YTD 2026 Networth tracking thread

[limster]

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

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

umm are you from Singapore? you seriously think millionaires don't go to kopitiam in Singapore?

 

[highsulphur]

umm are you from Singapore? you seriously think millionaires don't go to kopitiam in Singapore?

Maybe billionaires but I think still have chance

 

[d5dude]

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.

Ya most Singaporeans have too much cash stuck in their property, but its not all bad since I consider it to be an investment too, renting is not really a viable option now anyway, it makes no economic sense unless interest rates rise a lot or rents crash. For the average person who doesn't have millions to throw around, one property should be fine.

 

[d5dude]

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

Your home is definitely part of your networth regardless of its income generating capability. My networth is higher than yours if I own a fully paid up 50m GCB and nothing else and you own a fully paid up 500k HDB and 2m dividend paying stocks.

 

[highsulphur]

Your home is definitely part of your networth regardless of its income generating capability. My networth is higher than yours if I own a fully paid up 50m GCB and nothing else and you own a fully paid up 500k HDB and 2m dividend paying stocks.

I know what you mean but in my case, I don't consider mine as part of my retirement planning since it won't be generating income (unless I downgrade)

 

[cook123]

Mine aged 45
2 condos total around 2.2m
Loan 630k
Cash in hand 350k
Blue chips and other shares 2.1m
Car fully paid now worth 110k
Cpf 415k
Businesses and other assets probably around 2m

 

[revhappy]

I know what you mean but in my case, I don't consider mine as part of my retirement planning since it won't be generating income (unless I downgrade)

Housing is an expense. If you don't own a house, you have to pay rent. This is a very transparent expense. To mitigate this expense people buy a home. Now the expense is not so transparent, you have used a lot of money to buy the house, so you don't pay rent, but you have lost the opportunity to make income from that money. There is renovation and taxation expense. Flipside, you have acquired an asset and appreciation/depreciation from it.

I think this is a lot of money involved, and not accounting for it, will kind of not give you the true picture and let you consider possible alternatives like upgrading/downgrading or renting etc.

 

[highsulphur]

Housing is an expense. If you don't own a house, you have to pay rent. This is a very transparent expense. To mitigate this expense people buy a home. Now the expense is not so transparent, you have used a lot of money to buy the house, so you don't pay rent, but you have lost the opportunity to make income from that money. There is renovation and taxation expense. Flipside, you have acquired an asset and appreciation/depreciation from it.

I think this is a lot of money involved, and not accounting for it, will kind of not give you the true picture and let you consider possible alternatives like upgrading/downgrading or renting etc.

It could cut both ways in singapore. A right or wrong decision can bring forward or set back your retirement by years.

 

[NewInvestor]

Mine aged 45
2 condos total around 2.2m
Loan 630k
Cash in hand 350k
Blue chips and other shares 2.1m
Car fully paid now worth 110k
Cpf 415k
Businesses and other assets probably around 2m

Wahlau. $6.5M net worth at a young age 45 years old. Salute salute, Bro. I don't remember anyone else in SSI or MM having done as well as you.

Would you like to share the secret of your success?

 

[malthead]

Apart from inheritance, the main source of income for most would be from salary. Focus on maximizing that to the best of your capability. If that isn't enough, business income is next....

 

[limster]

Wahlau. $6.5M net worth at a young age 45 years old. Salute salute, Bro. I don't remember anyone else in SSI or MM having done as well as you.

Would you like to share the secret of your success?

I think he can join the ranks of the MM/SSI Elite that I am tracking in my compilation thread:

• This guy own 9 properties: https://forums.hardwarezone.com.sg/...late-wealth-lve-comfortable-life-5612076.html
  
• Age 35: $9million: https://forums.hardwarezone.com.sg/...d-9m-portfolio-how-much-leverage-5800473.html
  
• Waiting to inherit parents $14m: https://forums.hardwarezone.com.sg/money-mind-210/high-net-worth-parents-5800447.html

 

[existential_reality]

Well done, is there a single contribution factor your wealth building? i,e property, business or inheritance even if that was a factor.

Regardless its a good position to be in.

Mine aged 45
2 condos total around 2.2m
Loan 630k
Cash in hand 350k
Blue chips and other shares 2.1m
Car fully paid now worth 110k
Cpf 415k
Businesses and other assets probably around 2m

 

[cook123]

Well done, is there a single contribution factor your wealth building? i,e property, business or inheritance even if that was a factor.

Regardless its a good position to be in.

Lots of factors but no inheritance
Education enabling me to own and manage the business
Putting active income to passive as soon as possible
Frugality
Luckily wife not spendthrift. Only 1 5k Prada bag in nearly 20yrs of marriage. That’s important factor too.
Myself also putting off upgrading my 3.5 yrs old car. Cars can lose money very quickly esp brand new
And A bit of luck I Guess
Net worth only take off in last 5-10yrs
Should see investment amount in blue chips and good dividend shares increasing proportion as time goes by

 

[OngHuatHuat]

Networth approximately minus 6 digits if you buy houses due to sunk cost involved, for example stamp duty, legal fee, renovation cost.

Housing is an expense. If you don't own a house, you have to pay rent. This is a very transparent expense. To mitigate this expense people buy a home. Now the expense is not so transparent, you have used a lot of money to buy the house, so you don't pay rent, but you have lost the opportunity to make income from that money. There is renovation and taxation expense. Flipside, you have acquired an asset and appreciation/depreciation from it.

I think this is a lot of money involved, and not accounting for it, will kind of not give you the true picture and let you consider possible alternatives like upgrading/downgrading or renting etc.

 

[chopra]

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

paid up equity for property means total amount of downpayment and installment paid minus stamp duty, legal fee etc?

 

[highsulphur]

paid up equity for property means total amount of downpayment and installment paid minus stamp duty, legal fee etc?

I would ignore the duties and legal fees.

So just what you paid to reduce loan plus down-payment.

 

[revhappy]

Just compiled my figures for Jan 2020.

Total Networth: 980k
YTD growth of networth: 1.39%
YTD growth of Investment: 0.74%

All figures in '000 SGD

 

[highsulphur]

Just compiled my figures for Jan 2020.

Total Networth: 980k
YTD growth of networth: 1.39%
YTD growth of Investment: 0.74%

All figures in '000 SGD

No property or not included?

 

[revhappy]

No property or not included?

No property

 

[NewInvestor]

No property or not included?

Revhappy, you have done a good job in growing your networth. About 20% every year! Congrats and keep it up!