What net worth is rich in SG?

[mark1231414]

Okay this is going to be controversial topic but here goes...one of the things I love about SG is that for the most part if you meet another foreigner there is a high probability that they are a successful professional and probably well-off. It reminds me of Monaco and how it is there. So knowing that for the most part expats in SG tend to be successful what would someone need to earn and have as a net worth to be consider well off? Since I started this thread I can give you my stats:

1. 34M
2. Married + 1 young child
2. Salary last year: SG$525K inclusive base/bonus/stock
3. Net worth:
- Stock/Investment assets: SG$1.46MM
- Apartment equity: SG$150K


Note a couple things:
1. I am an American born Asian if that makes any difference.
2. I will respond so this is not a drive-by post
3. I am sure there will be trolls but hopefully we can keep the discourse clean
4. Yes this is only talking about white-collar workers.

[Zeenit]

Why you telling us this??

[Saint]

Unwritten rule of the forum, we don't the size of our packages

[Zeenit]

Unwritten rule of the forum, we don't the size of our packages

Hi Stranger or is that me

[Saint]

Unwritten rule of the forum, we don't the size of our packages

Hi Stranger or is that me

Hi Stranger, long time no hear!

[nakatago]

Why you telling us this??

He probably likes the fact that he's very well off and would like everyone here to know that he is and proud of it.

[Zeenit]

Nope, I think its dreaming with a keyboard for company

[JR8]

Why you telling us this??

He probably likes the fact that he's very well off and would like everyone here to know that he is and proud of it.

No he probably genuinely believes that other people think the same way and are interested in having a circle-jerk.

My own view is that if you have to brag about it, or flash it around you haven't made it (made it as in within the OPs apparent frame of reference). As they say in England 'Real wealth speaks quietly'.

[sundaymorningstaple]

Probably compensating about his various packages.......

[mark1231414]

As promise not a drive by post. Let me respond to all the criticism:

"nakatago" if this was a non-anonymous forum then yes I would concur that my post would seem to be a blatant form of boasting but since it is not I can assure you that I am not trying to brag. What is the point of bragging when no one knows you are? I would never divulge these points if my identity was tied to it. You may ask then why do I feel I can do it in a forum? The answer is that one of the great things about anonymity on the Internet is the ability to ask questions which is perhaps not socially acceptable to discuss.

"Jr8" No I am not trying to circle-jerk. There is a valid enquiry which is to try and find out the equivalent of the below link. As mention my belief is that due to smaller population and selective acceptance of expat the median is significantly higher then the US. I think this is a perfectly reasonable exercise no? We all like to understand where we stand as it pertains to our peers. Clearly this is discussion where progress can be made instead of your description as a circle-jerk.

http://cgi.money.cnn.com/tools/networth_ageincome/

"sundaymorningstaple" With over 21K post I would hope that you provide some valuable insight moving forward rather then a snide remark.

[JR8]

"sundaymorningstaple" With over 21K post I would hope that you provide some valuable insight moving forward rather then a snide remark.

Hahahaha

[the lynx]

I'm curious. Isn't it subjective? How high it has to be to be considered well off?

Looks at all those listed in Forbes, they all go by relative comparison. No yardstick whatsoever.

Not sounding obnoxious or anything but I think this discussion is pointless.

[mark1231414]

I'm curious. Isn't it subjective? How high it has to be to be considered well off?

Looks at all those listed in Forbes, they all go by relative comparison. No yardstick whatsoever.

Not sounding obnoxious or anything but I think this discussion is pointless.

No definitely valid point. But I can say this is pretty much applies to a bunch of things on this forum which are subjective...where to live, what school to go, etc.

I guess I am trying to get to is what do YOU consider to be well off? I'm sure if we get enough good response we can come to some kind of consensus or average. Whether this knowledge is actionable is debatable but at the least we have a gauge.

[x9200]

I guess even assuming your good intentions the main problem you are going to face is that nobody gives a damn *beep* about what you have asked here. It is nothing personal (towards you), simply the subject is of the category like asking what tampons your wife uses these difficult days. It is nobody's business and completely uninteresting. Anonymity does not help. People are not starving from lack of such information and not the etiquette stops them from asking around.

Looks like you basically did not factor in the cultural differences.

[Zeenit]

Well maybe you should of asked the question of happiness. Money even if you have what you claim to have does not make you happy.

ME, I am happy.