Originally Posted by Unregistered

The statistics and MOM reports may not lie, but the fact is that there are people who do earn good salaries, very good salaries.

It is like the government keeps telling people that the average lifespan of Singaporeans is going up, but this stats is not important, not relevant to those who are dying.

So yes, while the average income may not be high, there is a good number of high earners. Look at the DBS CEO's 2015 income. It was $10m+. In 2014, it was $9m.

Below him are the many MDs, Senior VPs etc.., each would be earning >$500k pa. And this is just DBS. There are many other banks, many company CEOS, directors, etc...

By the same logic, you just think of the many civil service organizations and agencies. The directors and deputies are all superscale grades each earning no less than $300k pa. And some of these people are only mid 30s.

For myself, I am only a lowly wage earner. I having been investing and trying to generate another stream (passive stream) of income to supplement my salary. Right now the passive stream is giving me $130k pa which helped put me (together with my salary) on par with my boss' income.

That's what we should do.