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26-01-2010, 01:02 PM
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Verified Member
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Join Date: Jan 2010
Posts: 10
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Whats your net worth
I am 35, working in IT for over 10 years, and accumulated a net worth of $370k ( cpf, savings, cash), how do I fare among fellow Singaporeans?
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26-01-2010, 02:00 PM
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IT, then Academic, then IT for 11.5 years.
Wife and I: $512k cash, $170k shares, $256k cpf.
Total: $938k
My 50% share: $469k
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26-01-2010, 03:26 PM
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Wife & I after working for 12 years (with 2 kids):
Cash + Stock $390k, SRS $67k, CPF (excluding MA) $320k
Total (Miserable) $777k
Network worth if include "house-loan value" ~ (still miserable) $1mil
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26-01-2010, 10:53 PM
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my turn
I am a poor man.
34. Working for 8 years.
Cash: 365K Stocks: 200K 2nd Property: Bought at 600K now worth 800K. Outstanding loan of 200K
I don't consider my first property and money in CPF part of networth...
Even if I do, I still consider myself a poor man.
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26-01-2010, 10:57 PM
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Don't feel sad for yourself poor man.
It's better to be poor than unhappy. When I was your age, I wasn't doing any better than you. But I learnt how to be contented.
At 40, I am now retired and living my life the way I want to. That's because I learnt to be contented with what I have. I told myself at 38 that as long as achieve a passive income of 5K a month, I will retire. I thought I could do so when I am 50.
I managed to achieve my target when I hit 40. And so here I am now. Poor but happy.
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27-01-2010, 12:46 AM
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You're too modest, given that you have more than $1mio in net worth excluding residence. I presume that these assets are not shared with spouse?
Quote:
Originally Posted by Unregistered
I am a poor man.
34. Working for 8 years.
Cash: 365K Stocks: 200K 2nd Property: Bought at 600K now worth 800K. Outstanding loan of 200K
I don't consider my first property and money in CPF part of networth...
Even if I do, I still consider myself a poor man. |
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27-01-2010, 02:36 PM
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Verified Member
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Join Date: Jan 2010
Posts: 10
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Quote:
I am a poor man.
34. Working for 8 years.
Cash: 365K Stocks: 200K 2nd Property: Bought at 600K now worth 800K. Outstanding loan of 200K
I don't consider my first property and money in CPF part of networth...
Even if I do, I still consider myself a poor man.
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How did you manage to accumulate such wealth in 8 yrs? care to share with us?
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27-01-2010, 02:54 PM
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still poorly paid
savings 29k
stock 500k
age 36 have been working for 10yr
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28-01-2010, 09:24 AM
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Quote:
Originally Posted by Unregistered
1.6 mil me + wife 0.5 mil
36, worked banking 10 years... wife doctor with govt.
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Impressive! Do the amounts include residence property and CPF?
Could you also kindly share your current income levels?
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