Whats your net worth

Originally Posted by Unregistered

42m/45f wife
2kids

12mil cash
26mil stocks/bonds
8mil condo A living
4mil condo B rental, under kid name
2mil condo C renral, under kid name
3m shop house rental

Own construction company.

Such a successful person and you actually have time for this forum. We feel so honored by your presence. So how has your construction firm been during this COVID period? How is the biz?

40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: 1.4m
Investments (mostly equity): 0.6m
Property 1: FH landed 3.7m (outstanding 2.5m)
Property 2: Overseas Condo 2.1m (outstanding 1m)
Property 3: Overseas Condo 1.4m (fully paid)
Insurance: Term 3m (1.5m each) and Life 1m
CPF/MPF: 0.5m (minimal CPF as mostly worked overseas)
Net worth: c. 7m (incl. life insurance)

Salary (incl. bonus): c. 400k (me) / c. 800k (wife)
Passive income: c. 100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I started from (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch a bit of the property wave then.

Now that we’re back in SG, just thinking about how long more should we continue to work (our asses off and honestly, we’re both doing 60-70+ hours weekly) - given sacrifices have been made in terms of time with the kiddos and ourselves.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. Ideally, we would also like
to ramp up our passive income but I have my equity track record is nothing to shout about :P

Any thoughts to share?

40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: $1.4m
Investments (mostly equity): $0.6m
Property 1: FH landed $3.7m (outstanding $2.5m)
Property 2: Overseas Condo $2.1m (outstanding $1m)
Property 3: Overseas Condo $1.4m (fully paid)
Insurance: Term $3m ($1.5m each) and Life $1m
CPF/MPF: $0.5m (minimal CPF as we spent most of our careers overseas)
Net worth: c. 7m (incl. life insurance, excluding unvested shares)

Salary (incl. bonus): c. $400k (me) / c. $800k (wife)
Passive income: c. $100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I was when I first started out (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch onto the property surge fairly early on there.

Now that we’re back in SG (for the kids' primary school education), just thinking about how long more should we continue to work our asses off (we both clock 60-70+ hours weekly; excluding weekends) - given sacrifices that have been made in terms of time spent on just living, with our kid, etc.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. We would also like
to ramp up our passive income in order to keep things sustainable in the long term.

Any thoughts to share (fully aware that we're in a very enviable position)?

Full of cannon balls here..... hahaha

Originally Posted by Back in SG

40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: $1.4m
Investments (mostly equity): $0.6m
Property 1: FH landed $3.7m (outstanding $2.5m)
Property 2: Overseas Condo $2.1m (outstanding $1m)
Property 3: Overseas Condo $1.4m (fully paid)
Insurance: Term $3m ($1.5m each) and Life $1m
CPF/MPF: $0.5m (minimal CPF as we spent most of our careers overseas)
Net worth: c. 7m (incl. life insurance, excluding unvested shares)

Salary (incl. bonus): c. $400k (me) / c. $800k (wife)
Passive income: c. $100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I was when I first started out (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch onto the property surge fairly early on there.

Now that we’re back in SG (for the kids' primary school education), just thinking about how long more should we continue to work our asses off (we both clock 60-70+ hours weekly; excluding weekends) - given sacrifices that have been made in terms of time spent on just living, with our kid, etc.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. We would also like
to ramp up our passive income in order to keep things sustainable in the long term.

Any thoughts to share (fully aware that we're in a very enviable position)?

Dont worry you are safe even if you have no job.

Originally Posted by Back in SG

40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: $1.4m
Investments (mostly equity): $0.6m
Property 1: FH landed $3.7m (outstanding $2.5m)
Property 2: Overseas Condo $2.1m (outstanding $1m)
Property 3: Overseas Condo $1.4m (fully paid)
Insurance: Term $3m ($1.5m each) and Life $1m
CPF/MPF: $0.5m (minimal CPF as we spent most of our careers overseas)
Net worth: c. 7m (incl. life insurance, excluding unvested shares)

Salary (incl. bonus): c. $400k (me) / c. $800k (wife)
Passive income: c. $100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I was when I first started out (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch onto the property surge fairly early on there.

Now that we’re back in SG (for the kids' primary school education), just thinking about how long more should we continue to work our asses off (we both clock 60-70+ hours weekly; excluding weekends) - given sacrifices that have been made in terms of time spent on just living, with our kid, etc.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. We would also like
to ramp up our passive income in order to keep things sustainable in the long term.

Any thoughts to share (fully aware that we're in a very enviable position)?

thank you for your csb +1

Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k

Originally Posted by Unregistered

Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k

Fixed deposit is the way to go. Wealth preservation is the most important in current climate.

Originally Posted by Unregistered

Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k

Have you considered buying an apartment and getting rental income? With that cash and cpf, you can easily afford something of 1.5mil.

Never listen to this nut...must be a property agent cos you will be in very heavy debt, high strung as cannot be jobless and probably die young working like a dog.