Whats your net worth

[mugster]

My mid-life stock-take

0 Debt
1 Trophy Wife
2 Beautiful Kids
3 Million Assets
4 Wheels
5 Room Flat
6 Digit Annual Salary

Originally Posted by mugster

My mid-life stock-take

0 Debt
1 Trophy Wife
2 Beautiful Kids
3 Million Assets
4 Wheels
5 Room Flat
6 Digit Annual Salary

Congrats, but work on that 5 room flat. Not good enough.



Or are you waiting for Khaw's changes to take effect?

20% Debt to Equity
1 normal looking, but devoted housewife
4 average looking but smart kids
12 million assets
8 wheels
2,780 sq ft 4 bedroom townhouse
6 digit passive income

Am I better off than mugster? Keep thinking about his trophy wife...

Originally Posted by Peasant

Life as a multi-millionaire is lonely.. if you are single.
Yours friends are all working their butts off and they can see you only after office hours.
So lonely that many young millionaires surf the web and just chit-chat.

Sometimes, I meet up with fellow millionaires for coffee at starbucks during office hours at ulu location with no crowd.

Sometimes, I go with fellow millionaires to property showroom. It is kind of a hobby to us.

Sometimes, We go out test-driving cars when the showroom is empty during office hours.

Sometimes, I attend investment seminars to entertain myself. Coz I can get to see "millionaires" or "successful" people talking, yet still selling how to get rich course. I also find joy in seeing suckers rushing to sign up, to enrich the trainers, not the participants.

It's a lonely life and I ask you all to be gainfully employed even if you are a millionaire. Treat it as socialising with people. Treat your job as a hobby too. Don't be like me, I quit and now I have trouble going back to work.

Its true hard to getback after stopping work for so long.

[RealShooter]

Originally Posted by Unregistered

i am your student, 16 y.o. i got 30m cash and 20 m shares, mainly in Starhub too!!!
wow!
my 1 room hdb still got loan.
I saw your audi tt and a8, cool! i can make vroom sounds when i play with them on my LEGO trace track in my living room.

Nice...straight to e bone.

[RealShooter]

Originally Posted by The Lone Ranger

Diploma grad
Married with kids
Single income
32 years old

Cash : 10k
stocks : 85k
4 rm hdb flat : 90k outstanding loan @ 2.6%
Cpf OA : 10k
Bike : fully paid
Car : 17k outstanding loan @ 2.9%


Currently thinking of looking for a higher salary potential job with my diploma, by coming into salary.sg to take a look.

Veri impressive for a single income mother wif kids....respect u should be able to retire soon.

[RealShooter]

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?

I am 34, IT for 3yrs cum gambler for over 15 years, in between jobs and business accumulated a net worth of $700k+ ( 0 cpf, 50k cash, 25k car, 10k boat, 650k property (85k loan), 100k stock), 1 wife 2 kids, single income ...how i wish i can do that without any form of gambling u must be earning alot n saving alot.

Originally Posted by Unregistered

Age: 30
Property: Condo (950k value now. Outstanding loan 460k)
Cash: 55k
Stocks: 20k
CPF: 37k (OA & SA)
Income: 5k monthly

I don't intend to buy a car unless public transport becomes intolerable.

Stocktake 2 months later.

Age: 30
Property: Condo (1M value now. Outstanding loan 457k)
Cash: 64k
Stocks: 34k
CPF: 38k (OA & SA)
Income: 5.1k monthly

Increase in cash due to bonus, slight pay increment. Bought more shares however only at breakeven now. Still no car and no kid, and still looking for source of passive income. Have tried to be more frugal these two months, it isn't easy, temptation to spend is always there. Gotta keep going ... long way from financial goal.

Originally Posted by Unregistered

Stocktake 2 months later.

Age: 30
Property: Condo (1M value now. Outstanding loan 457k)
Cash: 64k
Stocks: 34k
CPF: 38k (OA & SA)
Income: 5.1k monthly

Increase in cash due to bonus, slight pay increment. Bought more shares however only at breakeven now. Still no car and no kid, and still looking for source of passive income. Have tried to be more frugal these two months, it isn't easy, temptation to spend is always there. Gotta keep going ... long way from financial goal.

You should buy more shares during recession time. What are your sources of passive income besides stock dividends?

Originally Posted by Unregistered

You should buy more shares during recession time. What are your sources of passive income besides stock dividends?

I don't have a significant source of passive income, this is a problem.

Passive income can be from 1) dividends, 2) business, 3)renting out 2nd property.

The reason I don't own a lot of stock is that I'm pessimistic about the US economy, euro crisis, etc. Right now I prefer a short term trading style. If I buy stocks to hold, I will get dividends, but there is a risk of capital losses if stock values drop. I did buy some stocks in June, some dropped and some rose, net result is breakeven, nothing fantastic.

Am thinking about setting up a business in my spare time.

I don't have enough money to buy a 2nd property to rent out, anyway its a property bubble now.

Can't jump company for higher salary as my skills are too specialised.

Overall, feel quite stuck