Whats your net worth - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Whats your net worth

Reply
 
Thread Tools
  #1 (permalink)  
Old 26-01-2010, 01:02 PM
Verified Member
 
Join Date: Jan 2010
Posts: 10
Avatar is on a distinguished road
Default 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?

Reply With Quote
  #2 (permalink)  
Old 26-01-2010, 02:00 PM
Unregistered
Guest
 
Posts: n/a
Default

IT, then Academic, then IT for 11.5 years.

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

Total: $938k

My 50% share: $469k

Reply With Quote
  #3 (permalink)  
Old 26-01-2010, 03:26 PM
Unregistered
Guest
 
Posts: n/a
Default

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

Reply With Quote
  #4 (permalink)  
Old 26-01-2010, 10:53 PM
Unregistered
Guest
 
Posts: n/a
Default 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.
Reply With Quote
  #5 (permalink)  
Old 26-01-2010, 10:57 PM
Poor Man Too
Guest
 
Posts: n/a
Default

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.
Reply With Quote
  #6 (permalink)  
Old 27-01-2010, 12:46 AM
Unregistered
Guest
 
Posts: n/a
Default

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 View Post
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.
Reply With Quote

  #7 (permalink)  
Old 27-01-2010, 02:36 PM
Verified Member
 
Join Date: Jan 2010
Posts: 10
Avatar is on a distinguished road
Default

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?
Reply With Quote
  #8 (permalink)  
Old 27-01-2010, 02:54 PM
Unregistered
Guest
 
Posts: n/a
Default still poorly paid

savings 29k
stock 500k

age 36 have been working for 10yr
Reply With Quote
  #9 (permalink)  
Old 28-01-2010, 12:50 AM
Unregistered
Guest
 
Posts: n/a
Default

1.6 mil me + wife 0.5 mil
36, worked banking 10 years... wife doctor with govt.
Reply With Quote
  #10 (permalink)  
Old 28-01-2010, 09:24 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?
Reply With Quote
Reply

Bookmarks

Tags
net wealth, net worth, networth

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 15 20-06-2013 02:58 PM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 03:35 PM

» 30 Recent Threads
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
967 Replies, 634,957 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,171 Replies, 575,075 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,846 Replies, 967,493 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
516 Replies, 145,033 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,330 Replies, 2,428,882 Views
ST Electronics ( 1 2 3... Last Page)
2,806 Replies, 850,928 Views
Facebook (Meta) ( 1 2 3... Last Page)
51 Replies, 10,324 Views
Lawyer Salary ( 1 2 3... Last Page)
17,172 Replies, 6,469,253 Views
Career as Teacher ( 1 2 3... Last Page)
5,630 Replies, 3,515,645 Views
High Finance Thread ( 1 2 3... Last Page)
1,169 Replies, 258,054 Views
Compare civil service salary ( 1 2 3... Last Page)
14,241 Replies, 8,938,455 Views
Official 2022 Retrechment thread ( 1 2 3... Last Page)
89 Replies, 10,928 Views
GovTech ( 1 2 3... Last Page)
3,186 Replies, 861,164 Views
Micron starting pay ( 1 2 3... Last Page)
451 Replies, 163,769 Views
Jumping into the tech private... ( 1 2 3... Last Page)
41 Replies, 7,304 Views
Alibaba
2 Replies, 374 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,605 Replies, 2,031,639 Views
Engineer Pay ( 1 2 3... Last Page)
470 Replies, 243,911 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
127 Replies, 205,695 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,062 Replies, 378,465 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,973 Replies, 1,927,813 Views
Changi Airport Group ( 1 2 3... Last Page)
458 Replies, 458,195 Views
Bnp paribas graduate ( 1 2 3... Last Page)
190 Replies, 100,291 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
632 Replies, 160,854 Views
Open Government Products (under... ( 1 2)
14 Replies, 1,479 Views
2022 Full time/Summer internship... ( 1 2)
17 Replies, 2,657 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,064 Replies, 2,943,164 Views
Polytechnic lecturer salary range ( 1 2 3)
25 Replies, 79,642 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
231 Replies, 253,948 Views
Band 4 and Band 5 in Standard... ( 1 2 3... Last Page)
49 Replies, 70,758 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:02 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2