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, 12:02 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, 01:00 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, 02:26 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, 09:53 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, 09:57 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 26-01-2010, 11:46 PM
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, 01:36 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, 01:54 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 27-01-2010, 11:50 PM
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, 08:24 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
Career as Teacher ( 1 2 3... Last Page)
1,694 Replies, 1,126,380 Views
How is life as a doctor in... ( 1 2 3... Last Page)
633 Replies, 664,290 Views
GIC career ( 1 2 3... Last Page)
210 Replies, 263,445 Views
Compare civil service salary ( 1 2 3... Last Page)
8,247 Replies, 4,600,549 Views
Constituency Manager (People... ( 1 2 3... Last Page)
702 Replies, 352,843 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,494 Replies, 1,469,348 Views
Lawyer Salary ( 1 2 3... Last Page)
4,418 Replies, 1,574,946 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,315 Replies, 815,143 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,191 Replies, 901,850 Views
2019 Fresh Grad starting pay ( 1 2 3)
25 Replies, 1,917 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,550 Replies, 653,406 Views
Queries about Cpib application ( 1 2 3... Last Page)
990 Replies, 403,730 Views
How to get into Banking industry? ( 1 2 3... Last Page)
38 Replies, 3,392 Views
ITE lecturer ( 1 2 3... Last Page)
81 Replies, 83,939 Views
Keppel (KIT)
2 Replies, 534 Views
Starting business as civil service
6 Replies, 1,085 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
53 Replies, 27,156 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,695 Replies, 3,389,041 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,122 Replies, 152,116 Views
Interview for LTA executive... ( 1 2 3... Last Page)
87 Replies, 77,229 Views
fresh grad seeking a career,but no... ( 1 2 3... Last Page)
34 Replies, 10,236 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,542 Replies, 399,937 Views
Credit Suisse - Compliance... ( 1 2 3... Last Page)
117 Replies, 55,774 Views
Shell TDP ( 1 2 3... Last Page)
138 Replies, 34,604 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
96 Replies, 57,494 Views
NTU & NUS bonus ( 1 2)
12 Replies, 924 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,332 Replies, 472,425 Views
GovTech career grade ( 1 2 3... Last Page)
76 Replies, 73,234 Views
Casino Regulatory Authority
1 Replies, 1,976 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:26 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2