Whats your net worth

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 Mid life Crisis

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??

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

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.

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 Unregistered

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!

downgrade your house to a still-posh condo and you'll be less depressed, esp when property is still hot. you must have realized that most of your net wealth is stuck in that big luxury house you live in.

[miwashi]

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 miwashi

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.

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

Originally Posted by RealShooter

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.

You have double of what he has and 1 year younger, so what are you trying to say?

Originally Posted by Unregistered

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

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.

Originally Posted by Mid life Crisis

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??

you should sell your property and buy a 4 room hdb flat, fully paid by cash

do charity work and donate more

dont be selfish

Originally Posted by Unregistered

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.

Now is the wrong time to invest. Many seasoned investors are already holding cash, or at least planning to do so in near future, and waiting for the opportune time to re-enter the market.

The bulk of my wealth is in cash now. In SGD.