Whats your net worth

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.

Hi mummy1234 😁

[retirement_sg]

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...

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

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.

[brownie17]

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.

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.

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..

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.

Wow, just came across this. So here is my stats.

34 YO

+ 220k : Cash savings
+ 340k : CPF
- 380k : outstanding mortgage

~ 700k : 1 bedder condo (freehold)
~ 400k : 1 B1 Industrial Property (freehold)
~ 400k: Warehouse (freehold)
+ insurance policy (term, so i think no value)

No car, all properties above are rented out

Base salary is 150k/pa after taxes and rent of my own house which I am staying in.

Wife not working, 1 kid.

Not sure how I am fairing but we live quite frugally, eat at home often and no expensive holidays or car.

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

Well done!

Congratulations!!

For your last lap of work, what would be your expected passive income? Where would it comes from? Rental and Stocks? How much estimated to be able to retire?

Somehow have the similar networth and age, though planning to call it off, however passive income is not sufficient. Current achieving $26K/yr. SRS, CPF, Insurance are maxed up but unable to touch till 65.
Aiming to have $8K/mth to support the whole family of four with primary and polytechnic schoolgoing children.

Thanks

Originally Posted by Unregistered

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