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What net worth is rich in SG?

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mark1231414
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What net worth is rich in SG?

Postby mark1231414 » Wed, 18 Apr 2012 5:01 pm

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.

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Zeenit
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Postby Zeenit » Wed, 18 Apr 2012 5:32 pm

Why you telling us this?? :shock:
Zeenit

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Saint
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Postby Saint » Wed, 18 Apr 2012 5:40 pm

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

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Postby Zeenit » Wed, 18 Apr 2012 5:41 pm

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


Hi Stranger or is that me :D
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Postby Saint » Wed, 18 Apr 2012 5:43 pm

Zeenit wrote:
Saint wrote:Unwritten rule of the forum, we don't the size of our packages


Hi Stranger or is that me :D


Hi Stranger, long time no hear!

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Postby nakatago » Wed, 18 Apr 2012 5:46 pm

Zeenit wrote:Why you telling us this?? :shock:


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.
Last edited by nakatago on Wed, 18 Apr 2012 5:49 pm, edited 1 time in total.

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Postby Zeenit » Wed, 18 Apr 2012 5:49 pm

Nope, I think its dreaming with a keyboard for company :D :D
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JR8
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Postby JR8 » Wed, 18 Apr 2012 5:56 pm

nakatago wrote:
Zeenit wrote:Why you telling us this?? :shock:


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'.

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Postby sundaymorningstaple » Wed, 18 Apr 2012 6:08 pm

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

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Postby mark1231414 » Wed, 18 Apr 2012 8:13 pm

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.

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Postby JR8 » Wed, 18 Apr 2012 8:22 pm

mark1231414 wrote:"sundaymorningstaple" With over 21K post I would hope that you provide some valuable insight moving forward rather then a snide remark.



Hahahaha :lol: :P

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Postby the lynx » Wed, 18 Apr 2012 8:35 pm

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.

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Postby mark1231414 » Wed, 18 Apr 2012 8:52 pm

the lynx wrote: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.

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Postby x9200 » Wed, 18 Apr 2012 9:36 pm

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.

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Postby Zeenit » Wed, 18 Apr 2012 9:42 pm

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. :D :D :D :D
Zeenit


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