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?
IT, then Academic, then IT for 11.5 years.
Wife and I: $512k cash, $170k shares, $256k cpf.
Total: $938k
My 50% share: $469k
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
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.
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.
