Salary.sg Forums - Reply to Topic
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth > How rich/poor am I compared to people my age(27)?

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Salary.sg Forums

Thread: How rich/poor am I compared to people my age(27)? Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
22-11-2021 06:10 PM
Unregistered Same age as OP but only got 25k savings
27-10-2021 09:03 AM
cheesepie
Quote:
Originally Posted by Jasper View Post
Whats PG? Car is liability.
Unless ur work needed that..
But your assets seems fine for getting BTO.
PG is post-grad. I'm doing my masters right now.
My car is a need due to my work location which is not accessible my public transport. Will likely be selling it if I were to change job in the future.
27-10-2021 08:44 AM
Unregistered How rich will you be when you get COVID-19? Can't take your money with you if you die from it.
27-10-2021 08:11 AM
Jasper
Quote:
Originally Posted by cheesepie View Post
29M
Currently working plus doing part time PG, getting married next year

Cash - 20K
Investment - 22K
Car - worth 80K
Currently still servicing a car loan - (32K)
CPF OA - 60K
CPF SA - 24K
CPFIS - 6K
BTO DP - 13K

Low cash and liquid assets due to paying for my PG, car and marriage stuff
Whats PG? Car is liability.
Unless ur work needed that..
But your assets seems fine for getting BTO.
26-10-2021 01:59 PM
cheesepie 29M
Currently working plus doing part time PG, getting married next year

Cash - 20K
Investment - 22K
Car - worth 80K
Currently still servicing a car loan - (32K)
CPF OA - 60K
CPF SA - 24K
CPFIS - 6K
BTO DP - 13K

Low cash and liquid assets due to paying for my PG, car and marriage stuff
26-10-2021 08:24 AM
Jasper
Quote:
Originally Posted by Unregistered View Post
28yo Female, started working 6.5 yr ago

Savings: $50k

Investments: $39k

CPF OA MA SA: $109k

Lost a lot $ due to bailing my divorced mom out of loans. ��
Alot of female do not have savings and live like YOLO way.
I am only slightly better then you at that age.
By the way. I also comes from below average family.
Had a hard time as well.
With good mindset, your good times will come.
Great job on the savings and investment. ����
26-10-2021 08:19 AM
Jasper
Quote:
Originally Posted by Unregistered View Post
Tbh, my wife and myself are planning to rent a stall in coffee shop (not hawker) and slowly work from there. Many people are discouraging us cause i earn 5.6 K while she earn about 4 K.

Our lifestyle quite simple and rarely dine out. So long can earn 3 K combined actually enough to survive.
Willing to let go higher salary to go for easy lifestyle and more carefree.
Great 👍👍
But I will suggest to do save up more and do more research before u step out and try.
As 62k is not alot. Do calculate ur month expenses also.
26-10-2021 08:13 AM
Jasper
Quote:
Originally Posted by Unregistered View Post
Folks seeking recommendation/advice.

34/M/married 1 kids
Property : small condo with o/s mortgage
Car : small jap car

Cash 160k
Fixed Income 370k
Equity 120k (took profit recently and reduced allocation)
Cpf 330k

Any comments will be appreciated thanks
Same age bro.
But still single.
Small condo u mean 2 bedder?
Think I am only about 60percent of your asset.
But if your annual is 370k. U likely to go very far after. Good job 👍👍
26-10-2021 08:09 AM
Jasper
Quote:
Originally Posted by Unregistered View Post
Turning 27 end of the year
Cash 270k
Stocks 45k
Other investments 25k

Did put 2 years of 8k into Manulife Ready Life income plan. Got talked into it by my DBS RM.

Feel that can do much better. Too under invested.
Wao. Thats alot. Which line are you in?
Whats your gross pay?
15-09-2021 11:59 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
boomer train of thoughts basically. buying into a world etf or even just the s&p 500 etf is not as volatile as you think it is. analyse the drawdown % and balance it with bond to the drawdown% that allow you to sleep well at night.
You might as well say buy crypto and become millionaire in 3-6 month....

Problem with the "go big or go home" mindset like you will eventually lose it all. We only hear about the sucess stories but ignore the countless others who lost a **** tonne of money.
This thread has more than 10 replies. Click here to review the whole thread.

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




All times are GMT +8. The time now is 09:33 AM.


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