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

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth > Whats your net worth

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




Salary.sg Forums

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Thread: Whats your net worth 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)
03-08-2020 11:57 AM
Unregistered Never listen to this nut...must be a property agent cos you will be in very heavy debt, high strung as cannot be jobless and probably die young working like a dog.
03-08-2020 04:39 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k
Have you considered buying an apartment and getting rental income? With that cash and cpf, you can easily afford something of 1.5mil.
02-08-2020 10:30 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k
Fixed deposit is the way to go. Wealth preservation is the most important in current climate.
02-08-2020 01:24 PM
Unregistered Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k
24-07-2020 01:16 PM
Unregistered
Quote:
Originally Posted by Back in SG View Post
40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: $1.4m
Investments (mostly equity): $0.6m
Property 1: FH landed $3.7m (outstanding $2.5m)
Property 2: Overseas Condo $2.1m (outstanding $1m)
Property 3: Overseas Condo $1.4m (fully paid)
Insurance: Term $3m ($1.5m each) and Life $1m
CPF/MPF: $0.5m (minimal CPF as we spent most of our careers overseas)
Net worth: c. 7m (incl. life insurance, excluding unvested shares)

Salary (incl. bonus): c. $400k (me) / c. $800k (wife)
Passive income: c. $100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I was when I first started out (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch onto the property surge fairly early on there.

Now that we’re back in SG (for the kids' primary school education), just thinking about how long more should we continue to work our asses off (we both clock 60-70+ hours weekly; excluding weekends) - given sacrifices that have been made in terms of time spent on just living, with our kid, etc.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. We would also like
to ramp up our passive income in order to keep things sustainable in the long term.

Any thoughts to share (fully aware that we're in a very enviable position)?
thank you for your csb +1
24-07-2020 07:26 AM
Unregistered
Quote:
Originally Posted by Back in SG View Post
40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: $1.4m
Investments (mostly equity): $0.6m
Property 1: FH landed $3.7m (outstanding $2.5m)
Property 2: Overseas Condo $2.1m (outstanding $1m)
Property 3: Overseas Condo $1.4m (fully paid)
Insurance: Term $3m ($1.5m each) and Life $1m
CPF/MPF: $0.5m (minimal CPF as we spent most of our careers overseas)
Net worth: c. 7m (incl. life insurance, excluding unvested shares)

Salary (incl. bonus): c. $400k (me) / c. $800k (wife)
Passive income: c. $100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I was when I first started out (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch onto the property surge fairly early on there.

Now that we’re back in SG (for the kids' primary school education), just thinking about how long more should we continue to work our asses off (we both clock 60-70+ hours weekly; excluding weekends) - given sacrifices that have been made in terms of time spent on just living, with our kid, etc.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. We would also like
to ramp up our passive income in order to keep things sustainable in the long term.

Any thoughts to share (fully aware that we're in a very enviable position)?
Dont worry you are safe even if you have no job.
24-07-2020 03:23 AM
Unregistered Full of cannon balls here..... hahaha
20-07-2020 10:48 PM
Back in SG
How long more should we grind it out?

40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: $1.4m
Investments (mostly equity): $0.6m
Property 1: FH landed $3.7m (outstanding $2.5m)
Property 2: Overseas Condo $2.1m (outstanding $1m)
Property 3: Overseas Condo $1.4m (fully paid)
Insurance: Term $3m ($1.5m each) and Life $1m
CPF/MPF: $0.5m (minimal CPF as we spent most of our careers overseas)
Net worth: c. 7m (incl. life insurance, excluding unvested shares)

Salary (incl. bonus): c. $400k (me) / c. $800k (wife)
Passive income: c. $100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I was when I first started out (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch onto the property surge fairly early on there.

Now that we’re back in SG (for the kids' primary school education), just thinking about how long more should we continue to work our asses off (we both clock 60-70+ hours weekly; excluding weekends) - given sacrifices that have been made in terms of time spent on just living, with our kid, etc.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. We would also like
to ramp up our passive income in order to keep things sustainable in the long term.

Any thoughts to share (fully aware that we're in a very enviable position)?
19-07-2020 01:09 AM
Back to SG
Getting a gauge

40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: 1.4m
Investments (mostly equity): 0.6m
Property 1: FH landed 3.7m (outstanding 2.5m)
Property 2: Overseas Condo 2.1m (outstanding 1m)
Property 3: Overseas Condo 1.4m (fully paid)
Insurance: Term 3m (1.5m each) and Life 1m
CPF/MPF: 0.5m (minimal CPF as mostly worked overseas)
Net worth: c. 7m (incl. life insurance)

Salary (incl. bonus): c. 400k (me) / c. 800k (wife)
Passive income: c. 100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I started from (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch a bit of the property wave then.

Now that we’re back in SG, just thinking about how long more should we continue to work (our asses off and honestly, we’re both doing 60-70+ hours weekly) - given sacrifices have been made in terms of time with the kiddos and ourselves.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. Ideally, we would also like
to ramp up our passive income but I have my equity track record is nothing to shout about :P

Any thoughts to share?
18-07-2020 10:26 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
42m/45f wife
2kids

12mil cash
26mil stocks/bonds
8mil condo A living
4mil condo B rental, under kid name
2mil condo C renral, under kid name
3m shop house rental

Own construction company.
Such a successful person and you actually have time for this forum. We feel so honored by your presence. So how has your construction firm been during this COVID period? How is the biz?
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 02:39 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2