Salary.sg Forums - View Single Post - How much are you earning per annum?
View Single Post
  #8709 (permalink)  
Old 10-10-2015, 02:31 PM
Unregistered
Guest
 
Posts: n/a
Default

You should work harder. Your net worth of just $2.5m each is not enough to retire. You must each have $5m of net worth or $10m of total net worth to retire. You can quit your current company and move to a company that pays you more, at least $30k pm or $500k pa. Don't retire so early. Retire when you reach 75. You can retire comfortably at 75 and if you die at 80, you can leave behinds millions to your children.

Quote:
Originally Posted by Unregistered View Post
Don't get all upset about this. You don't have to believe anything here.

The fact is that we don't really feel rich. I have posted about this before, somewhere, among the thousands of postings in this forum.

The reason being that the wealth is all invested - in shares, properties, CPF, FDs, bonds and single premiums insurance, and the 2 cars. As a result we hold very little cash in our regular banking accounts. At most, on pay days the amount may hit $80k to 100k. On bonus months or dividend paying months (especially in May and August) the amount may cross $150k. We will then reinvest the excess leaving about $50k for emergency expense.

Someone posted about earning $1000 a day. Looking at our income, including the passive income, we averaged (combined) about $1370 per day.

As we don't feel that we are rich, our lifestyle has not changed much since the day we got married. The only indulgences we gave ourselves are to have a car each, live in a condo and have the annual holiday. That's about it.
Reply With Quote