What is your networth?

[highsulphur]

Very shocked that majority (40) say they have negative networth. All students?

I had guess it was you to revive this thread before I came in
I wasn't disappointed

 

[highsulphur]

According to this, our wealth is in top 6% but as hubby not working, household income only at median. If only my income is at top 8%.

You should slap your husband. He has been a deadbeat since many years ago.

 

[Stan168]

Put it this way. If your wife didnt work at all and made no income, is your income alone sufficient that you have no money worries like you say you do now? Eg for retirement. For emergency. What if you had to stop working due to illness?

SG still very patriarchal. No one bats an eye or gets defensive if it is the man who makes 500k and wife doesnt work.

Even if I have to support her, I think we still do just fine since we don't have kids and expensive taste / habits. Because of low expenses, there's money for investment which generates passive income over the years. I think it's quite common nowadays whereby the wife makes more than husband. I am not ashamed by it. I don't have the alpha mentality.

 

[1982-1994]

I hope you see why I am "anti" people that love money. I am trying to help them. By tackling the root problem.

Remove the love of money, their lives will have less evil.

I understood

Some story sharing,
I recalled I had many pcs of $2 notes when I was 8yo, unknowingly guilt overcame me, I threw it all in a dustbin at my void deck yet I also stole money from my parents despite my dad gave me so much of allowance even on weekends

I never saved up when I was a single, I married my wife with a saving of $15k nia and spent $13k on our wedding,she is years younger and managed to save 3x of mine ,she didn't want to tell me as she was afraid we would argue over money matters but luckily ,we don't

Can say I am YOLO type, got how much spend how much especially on smartphones but at least my SA managed to hit BRS (on the way to FRS in 11 years, slow but steady)

And I don't mind spending money on my wife, there was once I borrowed $6k from her to buy her a diamond ring and I returned her the loan in 6 months
I don't feel heart pain at all because as long as she is happy and I am working ,money can be earned
I felt proud to pay for most of the items for our new home not really because I am a MCP but more like I should man up such a responsibility

Money to me is only important when we get old, need to pay for our insurance and medical fees (hopefully MA is able to sustain without much cash portion)

If really can't cope ,would downgrade from RCR to OCR location

We will survive even though I don't earn a lot

Types of insurance coverage that I have;
Basic accident , cancer plan, rider, A ward hospitalization plan
I am not eligible for critical illness

So even if I RIP now, at least my wife doesn't need to service the HDB loan anymore plus got some insurance heritance and CPF $150k bequest to her though these two are not much ,it should be more than enough for her since we have no kids



Thanks for reading

 

[MoeLanYong]

I understood

Some story sharing,
I recalled I had many pcs of $2 notes when I was 8yo, unknowingly guilt overcame me, I threw it all in a dustbin at my void deck yet I also stole money from my parents despite my dad gave me so much of allowance even on weekends

I never saved up when I was a single, I married my wife with a saving of $15k nia and spent $13k on our wedding,she is years younger and managed to save 3x of mine ,she didn't want to tell me as she was afraid we would argue over money matters but luckily ,we don't

Can say I am YOLO type, got how much spend how much especially on smartphones but at least my SA managed to hit BRS (on the way to FRS in 11 years, slow but steady)

And I don't mind spending money on my wife, there was once I borrowed $6k from her to buy her a diamond ring and I returned her the loan in 6 months
I don't feel heart pain at all because as long as she is happy and I am working ,money can be earned
I felt proud to pay for most of the items for our new home not really because I am a MCP but more like I should man up such a responsibility

Money to me is only important when we get old, need to pay for our insurance and medical fees (hopefully MA is able to sustain without much cash portion)

If really can't cope ,would downgrade from RCR to OCR location

We will survive even though I don't earn a lot

Types of insurance coverage that I have;
Basic accident , cancer plan, rider, A ward hospitalization plan
I am not eligible for critical illness

So even if I RIP now, at least my wife doesn't need to service the HDB loan anymore plus got some insurance heritance and CPF $150k bequest to her though these two are not much ,it should be more than enough for her since we have no kids



Thanks for reading

Well done my friend. You did not make money a matter to quarrel over. You will have a happy life.

The top reason couples quarrel over is money.

https://forums.hardwarezone.com.sg/...mmon-quarrels-with-your-partner-over.6965916/

I think it is more important to be happy than to have lots of money, but go home everyday see a spouse you hate.

 

[1982-1994]

If your wife didnt work at all and made no income, is your income alone sufficient that you have no money worries like you say you do now? Eg for retirement. For emergency. What if you had to stop working due to illness?

Haha I told my wife she can quit working in the smoking environment and then retire but I give her at most $1k for allowance while nothing for myself
We have some rental income backing up as emergency fund though not much ,at least we can rent out our flat if I kena retrenched

If I had to stop working due to illness, I bet my wife would get a job since she is younger

Well done my friend. You did not make money a matter to quarrel over. You will have a happy life.

I AM already having a happy life lol

The top reason couples quarrel over is money.

https://forums.hardwarezone.com.sg/...mmon-quarrels-with-your-partner-over.6965916/

I think it is more important to be happy than to have lots of money, but go home everyday see a spouse you hate.

Many people here emphasize the importance of wealth while they might have overlooked their health
They don't need to rely on CPF because they are high earners but for me, I have to when I get old
Trying not to rely on CPFLIFE is difficult but $ is not a problem as long as got a job and a flat


I am beh gan to have no savings but at least I topup to CPF in order to secure for our retirement

Some may think I am living my life in an ignorant way but at least my life has been smooth and blissful

 

[N4E.SI]

Networth = Assets minus Liabilities

I think mine is about S$1.6 mil only.

What is yours? Please be honest.

$1.6m asset but tio banned on edmw

 

[dnsfpl]

wah so many millionaire in EDMW

think i will never hit that level unless property price double again in next 10 years

starting this year my monthly income and expenses almost net off

monthly saving almost $0, except in those months i get DIV or when FD matures, not a lot 1 year less than $15k only

already in semi retire mode liao haha

 

[cyke69sg]

The data is from a minister who has presided over thousands at their deathbeds.

I never said money is not important. I said Don't love it.

Let me ask you a question. If the love of money is the root of all evil, if you are the Devil, what will you do?

I am not the Devil. I don't know what the Devil will do. Beyond me. You know?

Everyone is different religion or not.

You don't love money , some people love money. Let it be

 

[cyke69sg]

"The love of money is the root of all evil. "

If I am the Devil, I will make people love money. Then their lives will have many evil. Ruin them. Come love money!

Evil:
Quarrel with their spouse over money. Quarrel with their parents over money. Quarrel with everyone over money etc. Cheat lie steal for money.

Uhmm.....SG got a lot of people love money.

Meanwhile SG keep doing better and better. More and more rich. Better economy. Stronger currency.

RUIN?

No man. Get better! In fact I think because of this love of money, SGreans are very hardworking, motivated and determined to do well financially. Earn. Invest. Save. Don't anyhow spend. Which contributes to a successful SG.

Love of money does not make people bad and need to be saved and rescued or anything.

The quarreling and bickering is something else. If it is not about money cos they have enough or not enough then they will bicker about other things like relationships , politics, social commentary, environment, etc.

 

[MoeLanYong]

Uhmm.....SG got a lot of people love money.

Meanwhile SG keep doing better and better. More and more rich. Better economy. Stronger currency.

RUIN?

No man. Get better! In fact I think because of this love of money, SGreans are very hardworking, motivated and determined to do well financially. Earn. Invest. Save. Don't anyhow spend. Which contributes to a successful SG.

Love of money does not make people bad and need to be saved and rescued or anything.

The quarreling and bickering is something else. If it is not about money cos they have enough or not enough then they will bicker about other things like relationships , politics, social commentary, environment, etc.

And yet despite our wealth, you see many people in edmw unhappy. Because the love of money is the root of all evil. Loving money created many evil in their lives.

“No one can serve two masters; for either he will hate the one and love the other, or else he will be loyal to the one and despise the other. You cannot serve God and money".

 

[cyke69sg]

And yet despite our wealth, you see many people in edmw unhappy. Because the love of money is the root of all evil. Loving money created many evil in their lives.

“No one can serve two masters; for either he will hate the one and love the other, or else he will be loyal to the one and despise the other. You cannot serve God and money".

People can be unhappy rich or poor. Unhappiness and depression is an ailment.

There are people who have personality disorders. Rigid ways of thinking.

It can be nothing to do with having wealth or not.

Actually your point is there. Having wealth doesn't mean everyone is happy. Similarly those who don't have wealth can also be happy.

You keep linking and judging everything using your religion. To the extent it's almost like choosing a particular religion leads to happiness?

Doing good leads to happiness?

It's a lot more complexed than that I feel. And I would never judge as to the reasons why someone is happy or unhappy. There could be many and more likely than not everyone is different.

Mood also got ups and downs. You always happy ALL the time? Never ever unhappy? Never ever quarrel with wife or anyone?

 

[Mr Duck]

Can't bring along when died. So just enjoy life.

 

[Cowbellc]

I understood

Some story sharing,
I recalled I had many pcs of $2 notes when I was 8yo, unknowingly guilt overcame me, I threw it all in a dustbin at my void deck yet I also stole money from my parents despite my dad gave me so much of allowance even on weekends

I never saved up when I was a single, I married my wife with a saving of $15k nia and spent $13k on our wedding,she is years younger and managed to save 3x of mine ,she didn't want to tell me as she was afraid we would argue over money matters but luckily ,we don't

Can say I am YOLO type, got how much spend how much especially on smartphones but at least my SA managed to hit BRS (on the way to FRS in 11 years, slow but steady)

And I don't mind spending money on my wife, there was once I borrowed $6k from her to buy her a diamond ring and I returned her the loan in 6 months
I don't feel heart pain at all because as long as she is happy and I am working ,money can be earned
I felt proud to pay for most of the items for our new home not really because I am a MCP but more like I should man up such a responsibility

Money to me is only important when we get old, need to pay for our insurance and medical fees (hopefully MA is able to sustain without much cash portion)

If really can't cope ,would downgrade from RCR to OCR location

We will survive even though I don't earn a lot

Types of insurance coverage that I have;
Basic accident , cancer plan, rider, A ward hospitalization plan
I am not eligible for critical illness

So even if I RIP now, at least my wife doesn't need to service the HDB loan anymore plus got some insurance heritance and CPF $150k bequest to her though these two are not much ,it should be more than enough for her since we have no kids



Thanks for reading

What abt ur kids?

 

[ramlee]

My parents say I’m a 負資產

 

[ramlee]

Still very disturbing to see majority putting themselves as negative networth.

Because I’m one

 

[MoeLanYong]

People can be unhappy rich or poor. Unhappiness and depression is an ailment.

There are people who have personality disorders. Rigid ways of thinking.

It can be nothing to do with having wealth or not.

Actually your point is there. Having wealth doesn't mean everyone is happy. Similarly those who don't have wealth can also be happy.

You keep linking and judging everything using your religion. To the extent it's almost like choosing a particular religion leads to happiness?

Doing good leads to happiness?

It's a lot more complexed than that I feel. And I would never judge as to the reasons why someone is happy or unhappy. There could be many and more likely than not everyone is different.

Mood also got ups and downs. You always happy ALL the time? Never ever unhappy? Never ever quarrel with wife or anyone?

Because this TS is a sister in christ. Same religion.

We all have to die one day. My friend who lived the high life as a private cardiologist driving fancy cars also just passed away. Have schoolmates who died in their 20s and 30s too. It's all fated. Just have to be prepared to meet yr Maker and treasure your every moment.

God is good all the time. Wouldn't have survived thus far without His grace and mercy.

As Christmas comes, I hope more are touched and saved by Christ.

 

[nowonderkid]

The house we sold for S$1.82 mil in 2018 is now worth S$3 mil.

Now our 999 yr condo worth S$1.6 mil and JB semi detached about S$400k so S$2 mil from our fully paid properties between me and hubby. So I get S$1 mil plus my cash equivalents of S$320k and cpf of about S$300k so S$1.6 mil.

Nobody interested. Go back to yr 3k salary

 

[cyke69sg]

Because this TS is a sister in christ. Same religion.

All the more shows my point. Nothing to do with religion. Whether love money don't love money, Happy or not happy.

I see you feel it is your duty to try to "save" her?

 

[MoeLanYong]

All the more shows my point. Nothing to do with religion. Whether love money don't love money, Happy or not happy.

I see you feel it is your duty to try to "save" her?

I am just pointing out what I see. She is already "saved" in the afterlife.

Love peace joy, this will be subjective. I am dealing with the latter.