Whats your net worth

Bro, don't need to feel demoralized a lot of "tanks" in this forum.. basically unless you are in late 40s else it is very hard to had millions in net worth unless u are living a very simple life. A lot of ppl earn a lot of money in their houses which are likely going to face some headwind soon due to oversupply. I think you should invest more in stocks however can look at the MSCI world ETF to be more diversify don't need to keep so much cash let the bank loan out to millionaires to buy houses so that they can be richer haha... make sure your money is working for u...

personally i know a multi millionaire , their life style is one word " simple" that is how u become rich of cos u can buy 3-4 houses in the good old days... but can't now...
go and read the book "the millionaire next door" normal millionaire are normal folks.. of cos if u had a successful business it will be different but i guess if we are so successful we should not be here typing haha... happy new year 2016....

Originally Posted by Unregistered

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.

[Avatar]

Originally Posted by Avatar

I am 35, working in IT for over 10 years, and accumulated a net worth of $370k ( cpf, savings, cash), how do I fare among fellow Singaporeans?

6 years has past, and my net worth is now $845k (CPF, Cash, investments).

Originally Posted by Avatar

6 years has past, and my net worth is now $845k (CPF, Cash, investments).

Avatar, you're now 41. Are you married with kids? Have you bought your BTO flat?

29 years old. i have a slight disability, was badly bullied and fired from my first full time job after 11 months for no reason. then slipped into depression. all the negative thoughts come back and haunt me.unable to find job.

net worth: 10,000 cash in bank.
cash: 800 for my day to day spending.

assets:
iPhone 5s 16gb
13 inch retina macbook pro
burberry watch 3800
burberry watch 1200
burberry watch 700
bottega veneta wallet 500
LV wallet 500
prada wallet 400
tons of branded clothes 2000

When I was depressed, I whack a lot of branded goods. as you can see totalling more than 10k
I could have had 20k in the bank now.

[PromoPromo]

29 yrs old, (always trying to earn big money) Willing to learn, looking for ultimate opportunity.

Networth: 2.5k Cash in bank, 4k CPF

I am 55 and I have not owned a single high end branded item to this day. My current 3 watches are 1) Hilfiger, 2) Timex and 3) Citizen. All were free watches, the first two were from Safra for 5-yearly memberships. The Citizen watch was from my company as part of my long term service award. The Tmex watch is already 10 years old and the Hilfiger watch is 4 years old. All of them are still in perfect working condition.

My shirts and trousers were local brands each costing less than $30. When torn, I just replace them. And you probably guessed it, my shoes were all bought from Bata. Yes, they don't last for more than 2 years, but this suits me because I like to buy new shoes every now & then.

My family has 2 cars, and I supposed by now, you will deduce that the cars are not conti cars. You are right. We have one Jap MPV and a Camry.

So what's our networth?

Not counting the cars, which are consumer items, we have:

Residence (condo): $1.8m
Condo for rental : $1.35m (loan $500k)
Cash : $400 k
Stocks: $800k (was $1m at start of 2015, but lost $200k due to market rout)
CPF : $1.7m (OA, SA, MA, RA)
FDs, bonds : $300k

Total about : $5.8m

Originally Posted by Unregistered

29 years old. i have a slight disability, was badly bullied and fired from my first full time job after 11 months for no reason. then slipped into depression. all the negative thoughts come back and haunt me.unable to find job.

net worth: 10,000 cash in bank.
cash: 800 for my day to day spending.

assets:
iPhone 5s 16gb
13 inch retina macbook pro
burberry watch 3800
burberry watch 1200
burberry watch 700
bottega veneta wallet 500
LV wallet 500
prada wallet 400
tons of branded clothes 2000

When I was depressed, I whack a lot of branded goods. as you can see totalling more than 10k
I could have had 20k in the bank now.

I think you should revalue your condos downwards as condo prices have crashed. Your residence should be only valued at $1.4m as it is an OCR condo. Your rental condo is only worth $1m since it is an OCR condo.

Originally Posted by Unregistered

I am 55 and I have not owned a single high end branded item to this day. My current 3 watches are 1) Hilfiger, 2) Timex and 3) Citizen. All were free watches, the first two were from Safra for 5-yearly memberships. The Citizen watch was from my company as part of my long term service award. The Tmex watch is already 10 years old and the Hilfiger watch is 4 years old. All of them are still in perfect working condition.

My shirts and trousers were local brands each costing less than $30. When torn, I just replace them. And you probably guessed it, my shoes were all bought from Bata. Yes, they don't last for more than 2 years, but this suits me because I like to buy new shoes every now & then.

My family has 2 cars, and I supposed by now, you will deduce that the cars are not conti cars. You are right. We have one Jap MPV and a Camry.

So what's our networth?

Not counting the cars, which are consumer items, we have:

Residence (condo): $1.8m
Condo for rental : $1.35m (loan $500k)
Cash : $400 k
Stocks: $800k (was $1m at start of 2015, but lost $200k due to market rout)
CPF : $1.7m (OA, SA, MA, RA)
FDs, bonds : $300k

Total about : $5.8m

i don't need a lot in life... i just want

10 million for a nice bungalow
10 million for don't ever need to worry about money
10 million for day to day spendings
10 million for cars and travel

total 40 million

24, ite educated
can't find job

my assets are: my father's mama shop and a rusty bicycle with a basket in front.

For those retrenched ex-PMETs out there, such as ex-engineers and ex-bankers, do not be sad. You have worked so hard all your lives, now is the time to celebrate life. Open your mind. Your life on this earth is limited. Time to retire. Enjoy your retirement!

Good retirement plan in KL or Penang (retire in luxury) for a retired couple at 55 years old (assuming no dependents)

Passive income at 55
Rent out fully paid HDB flat S$2.5k pm
Stocks dividends S$1k pm
Total S$3.5k pm or RM10.5k pm

KL or Penang cost of living
Rent a 3 bedroom condominium RM2k pm
Car expenses RM500 pm (assume buy car in cash RM50k)
Food, groceries, restaurants and utilities RM2k pm
Medical and entertainment RM1k pm
Misc RM500 pm
Total spending RM6k pm
Savings RM4.5k pm

Passive income at 65
Rent out fully paid HDB flat S$2.5k pm
Stocks dividends S$1k pm
CPF Life (Enhanced Retirement Scheme), couple gets S$3.5k pm
Total income S$7k pm or RM21k pm
Total spending RM8k pm
Savings RM13k pm

This retirement plan allows you to live in a nice condo and drive a nice car. You can go holidays all over the world every year if you want to since you will have lots of savings.

Your key retirement assets are: 1. HDB flat 2. CPF Life 3. Dividend blue chip stocks.