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-   -   Whats your net worth (https://forums.salary.sg/investments-net-worth/817-whats-your-net-worth.html)

Avatar 26-01-2010 01:02 PM

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?

Unregistered 26-01-2010 02:00 PM

IT, then Academic, then IT for 11.5 years.

Wife and I: $512k cash, $170k shares, $256k cpf.

Total: $938k

My 50% share: $469k

Unregistered 26-01-2010 03:26 PM

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

Unregistered 26-01-2010 10:53 PM

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.

Poor Man Too 26-01-2010 10:57 PM

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.

Unregistered 27-01-2010 12:46 AM

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 (Post 5105)
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.


Avatar 27-01-2010 02:36 PM

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.
How did you manage to accumulate such wealth in 8 yrs? care to share with us?

Unregistered 27-01-2010 02:54 PM

still poorly paid
 
savings 29k
stock 500k

age 36 have been working for 10yr

Unregistered 28-01-2010 12:50 AM

1.6 mil me + wife 0.5 mil
36, worked banking 10 years... wife doctor with govt.

Unregistered 28-01-2010 09:24 AM

Quote:

Originally Posted by Unregistered (Post 5110)
1.6 mil me + wife 0.5 mil
36, worked banking 10 years... wife doctor with govt.

Impressive! Do the amounts include residence property and CPF?

Could you also kindly share your current income levels?


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