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Today 11:20 PM
Unregistered 34 yr old couple, annual combined around 250k

Fully paid BTO HDB inclusive of CPF refund now worth around 800k

Fully paid new car bought last year at 140k

Around 300k in cash and investments excluding cpf

Looking to upgrade when BTO MOP later this year.

In casual conversations with friends it seems that people tend to think that car owners are ridden in debt and spending sizable of our monthly income on car expenses which is not true at all. But I didn't want to correct them and would rather keep our financial situation a secret.
15-09-2020 12:13 PM
Unregistered
How to Measure Net Worth

Normally, one measure's net worth without including the property they stay in. Measure net worth after one has bought and owned his/her own property, eg HDB flat or private housing.
At 35, an average employee may take the first step to buy a HDB flat for a start.
13-09-2020 10:51 AM
Unregistered 28M & 25F (both average software engineers with above average income)

Cash: 110k
Investment: 90k (IWDA & SG reits)
No house cos we have no luck in our bto ballot

Not planning to get a car but probably will get children

We are certainly fortunate with this crappy economy and hopefully we can be FI by 40
11-09-2020 06:46 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
But it is weird ppl don't want to work in CS. And yet they complain. Why?
Private can hit 15 to 20K pm in banks, CS can’t
11-09-2020 10:38 AM
Unregistered
Quote:
Originally Posted by Tale of 2 Cities View Post
Civil Servants have the best of all world. The work of any agencies are stable, there is no retrenchment and many of the people can even work till 62 or senior management even more as advisor.

Singapore has changed so much where in private it is a dog eat dog environment and civil is such a safe haven.

Work is stable and make bosses happy and successful that's all.

What's a change!

But it is weird ppl don't want to work in CS. And yet they complain. Why?
11-09-2020 10:20 AM
Tale of 2 Cities
Singapore Civil and Private Jobs

Civil Servants have the best of all world. The work of any agencies are stable, there is no retrenchment and many of the people can even work till 62 or senior management even more as advisor.

Singapore has changed so much where in private it is a dog eat dog environment and civil is such a safe haven.

Work is stable and make bosses happy and successful that's all.

What's a change!
11-09-2020 09:12 AM
Unregistered Husband and wife - 53 and 52 yrs old.
Just sold house. Will be debt free in 3 months time. But no property asset.
Estimated CPF OA (2 persons) - 1.5m
Estimated CPF SA (2 persons) - 600k
Cash - 550k
Shares - 400k
Insurance policies - 400k

Will rent a place for 2 yrs. Will buy a HDB flat in 2 yrs for retirement before moving to Portugal and live for 8-10 yrs frugally on $2k/month budget. Then come back and become a grab driver and collect CPF life payout.
11-09-2020 09:04 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
26/m
Just started working a year.

Combine asset with fiancée
Cash 51k
Stocks 50k (though should be lower due to recent contraction)
House coming in a few years

Income : 70k Pa for me

Guess we are doing fine?
your runway is long. plan wisely.
if i would do it again, i would
- invest in endowment policies and pick up an annuity for retirement savings
- go for dbs shares. they can pay $0.30/share every quarter
08-09-2020 12:20 PM
Unregistered 26/m
Just started working a year.

Combine asset with fiancée
Cash 51k
Stocks 50k (though should be lower due to recent contraction)
House coming in a few years

Income : 70k Pa for me

Guess we are doing fine?
05-09-2020 04:16 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
29M degree holder, been working for nearly 3 years.

Cash 32k
Cpf 72k
Investment 32k
Student loan + other debts 1k

Doing okay I guess?
Congrats, you have 136K at age 29, very impressive.
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