One of a recent forum posting caught our attention and we thought we wanted to note down here and share with all of you too.
Salary SG has this forum thread called “Whats Your Net Worth” for over a few years now, and apparently people have been sharing their net worth figure, albeit anonymously.
The thread has recently resurfaced after more than half a year of radio silence, and people has been sharing their net worth.
Here are some figures we screenshot from anonymous posters over the past 2 years (2019 – 2020).
From the various sharing, keeping in mind that some of them may not be true since most are from unregistered accounts, it seems like married couples who are well off, do have a high 6 figure net worth to even millionaires!
Most of the couples are holding 6 figures in cash, ranging from S$100,000 to some even more than S$2,000,000 in cash and stocks. Most of those who shared also has holdings in stocks, and has a relatively high figure in their CPF account.
It also seems like for couples in the early 30s, the joint net worth will rise from S$200,000 to S$500,000. After which for those in their 40s, the joint net worth will be anywhere from S$500,000 to S$2,000,000.
For the profiles who are single, i think realistically when they are 40 years old, after working for almost 20 years, they should have around S$500,000 to S$1,000,000 if they are financially savvy and have some stock holdings as well as working in an average paying job.
Those who started young also would have a super good head start as compared to others.
Another factor that contributes to a high net worth is of course, a high paying job. Some of the profiles shared that they have 6 figure annual income and that definitely tipped their net worth scale to the higher end.
Not too sure where we are going with this, but thought this is a good thing to cover here, especially since we cant find much people or bloggers who actively sharing their net worth figures. Also, knowing these numbers shared doesn’t really change our lives – life still goes on as per normal.
However, having these figures give us a scale of what financially savvy people are doing and how much they have achieved, and hopefully we can learn from them.
Through this too, we realized that actually there are a lot of people who are quite well off and are secretly millionaire couples in Singapore!
Of course, we also want to point out that this is not a competition, and ultimately everyone is just trying their best to be happy. It is also a matter of perspective – one can be happy with just S$100,000 and another can only be happy with S$1,000,000.
Hopefully this is a good kaypoh read for you! Happy to hear your net worth too! Do you think these profiles are fake, or are they real?
Like our Facebook Page for more articles like this: Mr Mrs Budget