Originally Posted by Mid life Crisis (Post 14683)

Mid Life Crisis Review

Property : Value SGD 4.2M
Huge Debt : SGD 2.9M
Cash : SGD 1.1M
CPF SGD 0.3M

Negative equity at SGD 1.5 M
Combine income SGD 600K pa
2 kids and 8 wheels.

So what am I worth??

Originally Posted by Unregistered (Post 14689)

I assume by "negative equity", you mean your stocks net of capital is -1.5M

So your net worth is (4.2-2.9) + 1.1 + 0.3 - 1.5 = 1.2M

Still way higher than what most Singaporeans can ever accumulate in their entire lives.

Be happy.

Originally Posted by Unregistered (Post 14724)

Actually negative equity refers to my debt position greater than cash.
so actual number is 4.2-2.9+1.1+0.3=2.7 M

Am contended, but looking at the loan, it makes me depress. Want to be debt free!

Originally Posted by miwashi (Post 14732)

How do you all get so much?

I'm interested in knowing what is the average net worth of someone who has been working around 10 years, purlely savings, no investments at all.

Originally Posted by RealShooter (Post 14268)

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 (Post 14733)

without investment returns, i would have had about 400k-500k net worth after working for 10 years. what's yours?

Originally Posted by Mid life Crisis (Post 14683)

Mid Life Crisis Review

Property : Value SGD 4.2M
Huge Debt : SGD 2.9M
Cash : SGD 1.1M
CPF SGD 0.3M

Negative equity at SGD 1.5 M
Combine income SGD 600K pa
2 kids and 8 wheels.

So what am I worth??

Originally Posted by Unregistered (Post 14737)

I have around $100k savings and $100k cpf. still paying back degree loan as I'm using the slowest payback option.

I am really interested in investing rather than keeping all the cash in a sock, but am worried about devaluation.