US$1 Million

US$ Bill from the Museum of American Finance

Exchange rate as at 10 Dec 2017

Back in 20 March 2015, I shared that I had achieved SGD $1 Million in wealth, excluding property and central provident fund saving.

At the current US$ to SGD$ conversion rate of US$1 to SGD$1.352 (as at 10 Dec 2017), I have obtained an equivalent US$1 Million in wealth, excluding property and central provident fund saving. This is achieved after I started working for 23 and a half years. I have no debt owning to banks or financial institutions.

According to CNBC report, at the end of 2016, there were 10.8 million millionaires in the United States. There were reports that millionaires are now the new middle class. The statistic reported that there were 323.1 million Americans in 2016. Meaning that millionaires only form 3.34% of individual Americans in the United States.