What is your net worth?

[highsulphur]

In my opinion, CPF MA, CPF Life Annuity, CPF RA, should be omitted in the personal nett worth calculation as they are illiquid in nature, and can only be drawn-down upon retirement draw-down age or upon something happens.
Also, HDB flat (with outstanding mortgage) is also illiquid if it is used as your primary residence and should be omitted in the personal nett worth calculation.

Personal nett worth should ideally be defined as liquid assets which can liquidated for normal consumption or gratification by the individual even in good times.

my propose of calculation is for retirement planning. I include CPF as it forms part of my retirement income.

liquidity consideration is a separate matter which is why I separate my calculation into liquid and illiquid

 

[Mephist0pheLes]

Hitting 28 in 2 months time

cash + stocks = 150k
cash + stocks + CPF = 246k

not married and no bto yet.

 

[netsit]

Male, 28, unmarried/no kids

CPF: $156k
Private Property: $975k (Loan 780k) - rented out
Cash: $260k

Living with parents.

What should I be doing?

 

[SBC]

Male, 28, unmarried/no kids

CPF: $156k
Private Property: $975k (Loan 780k) - rented out
Cash: $260k

Living with parents.

What should I be doing?

Very good. Continue to do what you are doing now.

 

[tiertime]

Male, 28, unmarried/no kids

CPF: $156k
Private Property: $975k (Loan 780k) - rented out
Cash: $260k

Living with parents.

What should I be doing?

get married, move out to own house, have kids

 

[Mecisteus]

Male, 28, unmarried/no kids

CPF: $156k
Private Property: $975k (Loan 780k) - rented out
Cash: $260k

Living with parents.

What should I be doing?

Just continue leeching your parents.

 

[Opps-gal]

Male, 28, unmarried/no kids

CPF: $156k
Private Property: $975k (Loan 780k) - rented out
Cash: $260k

Living with parents.

What should I be doing?

1. Pay rental to parents.
2. Find a spouse.

 

[netsit]

get married, move out to own house, have kids

haha i want to also.
Marriage/kids not part of 5-10 year plans, am gay.

 

[NewInvestor]

Male, 28, unmarried/no kids

CPF: $156k
Private Property: $975k (Loan 780k) - rented out
Cash: $260k

Living with parents.

What should I be doing?

Get married to a rich wife and both of you leech on your parents.

 

[The_Only_Yong]

im slowwwww

stocks + cash = 60K
CPF + invested = 30k

age 26 this year. single/unmarried.

i think im relatively slow uh? hahaha

 

[SBC]

stocks + cash = 60K
CPF + invested = 30k

age 26 this year. single/unmarried.

i think im relatively slow uh? hahaha

Good start. Never fall into CC debts at this age.

 

[sAVaGEmP5]

Ai yo those above 30 staying with parents then come here talk abt having some money, not paiseh 1 meh ?

 

[kuehteow]

Ai yo those above 30 staying with parents then come here talk abt having some money, not paiseh 1 meh ?

Those below 35 who is single, I think there is absolutely nothing wrong to have a condo and staying with parent. Because that is how you accumulate wealth by living within your means as HDB is not an option before you hit 35.

 

[koganei123]

networth include cpf and policies value?

 

[celtosaxon]

CPF = yes
Policies = if it has a cash value, yes

networth include cpf and policies value?

 

[celtosaxon]

Not slow at all. Most people can double their net worth every 5 years, so you could be looking at $1.4m by 46.

stocks + cash = 60K
CPF + invested = 30k

age 26 this year. single/unmarried.

i think im relatively slow uh? hahaha

 

[qhong61]

Not slow at all. Most people can double their net worth every 5 years, so you could be looking at $1.4m by 46.

Including house?

 

[JuniorLion]

Not slow at all. Most people can double their net worth every 5 years, so you could be looking at $1.4m by 46.

Means 2.8mil by 51, 5.6mil by 56, 11.2mil by 61 and 22.4mil by 66 and then retire comfortably with 22mil?

 

[cscs3]

Including house?

Usually yes. However this kind of calculation worth nothing as if you have only one house, selling it away means you have to get another one. This new one usually means more expensive and smaller in size.

 

[malthead]

Not slow at all. Most people can double their net worth every 5 years, so you could be looking at $1.4m by 46.

What are you smoking? Double in every 5 years without any qualification? Your irr is 14% EVERY year?

You should write in to cpf to solve all our retirement problems