Whats your net worth

If you count those "landed plots" at Lim Chu Kang... proportion goes way up.

Originally Posted by dun_waste_time

Looking at statistics, only about 5% of Singaporeans live in a Landed property, you are well above average..

Originally Posted by Unregistered

40 years old couple

combined net worth only $1m

hdb flat fully paid. now worth $500K
cpf, cash, shares and bonds now worth $500K

we are just average sporeans

there are so many rich people in this forum. amazing.

People can be as rich as they want on the internet

Originally Posted by Unregistered

People can be as rich as they want on the internet

Many working-professionals couples have $1m net worth combined by age 40.

20% of Singaporeans stay in private housing. Most private housing have past the S$1m mark, or at least pretty close. Add in cash savings + cpf money... $1m net worth is pretty common.

Even a 5 RM HDB now in heartland area is $600-700k. Assume you finish paying off your loan at 50 years old, your CPF + HDB house should be enough to make you a millionaire.

So once the Older Generation of Singaporean die off.. our younger generation will automatically inherit the million dollar and there will be EVEN more S$1m net worth couples...

Sad thing is life expectancy going.. so these older generation don't die as fast as they used to

Originally Posted by Unregistered

Many working-professionals couples have $1m net worth combined by age 40.

Originally Posted by Unregistered

20% of Singaporeans stay in private housing. Most private housing have past the S$1m mark, or at least pretty close. Add in cash savings + cpf money... $1m net worth is pretty common.

Even a 5 RM HDB now in heartland area is $600-700k. Assume you finish paying off your loan at 50 years old, your CPF + HDB house should be enough to make you a millionaire.

So once the Older Generation of Singaporean die off.. our younger generation will automatically inherit the million dollar and there will be EVEN more S$1m net worth couples...

Sad thing is life expectancy going.. so these older generation don't die as fast as they used to

What if you don't count residence property? It's not easily convertible to cash unless you sell and stay with your kids.

Home net worth = $800K

CPF and cash = $200K

Stocks = $30K

Total = $1.3 mil

Annual salary only $80K a year

Worried I dont have enough for retirement. I am now 50 years old.

Originally Posted by Unregistered

Home net worth = $800K

CPF and cash = $200K

Stocks = $30K

Total = $1.3 mil

Annual salary only $80K a year

Worried I dont have enough for retirement. I am now 50 years old.

Excluding residence, you only have 500k. Maybe sufficient, but not a lot.

Property 2 mil
Loan outstanding 1.3 mil

Cash 825k
CPF 950k
Stock 68k

2 cars
Car loan outstanding 37k

Originally Posted by Unregistered

Property 2 mil
Loan outstanding 1.3 mil

Cash 825k
CPF 950k
Stock 68k

2 cars
Car loan outstanding 37k

Please share your secret. Lots of middle class couples aspire to be like you. Can you help us a little?

Quote:
Originally Posted by Unregistered
Property 2 mil
Loan outstanding 1.3 mil

Cash 825k
CPF 950k
Stock 68k

2 cars
Car loan outstanding 37k

Originally Posted by Unregistered

Please share your secret. Lots of middle class couples aspire to be like you. Can you help us a little?

I must say we made some small fortunes with our homes so far. Not on speculation. Our 1st property a hdb we stayed for 5 yrs, we sold n made $230k. Our 2nd property private stayed for 10 yrs, sold and made 400k. Current condo in prime district has appreciated by 300k.

We are both graduates n been working since 1989. Our salary have grown over the years. Our salary plus bonus combined for last year was 315k. So that enable us to accumulate cash n CPF over the years.