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22-10-2019, 02:27 PM
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Quote:
Originally Posted by Unregistered
Professional Couple in our mid 40s with 2 kids
Combined assets
Cash savings: S$300k
CPF: S$850k
Overseas FH semid fully paid :S$500k
Sg FH 3 bedder condo : S$370k loan left. Worth S$1.3 mil ?
Other insurance policies etc : S$ 150k thereabouts
1 year old Toyota Altis car :S$65k loan left
Networth about S$2.5 mil combined (depending on properties valuation)
Combined income variable, about S$200k pa this year as I worked less.
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Hi mummy1234 😁
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02-01-2020, 02:23 AM
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Junior Member
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Join Date: Jan 2020
Posts: 1
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38 YO
+ 250k : Cash savings
+ 048k : SRS account (half with STI index, another half idle)
+ 395k : CPF (OA $125k, SA $207k, MA $60k)
- 71k : CPF (drawndown from OA, still servicing mortgage...)
- 272k : outstanding mortgage
~ 1mil : 3 bedder condo (99 year)
+ 1 motorbike
+ 1-2 insurance policy (dunno the value)
income Gross 180k/pa (i.e. before cpf deduction, exclude bonus)
can't wait to retire...
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26-01-2020, 10:40 PM
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Age 35
Annual - around 150k with bonus
Cash 200k
Cpf (OA 30k+SA 180k) 220k
1 condo in JB with 140k debts (intend to repay in full and keep for retirement)
2 rolex can get back 25k easily
no investments , not married, no car nor hdb , staying with parent :s13:
Aim to retire at 45 with enough savings, once income drop to zero then go apply for 2rm bto with full payment from CPF OA / or take over parents 4rm hdb (60 years lease remaining as of now but strong for rental)
CPF SA should hit 500k when im 62 compounding at 4% ( if no changes to % and withdrawal age/rule
Bought term insurance for 400k till 65 (may cancel at age 45 if i have no dependents)
Aim to retire at age 45 go yolo and move around low cost countries like malaysia, thailand taiwan and home. With 1M in cash, 1 jb condo , 1 hbd (2rm bto /old 4rm hdb) no debts , withdrawal rate of 2-3%. , CPF life as backup ( CPF OA $0, CPF MA Full )
appreciate all the senior's advise on how am i doing, and on my plans as well
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27-01-2020, 06:24 AM
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Combined savings (age early 40)
1hdb fully paid (650k) and 1 condo (800k). Cash saving 50k
Cpf 250k
Insurance payout from age 60 (300k)
No debt.
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28-01-2020, 06:44 PM
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Junior Member
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Join Date: Jan 2020
Posts: 1
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As for me, I don't like debt. Therefore, I never take large loans. It turns out that your whole life is on credit and then you can't wait to retire. I feel very sorry for people who have large debts on loans. My friend was left without all the property, because of debts. Now all he has is a small room in a rented apartment that he can afford to pay for. So I try to moderate my appetites and live within my means. For small loans, I use this company ( https://credit-10.com/no/centum-logg-inn/) to go on vacation or to buy new gadgets. This is my maximum. And I am very afraid of losing my home, so I do not take a loan for a Villa for myself. I'm happy with the little house I have.
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28-01-2020, 08:13 PM
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2k in cash. 2k in cpf from part time work. I have wife (rifle), and lots of extra duties.
Seniors what do u think i shld do when i ord to like all of you so successful.
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25-02-2020, 03:05 PM
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Quote:
Originally Posted by Unregistered
Update, 6 yrs later.
now in the late 40s, wife mid 40s, 2 kids entering teens.
Combined income $500k+ pa (I am still working)
Net worth, including stock, CPF, cash, and home, $5m+.
1 car, fully paid (take the bus sometimes)
Working on generating passive income of around 10k a month, currently nowhere near there still..
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My age / income and net worth band are rather close to yours, also aiming for 10k passive income. I am generating about 7-8k per mth from corporate bonds coupon, property rental mostly. Just thinking that you should be able close in on the 10k/ mth target.
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11-04-2020, 05:29 PM
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Hi everyone just to share me & wife status
Age 50 both
Cash & Stocks - $2 mil
CPF OA $200k
CPF SA $450k
Paid up 3 bedder at OCR
BUC 4 bedder at RCR outstanding loan $1 mil
Paid up Japanese luxury car
Hope to finish up the last lap of work till age 55
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