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19-04-2010, 04:26 PM
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He spent most of his money on his terrace house.
Age: 32
Annual Income: 65k (inclu. AWS and bonus)
Cash: 12k
Investment (UT + stocks): 108k Cash; 59k CPF
Others (Endowment + Bank investment plan): 54k potentially in another 10yrs time
Property: HDB EA flat (worth ~480k now; 220k loan to HDB)
Car: still owe bank ~15k (to date, the scrap value is 10k)
Do you think I'm a loser? I have been working for almost 9yrs and due to last year's financial crisis, I was retrenched and switched job with 10% paycut.
Now, when I compare with my peers (same batch from uni), I'm earning less than them. But I'm not too sure on the comparison in terms of net worth...
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19-04-2010, 05:48 PM
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Quote:
Originally Posted by Unregistered
He spent most of his money on his terrace house.
Age: 32
Annual Income: 65k (inclu. AWS and bonus)
Cash: 12k
Investment (UT + stocks): 108k Cash; 59k CPF
Others (Endowment + Bank investment plan): 54k potentially in another 10yrs time
Property: HDB EA flat (worth ~480k now; 220k loan to HDB)
Car: still owe bank ~15k (to date, the scrap value is 10k)
Do you think I'm a loser? I have been working for almost 9yrs and due to last year's financial crisis, I was retrenched and switched job with 10% paycut.
Now, when I compare with my peers (same batch from uni), I'm earning less than them. But I'm not too sure on the comparison in terms of net worth... |
Are the above numbers combined with spouse? If not, do you own 100% of the EA flat's net value?
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19-04-2010, 10:57 PM
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Quote:
Originally Posted by Unregistered
Are the above numbers combined with spouse? If not, do you own 100% of the EA flat's net value?
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The above numbers are my own, w/o spouse. Except for the EA whereby me and my spouse co-owned the unit. We share the loan equally as well.
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20-04-2010, 01:11 PM
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Quote:
Originally Posted by Unregistered
The above numbers are my own, w/o spouse. Except for the EA whereby me and my spouse co-owned the unit. We share the loan equally as well.
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The numbers are pretty decent, considering you are not a very high income earner. My net worth is about 650k. Combined with spouse, it will be 1.3m. We are 35-36 years old. Our combined income is about 220k.
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08-05-2010, 12:38 PM
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Age 27
Stocks: 80K cash CPF 12K
Remaining in CPF OA: 25K
Debts: 0
Cash: 4K
I am not sure how I am doing but looking at all the rest here, it seems that I am just average
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01-06-2010, 06:45 PM
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me age 39
5 room HDB fully paid $400k
cash 10k
cpf 0k
scooter worth $100
monthly income $4k
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01-06-2010, 11:57 PM
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38 from india, in sales, 10 yrs in sg
cash 1.05mill; cpf 0.2mill
renting (but thinking of buying)
how does this compare ?
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02-06-2010, 11:01 AM
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Quote:
Originally Posted by Unregistered
38 from india, in sales, 10 yrs in sg
cash 1.05mill; cpf 0.2mill
renting (but thinking of buying)
how does this compare ? |
30 from india, in sales, 3 yrs in sg
cash 2.5mill; cpf 0.6mill
own a condo(1.5mil)
you FAIL!
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02-06-2010, 02:14 PM
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Quote:
Originally Posted by Unregistered
When I was 35, I had 60kS$, about 120kcpf, 15kS$ shares. one fully paid flat which should not count. I consider myself near poverty level.
I took one huge bet and went to China. doing quite okay now, but never too late.
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u paid ur flat and still have 120k cpf? y so little cash if u earn so much? a financial retard like u can do ok in china? of coz u can be damn lucky, but u wont always be, so dont give wrong advice to others.
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