Comments on: Graduate Couples Should Have No Problem Saving $1Million

By: Byluck

Byluck — Fri, 29 Jul 2011 08:18:21 +0000

32yo, wife 30yo, no kids, we live in HDB, combined income 13k, 2 investment properties (outside of HDB).

take frequent short holidays, eat with parents now and then, and weekly outside at least 3 dinners.

Flat is 320k with 200k mortgage (+120)
Condo 1 is 920k with 650k mortgage (+270)
Condo 2 is 1.78M with 960k mortgage (+802k, but 3 other investors so divide by 4 = +200k)

Not much cash savings nor stocks, sold most after 09 recovery. About 600k ‘worth’ in property, 70k in wife’s CPF to meet minimum sum (to drawdown for 2nd ppty)

Lost money in a few startup companies (50k), paper value 200k in another startup that might be sold for more (but don’t know so won’t count it).

Any advice to move faster from here? Don’t really like my job.. and wife will retire to be homemaker if we have kids.

By: JLLT

JLLT — Fri, 22 Jul 2011 17:10:08 +0000

i work since 20yr old. im earning abt $6300 per month. recently took up part time teaching once a wk… as a second job(im v hardworking one)..hehehe. that is extra $800 per mth. but no income during sch holidays. hubby onli earn $3300 in civil service .. i jus paid up all my car loan last mth to save on interest.. need to work hard for my first million! wish me luck! but truthfully… im pretty tired n drain.. kinda sian already.

By: tired of saving

tired of saving — Thu, 17 Feb 2011 06:55:26 +0000

JLLT: Hey good job, how do you save so much? is your earning very high and when did you start working?

By: Yup

Yup — Tue, 19 Oct 2010 05:20:43 +0000

Absolutely, I used to be earning like you but now earning >100k. Singaporeans constantly look down on their own skills thinking you need a ivy league degree or something to move up.

Trick is to be visible in a company and take calculated risks. For me it was to move abroad and join a MNC that valued my bi-lingual (English & Mandarin) skills. My mandarin is not that good but way better than any ang-mo.
You have valuable skills for any foreign company going into China! Make sure you command the proper salary for that!!

By: Sad

Sad — Tue, 19 Oct 2010 01:39:54 +0000

looking at all the comments really makes me think how poor i am. making annual barely 30k…extremely low.. wonder how could I ever be like you guys..

By: poor but surviving

poor but surviving — Wed, 23 Jun 2010 08:44:56 +0000

JLLT : U guys are doing well man!

By: JLLT

JLLT — Mon, 21 Jun 2010 12:57:07 +0000

ohh.. forget to add on.. we have a baby.

By: JLLT

JLLT — Mon, 21 Jun 2010 12:55:45 +0000

i’m 29 this yr , i have a net worth of $450k (cash , stock n unit trust) excluding my cpf n hdb…however my hubby net worth is onli abt 120k. we have a car (car loan is 550sgd a mth, loan left wit another 4-5yrs left).u think i can b a millionaire by 40? i saved more than three quarter of my salary, believe it anot.hdb is service fully by cpf. i have not been lucky in stock n unit trust…. …its really an effort of pure saving thru working hard.

By: poor but surviving

poor but surviving — Thu, 06 May 2010 00:58:16 +0000

wow tick, u r really doing quite well. I reckon the 300k is a combined figure between you and your wife?

By: Tick

Tick — Wed, 05 May 2010 10:50:02 +0000

both of us close to 40 years. making annual close to 300k. 2 kids, 1 old jap car, 1 small condo, 4 parents to take care. trying to live within our means and save up for kids education and our retirement. Comfortable life, but not luxurous lifestyle…