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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. βββ
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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.
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agree that everyone needs money but if you are having a high net worth but you are not happy/healthy/whatever, is that ok?
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Be wise, be nice and enjoy life!
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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.