YTD 2026 Networth tracking thread

[d5dude]

Revhappy damn power, can accumulate near 7 figure networth with so little investing. For me its just the opposite, about half of my networth came from investments, I think the average salaried person in Singapore got no chance of hitting 7 figure networth without saving like crazy or investing wisely.

 

[bright_84]

I'm also uncle. =D
Started even later than you I think.

Okay, for me, managing for me and wife.
Total CPF: 440k
Investments: 130k
Cash: 120k
No debt.

Wish I started 10years ago. Haha.

Technically with CPF everyone should

 

[DukeCS33]

Revhappy damn power, can accumulate near 7 figure networth with so little investing. For me its just the opposite, about half of my networth came from investments, I think the average salaried person in Singapore got no chance of hitting 7 figure networth without saving like crazy or investing wisely.

The typical Singaporean has his cash sucked into their home... the total outlay over a 25 year period is easily 1.5 times the quantum of the loan. So when property prices are high relative to wages, then more cash goes into servicing of the loan and less into investments. And when one starts upgrading, he gets sucked into more debt.

 

[malthead]

Networth increased 12% for 2019. Would be better if not for the high cash portion (35%).

Aim to increase my NW by 40% in 7 years by 50 yrs old

 

[minamikaze]

Figures above are for me and my wife, in early 30s.
"Property" = paid up equity in our properties
Total networth including CPF is close to 1.9 mil... still trying hard to reach the elusive 2mil figure.

 

[malthead]

Figures above are for me and my wife, in early 30s.
"Property" = paid up equity in our properties
Total networth including CPF is close to 1.9 mil... still trying hard to reach the elusive 2mil figure.

Comfortable position for early 30s...

 

[polyglob]

Figures above are for me and my wife, in early 30s.
"Property" = paid up equity in our properties

Quite good for early 30's couple. But cash + FD much larger than stocks. What's your reasoning?

For property if you count paid up equity then should also minus the outstanding loan from total networth.

More realistic to exclude primary residence from net worth calculations.

Agree.

 

[minamikaze]

Quite good for early 30's couple. But cash + FD much larger than stocks. What's your reasoning?

For property if you count paid up equity then should also minus the outstanding loan from total networth.



Agree.

"For property if you count paid up equity then should also minus the outstanding loan from total networth." - Well, no right or wrong answer I guess, but is this the usual method to calculate total networth?
Anyway, I have about $680k loan left = so that means networth is around $1.2 mil, going by this method.

 

[highsulphur]

"For property if you count paid up equity then should also minus the outstanding loan from total networth." - Well, no right or wrong answer I guess, but is this the usual method to calculate total networth?
Anyway, I have about $680k loan left = so that means networth is around $1.2 mil, going by this method.

Think paid up equity is correct or value minus outstanding loan whichever is lower to be conservative. Definitely not equity minus loan...

 

[polyglob]

"For property if you count paid up equity then should also minus the outstanding loan from total networth." - Well, no right or wrong answer I guess, but is this the usual method to calculate total networth?

Networth = assets - liabilities. Your paid up property equity is part of your assets. Outstanding loan is part of your liabilities. See https://www.investopedia.com/terms/n/networth.asp.

Personally, I don't count property equity of primary residence but do count the outstanding loan, because the loan is being serviced with interest so is a drain on my assets.

 

[highsulphur]

Networth = assets - liabilities. Your paid up property equity is part of your assets. Outstanding loan is part of your liabilities.

Personally, I don't count property equity of primary residence but do count the outstanding loan, because the loan is being serviced with interest so is a drain on my assets.

You are wrong. In the case of property, asset would be the full value of the property. He is using only the paid up equity so there's no need to minus the mortgage

Either one uses
1) paid up equity or
2) market value minus mortgage

1 should be more conservative unless market price is below purchase price

 

[OngHuatHuat]

Equity = asset minus loan.

 

[polyglob]

Think paid up equity is correct or value minus outstanding loan whichever is lower to be conservative. Definitely not equity minus loan...

Yes, you're right, this works. Although personally I am more conservative as mentioned in other post. Gives me a bigger target to aim for.

 

[minamikaze]

It is a bit hard to determine the asset value very accurately - that's why I just use paid-up equity. What's the best way that you guys use to determine your property asset value? SRX? Urbanzoom?
For me, I think the most conservative way might be to use the lower bound value from Urbanzoom.

 

[highsulphur]

It is a bit hard to determine the asset value very accurately - that's why I just use paid-up equity. What's the best way that you guys use to determine your property asset value? SRX? Urbanzoom?
For me, I think the most conservative way might be to use the lower bound value from Urbanzoom.

I just don't consider my home since it won't generate income for my retirement

 

[minamikaze]

I just don't consider my home since it won't generate income for my retirement

Right. I'm referring to investment properties though.

 

[highsulphur]

Right. I'm referring to investment properties though.

Then maybe use website you have indicated as rough values. If you want to be conservative just apply a haircut for quick sale

 

[polyglob]

It is a bit hard to determine the asset value very accurately - that's why I just use paid-up equity. What's the best way that you guys use to determine your property asset value? SRX? Urbanzoom?
For me, I think the most conservative way might be to use the lower bound value from Urbanzoom.

URA caveat lodge site lists recent transactions.

 

[kindman1]

URA caveat lodge site lists recent transactions.

Anybody know the difference between sub-sale and resale?

 

[yoyokid]

Why not? No one knows u here... millionaire also can do honest sharing here isn't it? Not as if someone will rob u here.

Harnor...

.. millionaires also have their share of spare time and leisure...

.. if they go kopidiam, it's too conspicuous...

.. so to keep in touch with the ordinary folk, this forum is not bad... Lol...

.. but here is oso got some cesspool choa Sinkies!...