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Topic Review (Newest First)
23-05-2022 03:51 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Revisiting this forum 6 years after my post and feel astonished that the thread is still pretty much alive! Wow! I was only 26 years old back then! Time flies!

So here goes my updated numbers (all round off to the nearest thousand)!

Assets

Cash: $350,000
Equities: $35,000
Watches: $$240,000
Alternative Investments: $340,000

BTO estimated open market value: $650,000 (shared with spouse)

Liabilities

Mortgage: $360,000 (shared with spouse)

Approximate total net worth:

$965,000 + $650,000/2 = $1,290,000 - $360,000/2 = $1,110,000

Not useful, in my opinion, to add insurance value and CPF/MEDISAVE.

Driving an entry level continental car with an outstanding auto loan of $50,000. Car is worth probably around $80,000 at this current juncture. Not looking to fully pay it off as I think there are better choices with higher returns Iím able to do with that money.

Not deeply invested in equities as I missed the boat during the 2019 Covid crash. Keeping some cash to enter when opportunity arises during the next bear market.

Didnít realized I crossed the SGD$1,000,000 net worth mark until a couple of weeks ago when I tabulated my assets. Not gonna lie, itís a pretty decent revelation.

Of course, there are many many more individuals who has achieved way more than I have but, as mentioned 6 years ago, comparison is a thief of joy. Due to the social media landscape that we are soaked in nowadays, it is extremely easy to forget giving ourselves a little pat on the back when we manage to unlock some milestones, especially seeing those amazingly success stories of young entrepreneurs achieving millions or even billions before they hit a certain age. Instead of comparing all the time, I think we should slow down our footsteps and look at what little things we have achieved. Instead of yearning for what we donít have, why not start by appreciating what we have at the moment and work hard towards our dreams and goals?

Iím not sure about you guys but I certainly did gave myself a nice pat on my back every once in awhile!
cringe.......
03-04-2022 01:47 AM
Unregistered Revisiting this forum 6 years after my post and feel astonished that the thread is still pretty much alive! Wow! I was only 26 years old back then! Time flies!

So here goes my updated numbers (all round off to the nearest thousand)!

Assets

Cash: $350,000
Equities: $35,000
Watches: $$240,000
Alternative Investments: $340,000

BTO estimated open market value: $650,000 (shared with spouse)

Liabilities

Mortgage: $360,000 (shared with spouse)

Approximate total net worth:

$965,000 + $650,000/2 = $1,290,000 - $360,000/2 = $1,110,000

Not useful, in my opinion, to add insurance value and CPF/MEDISAVE.

Driving an entry level continental car with an outstanding auto loan of $50,000. Car is worth probably around $80,000 at this current juncture. Not looking to fully pay it off as I think there are better choices with higher returns Iím able to do with that money.

Not deeply invested in equities as I missed the boat during the 2019 Covid crash. Keeping some cash to enter when opportunity arises during the next bear market.

Didnít realized I crossed the SGD$1,000,000 net worth mark until a couple of weeks ago when I tabulated my assets. Not gonna lie, itís a pretty decent revelation.

Of course, there are many many more individuals who has achieved way more than I have but, as mentioned 6 years ago, comparison is a thief of joy. Due to the social media landscape that we are soaked in nowadays, it is extremely easy to forget giving ourselves a little pat on the back when we manage to unlock some milestones, especially seeing those amazingly success stories of young entrepreneurs achieving millions or even billions before they hit a certain age. Instead of comparing all the time, I think we should slow down our footsteps and look at what little things we have achieved. Instead of yearning for what we donít have, why not start by appreciating what we have at the moment and work hard towards our dreams and goals?

Iím not sure about you guys but I certainly did gave myself a nice pat on my back every once in awhile!

Quote:
Originally Posted by Unregistered View Post
Currently 26. Will be 27 next month.
Married with one kid and another on the way.
Private diploma holder.

Current personal net worth $245,000+ with no liabilities. Car fully paid for. Currently renting a condo unit awaiting BTO completion before moving in.

Used to work for others but owns my own business now.

Owns a couple of watches worth approx. $25,000.

I'm very grateful for the opportunities and help I've encountered and garnered during my down time. I don't think I'm doing exceptionally well but I think I'm doing better than most of my peers, though I've known many high flyers that have achieved much more than I have. But comparison is a thief of joy. So working hard now to achieve my dreams.
29-03-2022 01:46 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
27 M

working experience 4 years in a European bank

160K+ current annual comps package (including CPF/Bonus)

650K Equities Portfolio
170K CPF (all 3 accounts)
60K Cash

*all figures in SGD
170k in all 3 accounts haha ok. if you say its in some investment acct and you made money from investment it would have been believable.. LOL
29-03-2022 04:26 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
27 M

working experience 4 years in a European bank

160K+ current annual comps package (including CPF/Bonus)

650K Equities Portfolio
170K CPF (all 3 accounts)
60K Cash

*all figures in SGD
so are you a poly grad, ceca, or csb bbfa?

either way, please tell more believable lies
18-03-2022 09:48 PM
Unregistered
Kelapa kepala

Quote:
Originally Posted by Unregistered View Post
how is buying a car called enjoying??

driving along the great ocean road is a joy. driving on PiE is a nightmare.
Your thinking are very simple leh.

You like to sing mean everybody like to sing?
You like to swim mean everybody enjoy to swim?

Every one had different enjoyment. You went offed topic anyway, the point is must live your live today rather than extreme save and suffer then died.
18-03-2022 08:08 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
27 M

working experience 4 years in a European bank

160K+ current annual comps package (including CPF/Bonus)

650K Equities Portfolio
170K CPF (all 3 accounts)
60K Cash

*all figures in SGD
good for you. why are u lurking on this forum then? Obviously insecured
18-03-2022 08:07 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I already mid 30s and only have 60k of cash and 70k of stocks. But I spent my money to almost fully pay my apartment (600k) and spent to buy a 100k car + petrol + ERP.

Yes I stupid should not fully pay house and car. Maybe shouldn't even buy car. Should just invest more and earn more. I have poor man mentality but at least I save and buy the stuffs I want. Maybe tomorrow bang by truck and died. Might as well enjoy life every day as long as not taking loan.

If all of us die tomorrow but I experience more enjoyment than one who scrimp and save and torture own life to have 1million at 27, then IMHO I have lived a richer life.

If long game, maybe the guy who scrimp and save now will enjoy more. If he ever learns to enjoy.
how is buying a car called enjoying??

driving along the great ocean road is a joy. driving on PiE is a nightmare.
18-03-2022 05:16 PM
Unregistered
Spend money is enjoyed life

I already mid 30s and only have 60k of cash and 70k of stocks. But I spent my money to almost fully pay my apartment (600k) and spent to buy a 100k car + petrol + ERP.

Yes I stupid should not fully pay house and car. Maybe shouldn't even buy car. Should just invest more and earn more. I have poor man mentality but at least I save and buy the stuffs I want. Maybe tomorrow bang by truck and died. Might as well enjoy life every day as long as not taking loan.

If all of us die tomorrow but I experience more enjoyment than one who scrimp and save and torture own life to have 1million at 27, then IMHO I have lived a richer life.

If long game, maybe the guy who scrimp and save now will enjoy more. If he ever learns to enjoy.
18-03-2022 05:06 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
yes very slow.

i am around 23 earning around 200k per year.

i have 200k in cash

500k in stocks.
Slow

How you going to survive in Singapore like that?

Leverage on property and rent out
17-03-2022 10:44 PM
Unregistered 27 M

working experience 4 years in a European bank

160K+ current annual comps package (including CPF/Bonus)

650K Equities Portfolio
170K CPF (all 3 accounts)
60K Cash

*all figures in SGD
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