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

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



SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone 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
  #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 03:58 PM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 04:35 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
3,782 Replies, 1,238,094 Views
Civil Service Year End Bonus 2018
3 Replies, 523 Views
Roles in accenture singapore ( 1 2 3... Last Page)
204 Replies, 135,418 Views
Unilever UFLP 2018 ( 1 2)
13 Replies, 1,620 Views
DBS Business Analystics Graduate... ( 1 2 3... Last Page)
67 Replies, 25,296 Views
Rolls-Royce Graduate Development... ( 1 2 3... Last Page)
38 Replies, 11,359 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,242 Replies, 396,602 Views
Working in a bank ( 1 2 3... Last Page)
521 Replies, 273,670 Views
Compare civil service salary ( 1 2 3... Last Page)
7,317 Replies, 4,104,179 Views
EzCredit FAST LOAN APPROVAL
0 Replies, 30 Views
Shell Graduate program ( 1 2 3... Last Page)
147 Replies, 94,887 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,021 Replies, 1,278,049 Views
GIC career ( 1 2 3... Last Page)
183 Replies, 229,332 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
1,850 Replies, 666,104 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,134 Replies, 518,644 Views
Working in HDB ( 1 2 3... Last Page)
262 Replies, 182,947 Views
[IT job] NCS Application Consultant
5 Replies, 1,843 Views
Civil Servuce End of Year Bonus... ( 1 2)
12 Replies, 2,924 Views
Standard Chartered International... ( 1 2 3... Last Page)
37 Replies, 35,164 Views
Trade Compliance
1 Replies, 144 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
66 Replies, 42,678 Views
NUS working environment and pay... ( 1 2 3... Last Page)
50 Replies, 33,733 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,513 Replies, 3,127,132 Views
Entering medicine field with...
2 Replies, 361 Views
UOB Management Associate Program ( 1 2 3... Last Page)
129 Replies, 92,730 Views
SP Group - Anyone able to share...
2 Replies, 300 Views
DBS Bank career advancement,... ( 1 2 3... Last Page)
85 Replies, 118,572 Views
Reference Checks: Does SG HR... ( 1 2 3... Last Page)
42 Replies, 47,283 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:26 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2