Whats your net worth

#**401** (**permalink**) 28-09-2011, 06:51 AM

Quote:

Originally Posted by Unregistered

Seems to me that your savings are relatively low given your income level. What % of your income do you save per month or per year?

Yes, probably savings on the low side, as we have just clear off the housing loan and looking to clear the car loan few months time.

Generally I would say we save about 30-40% of take home, and some of it actually went into insurance premiums.

#**402** (**permalink**) 30-09-2011, 05:12 PM

Net worth is not as important as having a pool of assets which generate sufficient passive income to cover your expenses.

This is probably one of the best ways to living the life you want

Daredevil · #**403** (**permalink**) 01-10-2011, 06:42 AM

Age: early 40s
Annual income 300k+

3 properties
Valued 3m, loan 1.5m
Passive income 6k per mth / 72k p.a

Mutual funds 100k
Stocks 300k (200k after recent crash)
Cash 100k (waiting to invest)
Emergency cash 40k (3 mths expenses as standby)

Mthly Savings : 25 percent of take home pay

Net worth: about 1.9m

Am from the 1st batch of normal stream students (aka 5 years secondary school). Didn't think I would have a good future... I used to feel sorry for myself & adopted a victim mentality until I decided to be CEO of my own life & take responsibility.

#**404** (**permalink**) 01-10-2011, 08:49 AM

34 years old. Property 2M, loan 800K. Cash and stocks 1.1M. Annual salary close to 200K.

#**405** (**permalink**) 01-10-2011, 09:34 AM

Age: 40
Annual income for me and wife: $340,000
Property: $1,400,000 (no loan)
CPF : used to pay off property
Cash: $1,060,000
Car: fully paid

Waiting right time to invest in shares or another property.

#**406** (**permalink**) 01-10-2011, 11:50 AM

Age 33, Cash 500K, Property 1 million, no more investments all sold off

Wiseman1 · #**407** (**permalink**) 01-10-2011, 02:44 PM

You guys are all bull-shitting.......If you are only in your 30s or early 40s and have used your cash to pay up your property loans.....there us now way you can still have 1 million cash....especially if your income is only in the 200k region....

a quick calcuation shows that you are blowing your own trumpet....unless you are telling me you started earning 200k annually from your first day at work!

#**408** (**permalink**) 01-10-2011, 06:02 PM

Quote:

Originally Posted by Wiseman1

You guys are all bull-shitting.......If you are only in your 30s or early 40s and have used your cash to pay up your property loans.....there us now way you can still have 1 million cash....especially if your income is only in the 200k region....

a quick calcuation shows that you are blowing your own trumpet....unless you are telling me you started earning 200k annually from your first day at work!

The explanation is simple. Obviously not all of it came from savings. I was lucky to buy a private property before 2006 for a low price and sold for more than double during the 2007 boom. Flipped 2 more after the market dropped in 2009

for more profits. If the market crashes again i will have a chance to make another 500k to 1M

#**409** (**permalink**) 01-10-2011, 09:26 PM

40s

net worth only $800K

no job - just got retrenched due to office politics

so how?

#**410** (**permalink**) 01-10-2011, 11:16 PM

Quote:

Originally Posted by poor guy

40s

net worth only $800K

no job - just got retrenched due to office politics

so how?

Though 800k may seem like a lot to many people, getting retrenched at age 40 may mean it's harder to get a similarly high-paying job. How's your job search so far?