How much are you earning per annum?

42, FMCG Management
Annual employment income of 730k
Annual passive income of 110k

47, Education related.
Annual employment income approx 1m+
Annual passive income approx 200-300k depending on investment returns

Compared to the high earners here, I am a very low earner.

I'm 48 and only earning $50k pa.

My home is paid up. Worth $400k.

Either I work until 70 before I retire or I retire overseas.

Age 38+
Full-time Job: 330k pa (Cloud Computing)

Part-time Forex Investment: 200k - 500k per month (Depending on how hard i work for it)

No property, no liabilities

Dont know which is worse. Delusional posters with fictitious salaries or senior bankers earning $14k pm but living beyond their means.

Originally Posted by Unregistered

Dont know which is worse. Delusional posters with fictitious salaries or senior bankers earning $14k pm but living beyond their means.

just read everything posted here with a pinch of salt lol

Originally Posted by Unregistered

Compared to the high earners here, I am a very low earner.

I'm 48 and only earning $50k pa.

My home is paid up. Worth $400k.

Either I work until 70 before I retire or I retire overseas.

If you are single and has no dependents, then no need to worry.

You can actually retire NOW!

You can rent our your home for $2k pm or $24k pa. The convert to RM or Baht, depending where you want to retire.

If you want to retire in Malaysia, you get RM75k pa. This is a lot of money for a single retiree.

You can rent a two bedroom condo in KL for RM1000 pm or RM12k pa. Car and food is also cheap.

You don't have to work until you are 70 or 80.

Enjoy your retirement, old man.

Originally Posted by Unregistered

I am doing that now. Am in my 40s now, happily retired in KL, doing freelance teaching, blogging to occupy time. Rented out both condo in Singapore, after deduct loan, we net about $3k per month, RM9k for us to use in KL.

1 Restaurant meal in a atas mall for 4pax = RM90
Assuming we eat restaurant meal everyday twice a day = RM180 (this is crazy as will damage health, but someone posted it is pathetic to eat homecooked everyday). 1 month

No need for car, as we stayed next to KLCC LRT, malls, supermarket, cinema, parks everything are walking distance. If we need to travel, we take uber or grab, cost us about RM20 to travel to as far as the Curve. So lets say we go far out for 2 times a week, RM320 on grab/uber. Can save even more if we use LRT., but lets leave it at grab/uber.

Staying in a fully-paid luxurious condo, our condo in Singapore looks like public housing compared to KL condo, we have concierge, aircon huge lobby (like hotel), many layers of security (safer than in SG), sauna, gym, huge pool, baby pool, kids room, music room, 2 parking lot etc. Monthly fee RM400. Plus utility, total RM1000.

SO, total for above 3 big-ticket = RM5400 (Restaurant) + RM400 (transport) + RM1000 (utility) = RM6800. We still have RM 2200 to spend every month on excess like outpatient (fully insured hospital plan in Singapore), travel etc.

Life is good here in KL, but PLEASE dont come here, we dont like it to be full of Singaporeans to drive up the cost. Yes, its dangerous here, so pls remain in SIngapore ok.

Win liao lor Malaysian can come SG work but SGeans cannot go Malaysia retire?

middle income couple, 50 & 51.
total income in 2016, $187k combined.
condo is worth $950k, paid up.
we save $35k pa.
total net worth $1.7m (condo, cash, cpf and stocks).
retiring in 5 years time at 56.

Originally Posted by Unregistered

middle income couple, 50 & 51.
total income in 2016, $187k combined.
condo is worth $950k, paid up.
we save $35k pa.
total net worth $1.7m (condo, cash, cpf and stocks).
retiring in 5 years time at 56.

Both of you are a successful power couple because you own a fully paid condo at a young age of 50. Your combined net worth of $1.7m is well above average. You can easily afford to retire in 5 years time.