Just curious how much should a 30 years old should have. Some brief description of person, local uni grad, not a high flyer, single Is the following appropriate and reasonable? CPF: $100000 Life Insurance/Savings Plan: $50000 Cash: $100000 Just wanna seek your views and what do you is appropriate if differ from the above? thanks
This is a typical profile of a successful 30 year old guy: 1. Married to a beautiful wife with a cute baby. 2. Earns $250k pa. 3. Lives in a condo. 4. Drives a big continental car. 5. Net worth of $3m. Not easy to achieve though.
You are fine. As your career progresses your assets and savings are likely to grow
life can change a lot after 30. kids come along, you are at your peak at work and investment. back when i was 30, i was single and spending freely. fast forward to 40, married with a kid, living in an HDB, driving a company car, and holding around $1.2 million in cash and stocks.
As long as you are not staying in a condo, you are not deemed as successful here. Sad but true. With $1.2 million spare cash you can sell your HDB flat and upgrade to a condo.
but i beg to differ. why do i need others to gauge if i am successful? i am happy of my achievement and so are my blissful happy family. cash is for me to invest and snow ball via stocks and property investments, HDB IS MY 山寨SHAN ZHAI
Agree. Anyway, success is relative and is probably a misguided goal to pursue in life
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