What is your net worth per household ?

chootchiew · Nov 19, 2014

For me is sgd800k at mid 40s :wink:

Not to hao lian or what, just to findout if I am low, average or high as compared to average sinkies. Be honest to share, it does not mean that low or high means is very intelligent, it depends on many factors for a person net worth. Also no one will know who you are so share please !

Note: you need not share your age lah, some bros want to be forever young, is ok .

AhMeng · Nov 19, 2014

Don't compare.... :biggrin:

lifeafter41 · Nov 19, 2014

chootchiew said:
For me is sgd800k at mid 40s
Not to hao lian or what, just to findout if I am low, average or high as compared to average sinkies. Be honest to share, it does not mean that low or high means is very intelligent, it depends on many factors for a person net worth. Also no one will know who you are so share please !

Note: you need not share your age lah, some bros want to be forever young, is ok .

when you mentioned household, does it include the property staying in?.
If it does not, then you are doing very well.

chootchiew · Nov 19, 2014

lifeafter41 said:
when you mentioned household, does it include the property staying in?.
If it does not, then you are doing very well.

Yes inclusive of property and everything and divided by the number of household or dependent.
e.g. if you have a wife with her own net worth, add her net worth and divide by 2. If have 2 non working child, divide by 4 etc

chootchiew · Nov 19, 2014

AhMeng said:
Don't compare....

Have to compare in real life, especially sinkieland. Comparison is 1 way to improve oneself.
Also the day we were born, comparison already started. In school we study to get lumbar 1 in class, our results were compared to gain entry to elite schools. At work employer compared resumes.

looneytan · Nov 19, 2014

chootchiew said:
For me is sgd800k at mid 40s
no one will know who you are so share please !

everyone knows I am looneytan leh!

chootchiew · Nov 19, 2014

looneytan said:
everyone knows I am looneytan leh!

Don't worry, people only knows looney lee and his net worth :biggrin:

frenchbriefs · Nov 19, 2014

to think that im amongst loser sinkies and they already have a networth of 800k.....really must work harder to get out of this godforsaken island.

Yingge · Nov 19, 2014

chootchiew said:
Yes inclusive of property and everything and divided by the number of household or dependent.
e.g. if you have a wife with her own net worth, add her net worth and divide by 2. If have 2 non working child, divide by 4 etc

Your wife not belong to your household??? :confused:

chootchiew · Nov 19, 2014

Yingge said:
Your wife not belong to your household???

Depending on your wife is a net worth or liability in your house lor ! if is a net worth, add hers with yours and divide by 2. If is a liability use yours and divide by 2.

chootchiew · Nov 19, 2014

chootchiew said:
For me is sgd800k at mid 40s
Not to hao lian or what, just to findout if I am low, average or high as compared to average sinkies. Be honest to share, it does not mean that low or high means is very intelligent, it depends on many factors for a person net worth. Also no one will know who you are so share please !

Note: you need not share your age lah, some bros want to be forever young, is ok .

Who is the bugger that deduct my points and state "I am worth more than you" ? This is just a confession thread as I stated, no need be so sensitive mah nabei, if you are worth more just state it lah, why hide behind and deduct my points. Even you are worth $10bil you are a fucking loser do you know.

lifeafter41 · Nov 19, 2014

chootchiew said:
Yes inclusive of property and everything and divided by the number of household or dependent.
e.g. if you have a wife with her own net worth, add her net worth and divide by 2. If have 2 non working child, divide by 4 etc

Going by your assumption, I am sure you are well above average.

As in typical Singaporean household, there is hubby/wife, 2 to 4 children, aged parents (eg, husband side only), all staying in 5 roomflat.
Assuming only 2 kids, staying in tampines and has a car.

Will goes like this.

Savings 100k, Insurance 100k, CPF, 100k (After paying off loan)
Property HDB 600k
Car : Depreciating, no value.

Total 900k/6
150k, with 2 kids, if with 4 kids 112.5k

Do you feel better now?.

jw5 · Nov 19, 2014

To calculate net worth, you should exclude the value of the property you are staying in. Can only include investment properties.

chootchiew said:
Yes inclusive of property and everything and divided by the number of household or dependent.
e.g. if you have a wife with her own net worth, add her net worth and divide by 2. If have 2 non working child, divide by 4 etc

soIsee · Nov 19, 2014

chootchiew said:
For me is sgd800k at mid 40s
Not to hao lian or what, just to findout if I am low, average or high as compared to average sinkies. Be honest to share, it does not mean that low or high means is very intelligent, it depends on many factors for a person net worth. Also no one will know who you are so share please !

Note: you need not share your age lah, some bros want to be forever young, is ok .

$800k only har? HaHahahahahHAHAHAHA

More important any financial instruments that will generate perpetual income for life?

If yes, how much generated taking into account 10% inflation rate which Sinkland is famous for.

Ralders · Nov 19, 2014

I stay in ec n own another 2.

5millions at mid thirty

chootchiew · Nov 19, 2014

jw5 said:
To calculate net worth, you should exclude the value of the property you are staying in. Can only include investment properties.

My thought was for staying-in property I should get estimated value minus the outstanding loan. Anytime if I wish to downgrade or move out of sinkieland it is still an amount.

If exclude staying-in property then mine will be greatly reduced alamak , must work harder liao.

chootchiew · Nov 19, 2014

soIsee said:
$800k only har? HaHahahahahHAHAHAHA

More important any financial instruments that will generate perpetual income for life?

If yes, how much generated taking into account 10% inflation rate which Sinkland is famous for.

Yes at this point calculation only 800k. Well financial instruments a little only but this is future amount. I'm referring to current.

sochi2014 · Nov 19, 2014

I am less than 5K!

And we are happy because we know God provides!

soIsee · Nov 19, 2014

chootchiew said:
Yes at this point calculation only 800k. Well financial instruments a little only but this is future amount. I'm referring to current.

Future amount?

Uncle, you already late liao.

Things have moved up tremendously and will continue to do so, even kopi not longer cost less than a dollar now.

Only those who had struck it right earlier have chance to go up further unless of course, you are a 'high flyer' right now! LoL

lifeafter41 · Nov 19, 2014

soIsee said:
Future amount?

Uncle, you already late liao.

Things have moved up tremendously and will continue to do so, even kopi not longer cost less than a dollar now.

Only those who had struck it right earlier have chance to go up further unless of course, you are a 'high flyer' right now! LoL

I better go and hide in one corner liao.......
The forummers here......atas.....

What is your net worth per household ?

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