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How much do you earn and save?

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  #331 (permalink)  
Old 07-03-2022, 10:25 PM
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They are not. But how ungrateful are you if you donít recognise the fact that your parents not only invested money, but also sacrificed time and effort in moulding who you are today. OP has a stable job, $170k net worth, but gives his parents $6/day while living rent free.

To each itís own, but thatís just morally unacceptable to me. How long more will your parents have left? Do something that makes them happy lah - be it allowance so they no longer have to work so hard, fancy meals every month/fortnight, gifts etc.
You probably come from a poorer background to be so dogmatic about this. Here's some perspective.

For most of us millenials, our boomer parents made literally millions while riding the wave of growth that swept Singapore during LKY's time right through to the early 2000s. Not only did their businesses prosper, the houses that they bought years ago for money that would buy only a HDB flat or small condo today are now worth many millions. Money is completely no issue to them now and us kids earning $4, 5 or even 10k really pitiful to them, especially considering the cost of homes and living today.

Thankfully, my parents see the lack of reward for the hard work of the younger generations and feel sorry. They told me to stop at $300/mth and give no more. I am forever thankful for their thoughtfulness and give them more whenever I can, especially when there are bonuses or promotions.

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  #332 (permalink)  
Old 08-03-2022, 08:30 AM
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You probably come from a poorer background to be so dogmatic about this. Here's some perspective.

For most of us millenials, our boomer parents made literally millions while riding the wave of growth that swept Singapore during LKY's time right through to the early 2000s. Not only did their businesses prosper, the houses that they bought years ago for money that would buy only a HDB flat or small condo today are now worth many millions. Money is completely no issue to them now and us kids earning $4, 5 or even 10k really pitiful to them, especially considering the cost of homes and living today.

Thankfully, my parents see the lack of reward for the hard work of the younger generations and feel sorry. They told me to stop at $300/mth and give no more. I am forever thankful for their thoughtfulness and give them more whenever I can, especially when there are bonuses or promotions.
And hereís some more.

1. Most millennials donít have parents who made millions.

2. My parents have a net worth of >$4m (lucky that I am in an above average household) & and they didnít ask for allowance. That said, I myself know itís a sin to give anything less than $6/day (especially if Iím still living rent free despite holding a FT job).

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  #333 (permalink)  
Old 08-03-2022, 08:51 AM
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And hereís some more.

1. Most millennials donít have parents who made millions.

2. My parents have a net worth of >$4m (lucky that I am in an above average household) & and they didnít ask for allowance. That said, I myself know itís a sin to give anything less than $6/day (especially if Iím still living rent free despite holding a FT job).
I hardly know any millenial peers whose parents aren't millionaires (yes there's one or two who aren't) hence my impression that younger boomers who made millions are in the majority.

Funnily, with the info you shared on your background, you are only adding support to my (admittedly non-scientific) impression that I had all along.

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  #334 (permalink)  
Old 08-03-2022, 11:46 AM
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I hardly know any millenial peers whose parents aren't millionaires (yes there's one or two who aren't) hence my impression that younger boomers who made millions are in the majority.

Funnily, with the info you shared on your background, you are only adding support to my (admittedly non-scientific) impression that I had all along.
Anyone with a brain knows that most millennials do not have parents who made ďliterally millionsĒ.

Anyway, to each itís own. Guess you are fine with giving your parents a combined $6 a day which is less than mcd hourly pay. All while holding a FT job, living rent free (and potentially having your meals covered as well Iím guessing).
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  #335 (permalink)  
Old 08-03-2022, 01:29 PM
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Anyone with a brain knows that most millennials do not have parents who made ďliterally millionsĒ.

Anyway, to each itís own. Guess you are fine with giving your parents a combined $6 a day which is less than mcd hourly pay. All while holding a FT job, living rent free (and potentially having your meals covered as well Iím guessing).
wah. if give $6 a day, his parents can barely share one McDonald upsize meal
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  #336 (permalink)  
Old 08-03-2022, 01:44 PM
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I guess I'm the only one here who gives his parents money out of pity rather than anything else lol my parents did nothing for me growing up, I was thrown at some kindergarden till primary 3-4 and practically did everything myself. ( wash my own clothes, buy food, learn how to take the bus, travel to school, buy books, uniform, etc )

im pretty sure my parents were just dumb boomers. no brain. dunno how to use condom or something, maybe it was an accident...

parents who have kids yet do nothing to look after them and raise them well are scums.

give your parents whatever amount of money you want. i dont know your situation so i wont judge, i just assume your parents did nothing for u so u dont give them much or u give them a lot because u pity your trash parents.
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  #337 (permalink)  
Old 08-03-2022, 01:46 PM
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the other day my friend told me some sinkies look at having kids as an investment.

what a fking joke, i couldnt believe it.

do these retard parents think that kids are stocks? u just have kids and HODL?

lmao no wonder some kids grow up to be useless and depressed.
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  #338 (permalink)  
Old 08-03-2022, 02:47 PM
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Anyone with a brain knows that most millennials do not have parents who made ďliterally millionsĒ.

Anyway, to each itís own. Guess you are fine with giving your parents a combined $6 a day which is less than mcd hourly pay. All while holding a FT job, living rent free (and potentially having your meals covered as well Iím guessing).
I'm simply saying that I won't judge the sum that people give.

I am in my mid 30s, married and living in my own place, paying mortgage and bills, not imposing on them. They have more than enough and request only a token sum as a gesture of giving.

I stand by my observation that the majority of millenials known to me have parents who made wealth that few in our generation will ever come into. In fact, in primary school most classmates lived in landed homes or to a smaller extent condos, and I did not realise till many years later that HDB flats were a common form of housing. Even when I did, most of them whom I knew retired at least as a millionaire.

The children of our generation will not be able to say the same of where most of their classmates live, or the wealth of their parents.
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  #339 (permalink)  
Old 08-03-2022, 02:54 PM
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To add another anecdote, when I was in primary 5, I visited a classmate's home, which was a 3 room HDB flat. It was the first time I saw anything like it and shared it with my parents when I got home. Later on when he visited my place, they were filled with so much pity for him that they gave him $200 in ang pow to help out.

Today, I find myself living in a 2 bedroom apartment, similarly sized to a 3 room HDB flat. No one pities me and I pity no one living in a similar type of home. That's certainly proof of how the average standard and expectations of wealth and poverty have changed!
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  #340 (permalink)  
Old 08-03-2022, 04:16 PM
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To add another anecdote, when I was in primary 5, I visited a classmate's home, which was a 3 room HDB flat. It was the first time I saw anything like it and shared it with my parents when I got home. Later on when he visited my place, they were filled with so much pity for him that they gave him $200 in ang pow to help out.

Today, I find myself living in a 2 bedroom apartment, similarly sized to a 3 room HDB flat. No one pities me and I pity no one living in a similar type of home. That's certainly proof of how the average standard and expectations of wealth and poverty have changed!
ahahahahaha

you are so delusional. seek help. its the crazy imaginations in life that will destroy you.
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