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Thread: 30k savings, 35 y-o

  1. #21

    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by pokiemon View Post
    more important question - does he have a GIRLFRIEND???

    to answer your question, i think you need more details of his saving habits. some people may lock their savings into long term investment plans.

    quick and crude calculation:

    age 25 26 27 28 29 30 31 32 33 34
    annual salary with 5% incr 36,000 37,800 39,690 41,675 43,758 45,946 48,243 50,656 53,188 55,848
    less CPF 20% 28,800 30,240 31,752 33,340 35,007 36,757 38,595 40,524 42,551 44,678
    tax less 10% 25,200 26,460 27,783 29,172 30,631 32,162 33,770 35,459 37,232 39,093
    less insurance savings 15% 3,780 3,969 4,167 4,376 4,595 4,824 5,066 5,319 5,585 5,864
    less car expenses 12000k 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000
    less entertainment exp 20% 5,040 5,292 5,557 5,834 6,126 6,432 6,754 7,092 7,446 7,819
    savings 4,380 5,199 6,059 6,962 7,910 8,905 9,951 11,048 12,201 13,411

    total savings after 10 years 86,026
    Wah! you must be one of those financial planners. Your computation so cheam.

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  2. #22
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    Default Re: 30k savings, 35 y-o

    oh dear..my dad is 56 years old and almost no savings...

    jeanie, i think the absolute amount is not important but its how he spends his money. if he's making only 1800 a month, i think 30k is pretty decent after working for 7-8 years. especially if he doesnt live with his parents.
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  3. #23
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    Default Re: 30k savings, 35 y-o

    i would say its pretty decent... if he has not much parents financial support in the first place... i know many of my friends started working paying off study loans... once that is done, the parents are retired then need to support them... then the younger siblings goes into Uni themselves, need to support them etc.... if you are not born rich , i think for these cases after 10 yrs and still got 30k i think its pretty decent already...
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  4. #24
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    Default Re: 30k savings, 35 y-o

    oh... u forget one very important thing ! is he a Singapore Citizen or a PR ? now PR status very cham one ! benefits from govt got reduced !

  5. #25
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    Default Re: 30k savings, 35 y-o

    u sizing him up for ROM?

    OK...story told to me by taxi driver just few days ago.
    I have no idea whether this story is true.

    His friend A in the mid 1980s was poor, earned about $700 to $800.
    Taxi driver and other friends tried many times to hitch Mr. A to local gals.
    Mr. A got rejected repeatedly.

    U know why, lah....Taxi driver ever asked one of the gals...why she rejected his friend Mr. A.
    Got a brutally honest answer point blank. It is about $ or the lack of it.

    So one day, Mr. A just gave up...(very depressing you know, being rejected repeatedly)
    Sold his inherited small 3rm flat.
    Packed up and left to go to Thailand.
    Chiangrai, to be specific.
    Married a nice gal there.
    Set up a small cafe eatery.
    His Thai wife caring and hardworking.
    They prospered.
    Now got a few cafes including one in BKK.
    He is doing well.
    Recently Mr. A came back to visit this taxi driver friend who was so nice to him.
    What does this tell you...?
    Draw your own conclusions from your own point of view.

    There is no "correct" answer. No "good" or Bad" answer.
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    Last edited by ricohflex; 28th January 2010 at 07:26 PM.

  6. #26
    Senior Member Sion's Avatar
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    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by phoakm View Post
    I am 35 years. My savings less than $30k. I am married to my equipments.
    Is your wife's name Nikon or Canon?

  7. #27

    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by phoakm View Post
    I am 35 years. My savings less than $30k. I am married to my equipments.
    lol, not bad liao lor, still got equipments which can be sold mah

    Me not even has 35 bucks
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  8. #28
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    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by phoakm View Post
    I am 35 years. My savings less than $30k. I am married to my equipments.
    Wahahaha sounds just like me too!

  9. #29
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    Default Re: 30k savings, 35 y-o

    Jeanie, let me offer u one advice. Today your dream man maybe be rich but in life funny things can happen anytime, will you stay with him when disasters or sad events take place beyond human control ? u dun knw what will change 10 years down the road, or can i say life itself is an uncertainity esp. in today's fast changing world.

  10. #30
    Senior Member limwhow's Avatar
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    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by Canonised View Post
    Sister, from my experience, do not judge a guy's worth with how much saving he has in his bank. Discreetly study his potential worth, both materials as well as his ability/potential.

    but generally speaking, at 35, most "successful" guys already should be worth a million .... but of course there are many people who start making BIG money only after 40!
    I echo this sentiment.
    Many a men, at 35 years old, would have committments that require monthly servicing:
    housing, insurance, investments, home expenses, children expenditure, transport, photography.... etc. etc.
    Liquid cash on hand (in bank) may not be high.
    His net worth will be in all his other assets AND his potential worth.

  11. #31
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    Default Re: 30k savings, 35 y-o

    u know ?

    after reading this thread, i feel that our world has changed people perspective of marriage & love, it has become more of a business partnership in fulfilling each other needs. NO MONEY NO LOVE ? yes.. it is true sadly and make sure u got some humour and fun in the package as well.

    unlike our parents and grandparents, couples still stayed together thru crisis and hardships during WW2 and those turbulent times when Singapore got indepenence from British rule, ... but in today's context marriage sounds indeed like " jumping from one system to another when quality expectations are not met along the way, some even had pns in addition to DSLR.. some even own more than one DSLR systems... "

    u see... when people are like that, how to expect to make more babies for Singapore and take responsibilities for the long term ?
    Last edited by raincool2005; 28th January 2010 at 06:53 PM.

  12. #32
    Senior Member CS TAN's Avatar
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    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by raincool2005 View Post
    u know ?

    after reading this thread, i feel that our world has changed people perspective of marriage & love, it has become more of a business partnership in fulfilling each other needs. NO MONEY NO LOVE ? yes.. it is true sadly and make sure u got some humour and fun in the package as well.

    unlike our parents and grandparents, couples still stayed together thru crisis and hardships during WW2 and those turbulent times when Singapore got indepenence from British rule, ... but in today's context marriage sounds indeed like " jumping from one system to another when quality expectations are not met, some even had pns in addition to DSLR.. some even own more than one DSLR systems... "

    u see... when people are like that, how to expect to make more babies for Singapore and take responsibilities for the long term ?
    If you want to us camera analogy, perhaps "one lens can be shared among multiple camera bodies" which the dSLR exhibited is more appropriate...
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  13. #33
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    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by CS TAN View Post
    If you want to us camera analogy, perhaps "one lens can be shared among multiple camera bodies" which the dSLR exhibited is more appropriate...
    .. some even worse, lens and bodies went thru B&S market many times...

  14. #34

    Default Re: 30k savings, 35 y-o

    how come you all connect this question with jeanie's love life ah? hahaha...

  15. #35

    Default Re: 30k savings, 35 y-o

    me too. close to 35 and less than 30k savings....

  16. #36
    Senior Member phoakm's Avatar
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    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by Sion View Post
    Is your wife's name Nikon or Canon?
    Canon!

    Quote Originally Posted by Tupi Guy View Post
    lol, not bad liao lor, still got equipments which can be sold mah

    Me not even has 35 bucks
    This is true. These equipments had been heavily violated by me seriously.

    Quote Originally Posted by Garion View Post
    Wahahaha sounds just like me too!
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  17. #37
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    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by alantkh View Post
    me too. close to 35 and less than 30k savings....
    no problem. U got 5 Cs. Canon Contax Cosina Chinon CarlZeiss

  18. #38
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    Default Re: 30k savings, 35 y-o

    Savings and saving don't really have much importance compared to the ability to earn. Savings is an indication of what has happened and doesn't take into account the future.

    Here's a personal example. My online business currently has revenues but no profits. It means I have no savings. Next year, however, I'm projecting to save $1000 per month from my business, growing at 10% annually. Currents savings doesn't take into account what I'm doing, which is why it's really a useless number.

    By the way, that's only my side business. I still have a full time job (which pays higher than my business currently). And I'm 28.

  19. #39
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    Default Re: 30k savings, 35 y-o

    too little as 30K how to get married? Renovation, wedding...also wedding photography

    I think a guy should have at least 30K when he is 29, a regular and consistent saver, is not difficult to reach.

    I think 29 years old is a good age to get married for a guy.
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  20. #40
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    Default Re: 30k savings, 35 y-o

    Quote Originally Posted by Parka View Post
    Savings and saving don't really have much importance compared to the ability to earn. Savings is an indication of what has happened and doesn't take into account the future.

    Here's a personal example. My online business currently has revenues but no profits. It means I have no savings. Next year, however, I'm projecting to save $1000 per month from my business, growing at 10% annually. Currents savings doesn't take into account what I'm doing, which is why it's really a useless number.

    By the way, that's only my side business. I still have a full time job (which pays higher than my business currently). And I'm 28.
    How about a person whose ability to earn $100K per month but save nothing? (i.e. splurge 100% of his income
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