidised flat. Your net worth will go up.


Quote:
Originally Posted by Unregistered View Post
30 years old male
single: no wife or girlfriend
Basic degree holder (no honours)
Basic take-home salary: $2800
$500 goes to family, another $300-$500 for my monthly expenses
I try to say around $1800 -$2000 per month
$100K in Cash
$20K in stocks and bonds
No other assets.

Feeling demoralized after reading some of the postings here.
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  #2365 (permalink)  
Old 17-09-2015, 10:02 AM
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Quote:
Originally Posted by Unregistered View Post
30 years old male
single: no wife or girlfriend
Basic degree holder (no honours)
Basic take-home salary: $2800
$500 goes to family, another $300-$500 for my monthly expenses
I try to say around $1800 -$2000 per month
$100K in Cash
$20K in stocks and bonds
No other assets.

Feeling demoralized after reading some of the postings here.
Would it be wise, for me, given the above circumstances, to consider investing in private property under the CPF PPS (Private Property Scheme)?


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  #2366 (permalink)  
Old 17-09-2015, 10:23 AM
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Quote:
Originally Posted by Unregistered View Post
Would it be wise, for me, given the above circumstances, to consider investing in private property under the CPF PPS (Private Property Scheme)?
Invest your time in getting a wife.
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  #2367 (permalink)  
Old 18-09-2015, 03:19 AM
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Quote:
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Invest your time in getting a wife.
That's the fastest way to deplete your net worth these days.
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  #2368 (permalink)  
Old 18-09-2015, 10:47 AM
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Quote:
Originally Posted by Unregistered View Post
That's the fastest way to deplete your net worth these days.
Haha..good one. It sounds funny but I have to disagree with you on this in my instance. My networth is only $100k but having a good wife is my life greatest blessing. No networth can match it...not even anywhere close Don't use money all the time to evaluate your life cos the moment you breathe your last even Bill Gates billions is meaningless to you that that moment.
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  #2369 (permalink)  
Old 18-09-2015, 11:06 AM
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Quote:
Originally Posted by Unregistered View Post
The first thing you need to do now is to find a wife. Get married and apply a cheap 3 room BTO flat. After MOP, the resale value of your flat is higher than your purchase price because you bought a highly subsidised flat. Your net worth will go up.
I am now looking at the CPF Personal Property Scehem (PPS)
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  #2370 (permalink)  
Old 19-09-2015, 10:28 AM
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Quote:
Originally Posted by Unregistered View Post
Would it be wise, for me, given the above circumstances, to consider investing in private property under the CPF PPS (Private Property Scheme)?
BTO for singles at 35 is restricted to income ceiling of 5k monthly
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