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05-02-2010, 11:59 PM
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Verified Member
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Join Date: Jan 2010
Posts: 10
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Quote:
How about you start the ball rolling on the boldfaced part.
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I think its pretty obvious that I accumulated my networth through savings. I mentioned 370k ( cpf, savings, cash). Savings and cash are the same, guess I was not thinking right when I post.
I am surprise that somebody would be interested to know how to accumulate 370k in 10 years. I believe any middle income who can save part of their income regularly can accumulate that amount in 10 years. But thanks for asking.
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06-02-2010, 07:30 AM
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I am 40.
Cash about 400K, CPF 150K, stock 100K.
No loan, small private worth about 600K with wife.
Looks like i am falling behind the curve.
Damn xian.
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06-02-2010, 08:55 AM
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Quote:
Originally Posted by Unregistered
Currently 37 and have been working since 24.
1st job ~ 25K annual
5th job (current) about 320k
Currently have cash $1m, stocks $50k, 1st property ~$2.5M (loan $1.6M), 2nd property ~$2M (loan $1M).
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quite impressive.
im also 37 and recently only made a breakthru in my salary after i started my own business.
myself - cash $750k , property 1m ( fully paid with cpf and cash) , stocks 250k.
can i know whats yr occupation?
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06-02-2010, 02:44 PM
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Quote:
Originally Posted by Unregistered
quite impressive.
im also 37 and recently only made a breakthru in my salary after i started my own business.
myself - cash $750k , property 1m ( fully paid with cpf and cash) , stocks 250k.
can i know whats yr occupation?
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Care to share what made you take the step toward entrepreneurship? Did you start with an idea or take over an existing business?
Thanks for sharing.
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07-02-2010, 03:32 AM
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27 cpf 50k, cash 75k, stocks 25k...n property yet and single...
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07-02-2010, 11:10 AM
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Quote:
Originally Posted by Unregistered
quite impressive.
im also 37 and recently only made a breakthru in my salary after i started my own business.
myself - cash $750k , property 1m ( fully paid with cpf and cash) , stocks 250k.
can i know whats yr occupation?
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My occupation is nothing impressive. Just middle management in IT line. Salary is also about average in that line.
What matters most, as others pointed out here is the courage to risk some of your money and let it work for you. Not a new principle just need to act on it. Many are also asking for the magic formula or investment. I don't think there's one that works for everyone. You'll just have to try and figure out for yourself
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07-02-2010, 12:34 PM
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Quote:
Originally Posted by Unregistered
My occupation is nothing impressive. Just middle management in IT line. Salary is also about average in that line.
What matters most, as others pointed out here is the courage to risk some of your money and let it work for you. Not a new principle just need to act on it. Many are also asking for the magic formula or investment. I don't think there's one that works for everyone. You'll just have to try and figure out for yourself
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If you're the one who's now 37y.o. earning 320k in your 5th job, I would say that kind of pay is NOT "about average" as you said.
Your job may not be "impressive", but your pay certainly is. Cheers!
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07-02-2010, 09:18 PM
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both 35-year-old teachers, 800k combined net worth.
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10-02-2010, 03:33 PM
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Both teachers?Really impressive for one relatively young.Do u include CPF monies and primary residence as well?
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10-02-2010, 05:26 PM
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Quote:
Originally Posted by Unregistered
Both teachers?Really impressive for one relatively young.Do u include CPF monies and primary residence as well?
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CPF is included, but not primary residence. What's yours?
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