Whats your net worth

Originally Posted by Unregistered

is yours including your wife?

i'm 37 as well, wife 35. our net worth is $2.7M (including home)

no, luckily my wife come from rich family, so she has a lot of passive income for her own spending.

Originally Posted by Unregistered

Thanks for your well wishes. Yes, I have fought many corporate battles for the past 30 years. I got hurt countless times, but managed to continue fighting. Now, I still can feel the deep pain, time for me to heal my soul. You are still young, fight you must but fight well and fair. Don't ever be evil, you will regret if you do evil to others. Lastly, invest in a Singapore property - it is a valuable asset which will appreciate in the long run. All the best to you, young man.

Thank you sir!

Age:46
Occupation: single income in ship brokerage
Property: $5.5m (3 properties, one houses parents, other is rented)
Stocks & Unit Trusts: $6.9m
Cash: $600K
Loans: $2.5m (both property and margin financing)
Income: $500K+ & $400K of passive income from rental, interest & dividends

41, business owner.
Annual salary: $900k.
Owns 2 bungalows and 3 condos.
Net worth: Only $20m.
Target net worth before retiring: $50m.
Need to work harder.

You make me feel very small :-( my wife and I only have one property, our 4 room HDB flat which is about $450k. Our other assets and cash only $200k. We are both 48. Our salary together only $70k a year. How can we retire? What business can we do to be rich like you?

Originally Posted by Unregistered

41, business owner.
Annual salary: $900k.
Owns 2 bungalows and 3 condos.
Net worth: Only $20m.
Target net worth before retiring: $50m.
Need to work harder.

What about your CPF savings? If you can meet the minimum when you are 55 you can at least look forward to some payout when you are 65. The minimum sum by this July 2013 will be $148k. In 7 yrs time when you hit 55, it could be raised to $250k possibly. With that, you can expect $2k payout each month or $4k total with your wife. This plus contribution from your children, you can retire. Just have to live simply.

Originally Posted by Unregistered

You make me feel very small :-( my wife and I only have one property, our 4 room HDB flat which is about $450k. Our other assets and cash only $200k. We are both 48. Our salary together only $70k a year. How can we retire? What business can we do to be rich like you?

32, financial analyst
Annual salary: $240k.
Owns 1 condo for staying and 1 for investment and other public securities
Net worth: Only $2.3m.
Target net worth before retiring: $10m at 40 yrs old

44, poor landlord. Very stressful job, every month collect rent. Need to travel to ATM to withdraw rent for monthly expenses. Need to read lots of news to keep updated on property and economic market trends and developments. Earns only $72k per year. Owns only 3 condos, staying in one of them.

Originally Posted by Unregistered

44, poor landlord. Very stressful job, every month collect rent. Need to travel to ATM to withdraw rent for monthly expenses. Need to read lots of news to keep updated on property and economic market trends and developments. Earns only $72k per year. Owns only 3 condos, staying in one of them.

thats pathetic....

44 already and only own 3 condos? better work harder

Originally Posted by Unregistered

thats pathetic....

44 already and only own 3 condos? better work harder

Yes, you have to work harder. I'm only 38 and I already own 5 condos. By 44, I should own 6 condos. By 65, i will own 10 condos. Then i can retire, hopefully I'm not dead by then. You need at least $20 mil to retire comfortably.