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
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
5,976 Replies, 1,586,734 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,760 Replies, 1,040,053 Views
Pay grade at CSA ( 1 2 3... Last Page)
212 Replies, 78,338 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
2,032 Replies, 499,603 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
130 Replies, 9,219 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,577 Replies, 1,523,999 Views
Lawyer Salary ( 1 2 3... Last Page)
12,266 Replies, 4,036,999 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,207 Replies, 596,239 Views
Lendlease Graduate Program 2021... ( 1 2 3... Last Page)
71 Replies, 6,485 Views
Compare civil service salary ( 1 2 3... Last Page)
12,058 Replies, 6,893,197 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
2,594 Replies, 1,912,198 Views
High Finance Thread ( 1 2 3... Last Page)
249 Replies, 73,232 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,304 Replies, 1,256,819 Views
Roles in accenture singapore ( 1 2 3... Last Page)
1,621 Replies, 412,106 Views
How much CPF do u have? ( 1 2 3)
26 Replies, 15,260 Views
Banking Tech vs Consulting ( 1 2 3... Last Page)
46 Replies, 1,221 Views
Benefits, Insurance, Annual Leave... ( 1 2)
19 Replies, 1,084 Views
Singtel Management Associate... ( 1 2 3... Last Page)
256 Replies, 130,718 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
172 Replies, 125,525 Views
DBS tech seed programme ( 1 2 3... Last Page)
743 Replies, 150,616 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,806 Replies, 2,335,384 Views
ITE lecturer ( 1 2 3... Last Page)
244 Replies, 191,297 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
361 Replies, 215,890 Views
MOM(ACE) offers good career...
9 Replies, 803 Views
Income of Hairdresser ( 1 2)
11 Replies, 8,157 Views
What house should I buy after... ( 1 2 3)
23 Replies, 22,572 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
629 Replies, 148,252 Views
What is Capgemini senior analyst ? ( 1 2)
18 Replies, 556 Views
Job with travel opportunities and... ( 1 2)
12 Replies, 4,595 Views
Career as Teacher ( 1 2 3... Last Page)
3,630 Replies, 2,256,516 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:31 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2