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Anonymous
Are there any standards for net worth?
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Alex
22 Oct 2021
Senior Manager at Great Eastern Financial Adviser
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Actually, it's not really too bad if it excludes your CPF.
If you aimed to get a real return of 7.0% over the next 30 years and managed to consistently invest another $750 per month over that time, then you'd have over $2.1 million. That's provided you re-invested the dividends.
If you increased your monthly investment in line with inflation you'd do even better, and that would be about $2.1 million in today's money (which 2% inflation would otherwise reduce the spending power to something like $1.2 million in today's dollars).
The smart thing to do is to aim to set aside a fixed percentage of your net income to invest every month. A good number is around 15%, although that's tough for some people.
There are some good YouTube videos on this stuff. I highly recommend Minority Mindset.
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Robin
30 Mar 2021
Administrator at SG
That depends on your life goals. If you have a partner who is working, that may change the entire fi...
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The only standard is you, not your net worth, you are defined by who you really are but not by your net worth, I mean yes having more Net worth does give your more opportunity and stuff but what's more important is what you want not what you can get.
agree that everyone needs money but if you are having a high net worth but you are not happy/healthy/whatever, is that ok?
Be wise, be nice and enjoy life!
honestly, it's still an impressive achievement, what's key is are you happy that you achieve it because no one knows your net worth so they don't get a chance to judge you.