Singapore Expats Forum

What net worth is rich in SG?

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.

mark1231414
Newbie
Newbie
Posts: 14
Joined: Wed, 18 Apr 2012

Re: What net worth is rich in SG?

Postby mark1231414 » Thu, 26 Apr 2012 5:56 pm

taxico wrote:
mark1231414 wrote:...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:

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.
4. Yes this is only talking about white-collar workers.


since you're in singapore, and we're talking about "net worth" then i don't think banks will discern if you're an expat or not. what banks will do is treat people of certain occupations better.

IIRC, most banks categorize people with 100,000/200,000 to 350,000 of investable dollars as the "rising rich" (depending on which bank).

private banking services become available when you have $1-2m in the bank and wealth management services for those in-between (again, bank dependent).

on the lower end, people with 10,000/20,000 to 100,000/200,000 may be considered "rising rich" too - a new segment some local banks are anxious to court.

whether you're a white collar worker or not doesn't really matter to the bank; they look at your balance/portfolio/history before conferring a status on you.

eg, good hawkers or established shop keepers rake in good coin and don't know what else to do except upgrade their cars and get regular pricey but lousy perms (hair) (rim shot).

eg, some people may more than you do but have a lot of debt or spend them off with nothing in the bank account to show for... if i were a banker, i doubt they will be considered "well off."

my opinion: i think "well off" is probably within the $350,000 to $1m mark (in investable assets).

congrats! the asian'ness in you must be very proud. allow me to pump your virtual hand. [insert gif here]


Proud? Like I said before this post was not looking for that. If you feel the need to compliment then sure you have every right.

User avatar
BillyB
Manager
Manager
Posts: 1807
Joined: Fri, 23 Jul 2010
Location: My laptop

Postby BillyB » Thu, 26 Apr 2012 6:01 pm

mark1231414 wrote:
BillyB wrote:I've concluded that his net worth is a couple of inches.....


tsk tsk...tad bit jealous huh?


Jealous of you?! :lol:

I probably would be if I hadn't earned more than you when I was 24....

Remember, money can't buy you class and discretion. You're the new money type who'd wear a dog turd round their neck if it was made by Louis Vuitton.

mark1231414
Newbie
Newbie
Posts: 14
Joined: Wed, 18 Apr 2012

Postby mark1231414 » Thu, 26 Apr 2012 6:03 pm

BillyB wrote:
mark1231414 wrote:
BillyB wrote:I've concluded that his net worth is a couple of inches.....


tsk tsk...tad bit jealous huh?


Jealous of you?! :lol:

I probably would be if I hadn't earned more than you when I was 24....

Remember, money can't buy you class and discretion. You're the new money type who'd wear a dog turd round their neck if it was made by Louis Vuitton.


Hey won't argue with you there. Thats pretty sweet good at 24.

Nah I prefer Hugo Boss..

User avatar
BillyB
Manager
Manager
Posts: 1807
Joined: Fri, 23 Jul 2010
Location: My laptop

Postby BillyB » Thu, 26 Apr 2012 6:10 pm

mark1231414 wrote:
BillyB wrote:
mark1231414 wrote:
BillyB wrote:I've concluded that his net worth is a couple of inches.....


tsk tsk...tad bit jealous huh?


Jealous of you?! :lol:

I probably would be if I hadn't earned more than you when I was 24....

Remember, money can't buy you class and discretion. You're the new money type who'd wear a dog turd round their neck if it was made by Louis Vuitton.


Sucking cock? I'm pretty sure you made a couple pennies on that.


That's right, Mark. It helps supplement my expensive habits - heroin, hookers and coke aren't cheap.

But at least I don't need to distribute fantasies (Bullshit) about my financial situation on an internet forum to get myself off.

You'd better get back to salting the fries, or are you that intelligent they've put you on burger flipping......

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Thu, 26 Apr 2012 6:52 pm

Mark just wanted to pull up a chair at the table 'with the perceived big-boys'. What he didn't realise was that they'd see right through him, and that he'd just end up making a fool of himself.

taxico
Director
Director
Posts: 3150
Joined: Sat, 10 May 2008
Location: Existential dilemma!

Re: What net worth is rich in SG?

Postby taxico » Thu, 26 Apr 2012 8:09 pm

mark1231414 wrote:
taxico wrote:
mark1231414 wrote:...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?

Note a couple things:
1. I am an American born Asian if that makes any difference.


congrats! the asian'ness in you must be very proud. allow me to pump your virtual hand. [insert gif here]


Proud? Like I said before this post was not looking for that. If you feel the need to compliment then sure you have every right.


while pun intended, i actually meant "proud" in the best possible sense, and it was a direct response to your need to add that you were an american born asian. was it necessary? an expat's an expat. do american born asians (whatever sort you may be) earn less than their caucasian (whatever sort they may be) peers?

at no point have you tried to make this a proper discussion about "net worth in singapore" and coupled with your extremely tasteless replies to the others have made me feel like the information i put forward was useless (believe it or not, i actually gave you the benefit of the doubt when i typed out my lengthy opinion).

User avatar
BillyB
Manager
Manager
Posts: 1807
Joined: Fri, 23 Jul 2010
Location: My laptop

Re: What net worth is rich in SG?

Postby BillyB » Fri, 27 Apr 2012 10:06 am

taxico wrote:
mark1231414 wrote:
taxico wrote:
mark1231414 wrote:...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?

Note a couple things:
1. I am an American born Asian if that makes any difference.


congrats! the asian'ness in you must be very proud. allow me to pump your virtual hand. [insert gif here]


Proud? Like I said before this post was not looking for that. If you feel the need to compliment then sure you have every right.


while pun intended, i actually meant "proud" in the best possible sense, and it was a direct response to your need to add that you were an american born asian. was it necessary? an expat's an expat. do american born asians (whatever sort you may be) earn less than their caucasian (whatever sort they may be) peers?

at no point have you tried to make this a proper discussion about "net worth in singapore" and coupled with your extremely tasteless replies to the others have made me feel like the information i put forward was useless (believe it or not, i actually gave you the benefit of the doubt when i typed out my lengthy opinion).


Personally, I like the edits he made to some of the original posts as part of his replies!

morenangpinay
Reporter
Reporter
Posts: 890
Joined: Mon, 02 Mar 2009

Postby morenangpinay » Fri, 27 Apr 2012 10:41 am

this about sums up all my feelings for this topic

Image

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 34273
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Fri, 27 Apr 2012 11:34 am

:o :oops:

User avatar
nakatago
Moderator
Moderator
Posts: 8333
Joined: Tue, 01 Sep 2009
Location: Sister Margaret’s School for Wayward Children
Contact:

Postby nakatago » Fri, 27 Apr 2012 12:31 pm

sidenote: documentation can be found in knowyourmeme.com

technoviking
Newbie
Newbie
Posts: 12
Joined: Mon, 22 Aug 2011

Postby technoviking » Sat, 28 Apr 2012 12:18 am

this is still going on?

if you're looking to rub shoulders with rich folks in the region... try looking for the following kinds of people:

- coal mine owners, metals mine owners
- jewelry shop owners
- indonesian timber factory owners
- garment factory owners
- food processing and trading owners
- food hawkers
- shipbuilding firm owners
- oil rig parts manufacturing company owners
- construction firm owners
- wives/2nd wives/mistresses of any of the above
- first born, legitimate sons of any of the above

to really get acquainted with them, make sure you brush up on your hokkien, bahasa, or cantonese!

ganeshiyerv
Newbie
Newbie
Posts: 10
Joined: Thu, 08 Mar 2012
Location: boong keng
Contact:

Re: What net worth is rich in SG?

Postby ganeshiyerv » Mon, 30 Apr 2012 11:02 pm

mark1231414 wrote: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.


Why do you need someone else's affirmation to accept that you are well off? State of the mind dude! You probably save more in a month than what most earn in a year. Then again you probably earn less than your boss.

sweetgazebo
Regular
Regular
Posts: 144
Joined: Mon, 26 Dec 2011

Postby sweetgazebo » Mon, 30 Apr 2012 11:59 pm

mark sure seems like a field day you are having here. funny ... i kinda smelled this too from another post too but shhhh ... just in case another bomb gets thrown for some wrong assumptions .. i will leave you to your great fun you are having here. Enjoy!


BillyB wrote:
mark1231414 wrote:
BillyB wrote:I've concluded that his net worth is a couple of inches.....


tsk tsk...tad bit jealous huh?


Remember, money can't buy you class and discretion. You're the new money type who'd wear a dog turd round their neck if it was made by Louis Vuitton.

User avatar
BillyB
Manager
Manager
Posts: 1807
Joined: Fri, 23 Jul 2010
Location: My laptop

Postby BillyB » Wed, 02 May 2012 11:55 am

sweetgazebo wrote:mark sure seems like a field day you are having here. funny ... i kinda smelled this too from another post too but shhhh ... just in case another bomb gets thrown for some wrong assumptions .. i will leave you to your great fun you are having here. Enjoy!


BillyB wrote:
mark1231414 wrote:
BillyB wrote:I've concluded that his net worth is a couple of inches.....


tsk tsk...tad bit jealous huh?


Remember, money can't buy you class and discretion. You're the new money type who'd wear a dog turd round their neck if it was made by Louis Vuitton.


Sweetgazebo - pipe down you silly old moo and don't continue with churlish remarks. You're some piece of work......

sweetgazebo
Regular
Regular
Posts: 144
Joined: Mon, 26 Dec 2011

Postby sweetgazebo » Wed, 02 May 2012 1:03 pm

Phroawrrrr .... ! some mouth you have there, don't you? :) mirror, mirror on the wall, who's the most aggressive (and troubled) of 'em all :D :D :)

oso ... dont-lah b jealous yah! lain kali you get your turn :D ;)

BillyB wrote:
sweetgazebo wrote:mark sure seems like a field day you are having here. funny ... i kinda smelled this too from another post too but shhhh ... just in case another bomb gets thrown for some wrong assumptions .. i will leave you to your great fun you are having here. Enjoy!


BillyB wrote:
mark1231414 wrote:
BillyB wrote:I've concluded that his net worth is a couple of inches.....


tsk tsk...tad bit jealous huh?


Remember, money can't buy you class and discretion. You're the new money type who'd wear a dog turd round their neck if it was made by Louis Vuitton.


Sweetgazebo - pipe down you silly old moo and don't continue with churlish remarks. You're some piece of work......


  • Similar Topics
    Replies
    Views
    Last post
  • Singtel vs Starhub - net and TV
    by JR8 » Fri, 17 May 2013 6:05 pm » in Computer, Internet, Phone & Electronics
    17
    21250
    by RimBlock View the latest post
    Mon, 01 Jul 2013 3:47 pm
  • Reset the Net
    by the lynx » Fri, 06 Jun 2014 8:57 am » in Computer, Internet, Phone & Electronics
    4
    1045
    by x9200 View the latest post
    Sat, 07 Jun 2014 8:44 am
  • Net neutrality
    by Brah » Tue, 11 Nov 2014 9:46 pm » in Computer, Internet, Phone & Electronics
    2
    927
    by Brah View the latest post
    Thu, 13 Nov 2014 9:28 pm
  • Computer/net 'VPNs' that leak your location/ip address.
    by JR8 » Mon, 16 Feb 2015 11:05 pm » in Strictly Speaking
    3
    1718
    by JR8 View the latest post
    Tue, 17 Feb 2015 2:08 pm
  • Net salary to Hand??
    by rangakavi » Mon, 02 Mar 2015 5:41 pm » in Careers & Jobs in Singapore
    5
    1246
    by ecureilx View the latest post
    Mon, 02 Mar 2015 9:05 pm

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 4 guests