How much are you earning per annum?

Originally Posted by Unregistered

30 yrs old 5,300 pm basic + 400 pm allowance + 5 months bonus

Manager with 4yrs 10mths experience.

Why do u have 4 yrs working experience at age 31?

I did a double degree and started work late.

What is 400 allowance? Are you in sales?

Originally Posted by Unregistered

My point is: one must look beyond the present pay. See whether there is longevity in the job, and the company. It is not enough to be earning a high income now but only to lose it 2 years later. Look at whether there is opportunity for career progression. Is your job a dead end one?

It is ok to be earning a lower salary when younger so long as there is job security and career progression in the longer term.

Thanks for your kind advice.

My job is not dead end and my function has alot of mobility across different industries. I think I am likely to top out at 12-14k p.m. at senior manager.

Originally Posted by Unregistered

In my view, job longevity is a thing of the past. We need to make the most of it. Getting paid the most and try to stretch the high salary period as long as possible. There are no iron rice bowl and technology has forced companies to change even more often.

Make hay while the sun shines.

Agree to this - only Germans and Japanese stay long with their homegrown companies.

Singaporeans are stuck somewhere in between for these MNCs, so make the best while we can.

Who know what happens at 45+ onwards.

Home is a posh, nicely renovated 4 room HDB flat (spent $60k on renovations, paid in cash). Now valued at $500k. No more loan on the flat. Two kids in JCs. We are middle income earners, $60k and $80k pa (46 & 50 yrs old). We hope to retire when we reach 60 yrs old. Cash and CPF savings combined, $600k.

Originally Posted by Unregistered

I did a double degree and started work late.

What is 400 allowance? Are you in sales?

I am not in sales. Engineering industry.

$100 handphone allowance and $300 transport allowance.

Originally Posted by Unregistered

a lot of so called foreign talents think like this...

milk as much as possible from Singapore, without developing the local and then continues to enjoy their lives as PR or Citizens once no more income...renounce and head home...

LOL you couldnt have said it better !!

Couple combined income $400k last year. We are in our mid 40s. Fully paid condo $1.2M outskirts. Waiting to buy 2nd property at next opportunity. Just sign up a new car $200k. Life is good.

Originally Posted by Unregistered

Couple combined income $400k last year. We are in our mid 40s. Fully paid condo $1.2M outskirts. Waiting to buy 2nd property at next opportunity. Just sign up a new car $200k. Life is good.

Your combined income is very high, among the top 1% in Singapore. Why not by a GCB at Nassim? Only cost $10m plus. Quite cheap at this time.

Let me share with you the 5 tiers in networth in Singapore. Just 2 weeks ago, there was an article in Business Times on the top 50 wealthiest people in Singapore. The 50th richest person is worth $450M, while the richest person is worth $3.2Bn (combined with his brother) - Ng Teng Fong's sons.

The top 50 richest persons will form the first Tier in Singapore.

Tier 1 : $450M to $3.2 Bn

Tier 2 : $100M to $450M

Tier 3 : $50M to $100M

Tier 4 : $10M to $50M

Tier 5 : $0 to $10M

Tier 6 : below $0 (eg people with student loans, and those who owed loan sharks)

A GCB with minimum 15,000 sqft will cost $15M. Definitely not for a couple earning a measely $400k a year. I know because I earn more, but still cannot break through Tier 1. Maybe when I reach 60 years old, but by then the values would have gone up! Even winning group 1 TOTO also cannot bring you up to Tier 2.

Originally Posted by Unregistered

Your combined income is very high, among the top 1% in Singapore. Why not by a GCB at Nassim? Only cost $10m plus. Quite cheap at this time.

A GCB with minimum 15,000 sqft will cost $15M. Definitely not for a couple earning a measely $400k a year. I know because I earn more, but still cannot break through Tier 1. Maybe when I reach 60 years old, but by then the values would have gone up! Even winning group 1 TOTO also cannot bring you up to Tier 2.[/QUOTE]

The other person is trolling, and you worked hard to answer the troll. 400k is a very very high earning, still that person trolling to show that GCB is not suitable for you.