Whats your net worth

38M Single, diploma holder no degree

CPF - 200K
Cash - 160K
Bond - 30K
Stocks - 350K

Annual Salary - 140K

Am currently living in my studio apartment condo with about 500k loans to go.

Lucked out on a 10k stock investment 8 years ago that gave me major profit so I am still holding it.

The rest are pretty basic and I acknowledged that although I am not a high earner, I am pretty lucky for a slacker with only a diploma and not really doing anything extraordinary or particular hardworking in my career.

[Anarki95]

Originally Posted by Unregistered

38M Single, diploma holder no degree

CPF - 200K
Cash - 160K
Bond - 30K
Stocks - 350K

Annual Salary - 140K

Am currently living in my studio apartment condo with about 500k loans to go.

Lucked out on a 10k stock investment 8 years ago that gave me major profit so I am still holding it.

The rest are pretty basic and I acknowledged that although I am not a high earner, I am pretty lucky for a slacker with only a diploma and not really doing anything extraordinary or particular hardworking in my career.

By the time you 65, you are a millionaire. Simple life mate. Even though you slack your way through. Don’t need think so much haha

[Anarki95]

Originally Posted by Unregistered

Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k

Come here my trading company out hehe. We have all the licensing. 2% per month dealing with frozen meat.

[Anarki95]

Originally Posted by Back to SG

40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: 1.4m
Investments (mostly equity): 0.6m
Property 1: FH landed 3.7m (outstanding 2.5m)
Property 2: Overseas Condo 2.1m (outstanding 1m)
Property 3: Overseas Condo 1.4m (fully paid)
Insurance: Term 3m (1.5m each) and Life 1m
CPF/MPF: 0.5m (minimal CPF as mostly worked overseas)
Net worth: c. 7m (incl. life insurance)

Salary (incl. bonus): c. 400k (me) / c. 800k (wife)
Passive income: c. 100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I started from (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch a bit of the property wave then.

Now that we’re back in SG, just thinking about how long more should we continue to work (our asses off and honestly, we’re both doing 60-70+ hours weekly) - given sacrifices have been made in terms of time with the kiddos and ourselves.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. Ideally, we would also like
to ramp up our passive income but I have my equity track record is nothing to shout about :P

Any thoughts to share?

I realised in singapore, if we live below our means , work our way up and keep investing our money, sure can become financially stable. Making money is the easy part, but to re-invest and save money is huge issue for some people.

[megalomaniac]

26M, Fresh grad
-30k in student loans
+6k in cash
+6k in investments

Net worth: -19k

Maybe I can also +10k for each kidney?

Originally Posted by megalomaniac

26M, Fresh grad
-30k in student loans
+6k in cash
+6k in investments

Net worth: -19k

Maybe I can also +10k for each kidney?

Just spend a little more prudently for the next couple of years and save up. No need to sell off your kidney, really. You should be able to clear off your loans within the next couple of years.

Originally Posted by megalomaniac

26M, Fresh grad
-30k in student loans
+6k in cash
+6k in investments

Net worth: -19k

Maybe I can also +10k for each kidney?

I cleared my student loan 43k by 30 within 4 years.

You should be able to clear by 30 too.

Meanwhile plan your finances wisely.

29M degree holder, been working for nearly 3 years.

Cash 32k
Cpf 72k
Investment 32k
Student loan + other debts 1k

Doing okay I guess?

Originally Posted by Unregistered

29M degree holder, been working for nearly 3 years.

Cash 32k
Cpf 72k
Investment 32k
Student loan + other debts 1k

Doing okay I guess?

Congrats, you have 136K at age 29, very impressive.

26/m
Just started working a year.

Combine asset with fiancée
Cash 51k
Stocks 50k (though should be lower due to recent contraction)
House coming in a few years

Income : 70k Pa for me

Guess we are doing fine?