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, building net worth and retirement matters




Whats your net worth

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
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
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
159 Replies, 75,711 Views
anyone working at NCS ? ( 1 2 3... Last Page)
394 Replies, 287,567 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,775 Replies, 271,370 Views
Compare civil service salary ( 1 2 3... Last Page)
10,105 Replies, 5,583,423 Views
ST Electronics ( 1 2 3... Last Page)
688 Replies, 211,481 Views
Lawyer Salary ( 1 2 3... Last Page)
7,602 Replies, 2,608,210 Views
How much do you earn and save? ( 1 2 3... Last Page)
101 Replies, 13,510 Views
Roles in accenture singapore ( 1 2 3... Last Page)
377 Replies, 250,723 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,633 Replies, 783,825 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,191 Replies, 970,335 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,294 Replies, 1,907,658 Views
Feeling helpless, need advice... ( 1 2)
10 Replies, 762 Views
What's the graduate officer... ( 1 2 3... Last Page)
54 Replies, 13,043 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,912 Replies, 1,084,631 Views
Anyone being hired during covid... ( 1 2)
17 Replies, 1,265 Views
Career as Teacher ( 1 2 3... Last Page)
2,659 Replies, 1,606,815 Views
Possible to earn passive income... ( 1 2)
15 Replies, 4,054 Views
Anyone working in NTU... ( 1 2 3... Last Page)
91 Replies, 92,744 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,380 Replies, 564,821 Views
Please Share DBS Average Months... ( 1 2)
17 Replies, 3,107 Views
Submitting My Resume To ST... ( 1 2)
17 Replies, 22,088 Views
Sharing my Passive and Active...
2 Replies, 506 Views
where can i buy nintendo stock?
6 Replies, 3,391 Views
[advice] Recruitment agency... ( 1 2)
15 Replies, 1,953 Views
HR Career advice
3 Replies, 1,444 Views
High Finance Thread ( 1 2 3... Last Page)
89 Replies, 15,517 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,089 Replies, 499,889 Views
Can share your your car...
2 Replies, 232 Views
Pay for digital marketing agencies
7 Replies, 2,143 Views
Any Kaplan students here can land... ( 1 2)
14 Replies, 1,093 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:21 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2