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?



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
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
GovTech ( 1 2 3... Last Page)
3,461 Replies, 1,125,833 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,145 Replies, 366,705 Views
Lawyer Salary ( 1 2 3... Last Page)
18,469 Replies, 7,604,854 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
640 Replies, 268,889 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,750 Replies, 3,184,092 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,826 Replies, 2,686,894 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,312 Replies, 637,476 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,613 Replies, 1,316,645 Views
Career as Teacher ( 1 2 3... Last Page)
6,671 Replies, 4,237,309 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,780 Replies, 3,471,676 Views
IMDA (under MCI) ( 1 2 3... Last Page)
399 Replies, 206,756 Views
Compare civil service salary ( 1 2 3... Last Page)
14,984 Replies, 10,004,398 Views
High Finance Thread ( 1 2 3... Last Page)
1,472 Replies, 380,897 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,704 Replies, 837,058 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,461 Replies, 5,494,765 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,499 Replies, 2,259,739 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,060 Replies, 738,524 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,251 Replies, 3,328,471 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,248 Replies, 995,196 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
360 Replies, 134,085 Views
Bnp paribas graduate ( 1 2 3... Last Page)
205 Replies, 122,761 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
351 Replies, 315,119 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
273 Replies, 222,740 Views
Standard Chartered International... ( 1 2 3... Last Page)
363 Replies, 164,107 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
269 Replies, 175,544 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,100 Replies, 763,694 Views
Anyone work in JPM/GS/Morgan... ( 1 2 3... Last Page)
300 Replies, 75,510 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
171 Replies, 213,805 Views
SLA (Singapore Land Authority) ( 1 2 3... Last Page)
34 Replies, 25,606 Views
Htx ( 1 2 3... Last Page)
85 Replies, 55,192 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:50 AM.


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