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Old 02-12-2015, 09:31 PM
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Default Incredulous

You lead an (should I say) interesting lifestyle for someone whose income varies quite widely (wildly). For how long have you been earning this range of income? And what is your all up net worth and annual expenses? Also you called yourself "uncle", I presumed you are in your late 40s or 50s?

You see, our HH income is $450k to $500k pa and our lifestyle could not be more different. Yes we have 2 properties and 2 cars, but the cars are your regular reliable jap cars. Other than that we lead very simple lifestyle eating at home mostly except for weekends. As such our annual expenses is around $100k-$120k pa.

I guess we come from different backgrounds and moved in different circle of friends.



Quote:
Originally Posted by Mid-class M.K View Post
Came across this forum and like to share some inputs; self-employed

Variable income at 290K-400K annually
Property (ies) 3 condos rented out and 1 residence condo
Car(s) 1 Maserati Quattroporte and 1 E250 Cabriolet
Finance(s) isn't really accurate unless liquidate all properties at book value?
Cpf might have problem to withdraw unless migrate?
Fix-Ds stand at 1M, Savings at 4xxK and T-bills etc. at 500K

This seems to be the norm these days but filled with contentment.

For those who are curious on lifestyle, here is my sharing:

Vacational retreats twice yearly - any country
Dining at casual restaurants almost daily - seldom fine dining
Shopping at malls - not intensely at Paragon or boutiques
Entertainment at bars or ktv lounges - once a month, at most twice
Ciggarette intake pretty light - 2-3 days a pack

Nothing much, just a random guy on the street that you might bump into and he'll apologize in fear of offending elites who yielded million-dollar remuneration packages

Uncle M.K

To the post by Real Person,

Yes, your friend is considerably decent only and rich businessmen won't blink an eye nor will any executives ever consider his proposal. The blatant deception gave away his pole position in manipulating business just by 'facade' factor.

What uncle here can say is that you are in abundance and need not compete with 'rats'. Go ahead and establish your business with blinkers on.

Crudely speaking, what is Gtr? It's merely an ordinary 'sport' car but you are riding on Merc Sbs bus or Volve for older series, no? Hublot watch where anyone can buy with a 2-month salary? Own 2 companies and you can set up another dormant/shell at $1+$315 registration fees? Aggressive holidays and lavish lifestyles with a big fat $0.00 in bank account?

Young man, you are very fortunate to learn people of such statue and by the grace of this virtue, you are bless to divert from such tragic extravagance.

Uncle M.K wish you the best and pardon for the poor language as I didn't undergo formal education


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