What net worth is rich in SG?

[mark1231414]

...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.

[BillyB]

I've concluded that his net worth is a couple of inches.....

tsk tsk...tad bit jealous huh?

Jealous of you?!

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]

I've concluded that his net worth is a couple of inches.....

tsk tsk...tad bit jealous huh?

Jealous of you?!

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..

[BillyB]

tsk tsk...tad bit jealous huh?

Jealous of you?!

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......

[JR8]

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]

...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).

[BillyB]

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]

this about sums up all my feelings for this topic

[sundaymorningstaple]

[nakatago]

sidenote: documentation can be found in knowyourmeme.com

[technoviking]

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]

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]

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!

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.

[BillyB]

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!

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]

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

oso ... dont-lah b jealous yah! lain kali you get your turn

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!

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......