Savings in 40s

[Spike]

Well technically, I am still managing some properties but I have a set-up that only requires me to approve payments, arranging of contractors and liaising with tenants are handled by a part-time employee working from home. I have to occasionally put up listings, but that's only 2 to 3 times a year.

Co-living operator?

 

[LingTan98]

Co-living operator?

Only 2 apartments were renovated in that configuration, 5 rooms with 3 bathrooms (1 in the master). The rest of the properties were rented out as-is.

 

[Jacknjill]

Used to have 500k. After married, buy house, buy car, have kids. Now negative. I tell you….govt give 70k not enough.

 

[Carnesir]

Impressive. Married with kids or single?

Married with 1 kid lo. Live moderate simple life. Hdb with car to ferry kid

 

[cosmothecat]

 

[harbinger255]

46, about 1.1mil in bank and FD

 

[cyke69sg]

Yes. High income is nice but is not the way to retire early and be free.
Invest.
Time in markets beats timing the market.
Start investing early when young.

 

[cyke69sg]

46, about 1.1mil in bank and FD

Nice. So even if stock market crash you will always still be millionaire.

 

[harbinger255]

Nice. So even if stock market crash you will always still be millionaire.

Can't be putting all my eggs in one basket.... Have to be prepared for worst case scenario...

 

[cyke69sg]

Can't be putting all my eggs in one basket.... Have to be prepared for worst case scenario...

Agree!
It's more of a psychological game.
Has to fit each person's psychological safety parameters.

I was only able to psychologically invest big after I built up my peace of mind optionality cash sleeve.

It took me a while to get there.

 

[LatentBlack]

My share is about 600k in property and 1.8mil in investments.

 

[Dividends]

Say again? 1.75m is 95th? Networth or cash or what?

Income 95th percentile according to salary.sg, just on average since my income depends on company proceeds and varies quite a bit each year, 1.8m in cash (savings and investments excluding CPF), networth about 4.6 excluding company value since that's hard to estimate and I don't like to count the equity until I withdraw it in dividends or sell it.

 

[Jeremy1]

I think it's easily achievable provided you don't anyhow spend your $$$

 

[sellbuyboy]

Income 95th percentile according to salary.sg, just on average since my income depends on company proceeds and varies quite a bit each year, 1.8m in cash (savings and investments excluding CPF), networth about 4.6 excluding company value since that's hard to estimate and I don't like to count the equity until I withdraw it in dividends or sell it.

4.6 is a lot a lot leh.

 

[sellbuyboy]

My share is about 600k in property and 1.8mil in investments.

2.4m.. Now we are talking about the real figures…. From this forum, amzaing

 

[sellbuyboy]

46, about 1.1mil in bank and FD

Ya ya. I know these ppl in forum don't disappoint.

 

[sellbuyboy]

Only 2 apartments were renovated in that configuration, 5 rooms with 3 bathrooms (1 in the master). The rest of the properties were rented out as-is.

Retire with how much. What your family composition like

 

[ToonBlue]

Used to have 500k. After married, buy house, buy car, have kids. Now negative. I tell you….govt give 70k not enough.

How much then is enough?

 

[firebrand83]

About there but a large chunk of cash pump into property, so if sell can have more

 

[lampano]

Recently many in >500k easily due to huat frm stk market.

I mean how not to?