Just go at your own pace. Don't care about the rest.

Programmer

31M
Take home 29k
Cpf 2k
Parents allowance 1.5k
Food paid mostly by company
Transport work from home
Tech company.

Can consider switching soon for a higher salary? 2.5 a month at 31 is really quite low. How long you been working for?

his 29k is per month, not per year

Oh, then waste my time replying sia all these fake posts

You poor doesnt mean people have to be poor also brother. Why so salty? Work on yourself lah

Salty cannot meh.
Must always be sweet sweet ah

wait why is it fake

You ownself loser don't think other people cannot have higher pay than you. Cecaland uptron diploma can command 60k a month, of course local NUS degree which is higher ranked can command higher than that. If cannot you might as well take advantage of CECA pact to go study in India to upskill yourself.

I earn alot.
I save alot.
I spend alot too.

I guess I'm just alot

60k per month quite low bro.

But now you earning 0 bro. People in local u already taking 2.5k traineeships bro.

LOLLL kum gong people here

How is cpf 2k ? I thought max salary cap at 6k only? Hmm... 29k per month at 31 years old is really hard to believe. If a company hire you for 29k, he can better choose to hire 2 to 3 above than average programmers already. Even for a managing director working more than 20 years may not even reach 29k per month. I do not believe this post.

- from a programmer.

if anyone earns 29k and gives his parents 1.5k, he deserves to be shot LOL

Where got. We just hired a fresh grad 4.3k Web programmer.
But he abit CMI, don't know javascript don't know css.

I think he's just a basic generalist programmer. Just know how to write functions.

Your company sibei kum gong leh.

Most of my friends (2nd upper also have) are all on traineeships you stupid until hire a web programmer with no working knowledge of javascript and css

It's not like we hire a bunch. It's just ONE in a team of FIVE.
The interviewee showed us a Web he designed le. But we begin to realised it might have been a prokect work and he's just showcasing other people work

LOL.

Anyway if he can't do. 3 months probation I think our company will terminate

I wasn't earning so much when I first started at 25 in tech industry. I was at 2.9k base pay with comms.

Then I went for intense certifications and have a specialised skill in the tech industry that you can hardly find across asean and asia. That led to several rounds of promotion.

Now I do regional managing a team in a global mnc. To be frank, the pay is quite average considering the tech boom because of the pandemic. Likely to jump to another company soon to get 38-45k sgd per month. Better earn it now if not no more chance to earn next time. Never know.

take home = 4k
cash savings + endowment + investments = 2.2k
parents allowance = 1k
food + transport = 450
insurance = 60

btw, saw on the thread that someone said to maximise income. Just wondering how we can do that, especially for fresh grads?

My advice is spend more time and money on improving your salary potential. Straightforward stuff like getting professional certs, learning more about your industry, network, know what your colleagues are doing.
Money not just for courses, but join events and even cater some budget for coffee chats. I used network using linkedin, find someone interesting and invite them for coffee/lunch.
Then do spend some time, even without money, on your personal development; like health and fitness, side hobbies. Many of my model managers and executives still look sharp at their 40s/50s, with interesting hobbies too.

So the goal is to upgrade your image, so people will perceive you as a potential managerial material. Of course, your work performance must be solid. And naturally, people will want you in higher positions, and higher pay will follow. No need to chase for it.

IMO, that's a better use of time than focusing on investments and side hustles.
And it did work well for me

Savings
 

Total income around 50 k average a month since last year

Save: $45,000 every month
On track to becoming a millionaire

I'm currently 32 y/o male, Married with 2 kids

I used to be a pond scum (quote from wolf of wallstreet) engineer in the construction industry drawing a 3 k salary at the age of 25.

Explosion came when I obtained the holygrail in the industry and went into doing business, and learn how to make deals. I went from 5k a month salary to a parabolic curve of avg 50 k a month now, only took me like 6 months to climb to current levels. I still cannot believe I am making so much now. The best part is I am super good in investments as well, bought in US equities in the market crash of april this year and had 300% returns till date. Believe me I am no troll.

I used to read these forums when I was drawing very low salary, and was thinking how on earth some others can make so much, I used to think those braggarts were just ********ting as well. When I make this much myself, I realised there are actually tons of very rich guys making a boat load of money whom have been quietly flying under the radar.


Everything is surreal and I must have done something really good in my past life. I wish all other members all the best and I hope I can do something in return to the community one day.

army regular
take home = 4.8k
parents allowance = $500
food + transport = $300-500 (estimate, usually eat at home)
insurance = none yet, haven look into it, probably should but too lazy.

investment = usually about 2k -3k each month

rest go into saving account.
no car, no house, single :<

Teach me pls.

2 years after uni. I’m still a pond scum at a bank drawing ~90K (max 120K with bonus) per annum.

is this FO? seems too high for BO but low for FO too

Which bank

31M
Income >> 9k/month
Salary 8.5k/month
Dividends 0.5k/month

Expenses >> 4k/month
CPF 1.2k
Parents 0.8k
Taxes 0.25k
Bills 1.75k

Net Savings >> 5k/month
*excluding bonuses which also go into savings

Working in Finance/IT

So I find you interesting. Can I know you ?

FO, BB.

I am at a S&T desk with a TMT group. Went in straight from an analyst grad programme.

I don’t know whether people inflate their salary but this is what I’m earning.

You sure you at a BB not? Why so low one even with 2 years exp

Wrong dept? Poor performance? Beats me, my fellow batch analysts more or less are in the same pay bracket.

Comp package in my BB have largely been skewed against junior analysts. The pay jump will only happen after making associate which is typically on the 3rd year. Even so, there is a region-wide freeze on promotions.

I have no reason to lie.

Which bank? Know a couple of top-tier BB FO fresh associates (promoted around Aug/Sep), they didn’t mention a promotion freeze

Promotions at junior pay tiers still do happen for first/second year analysts.

But I highly doubt anyone made the jump to Associate (excluding MBA hires). Well not at Deutsche and BofA anyway.

sounds like ubs

Wow lots of people here making 40k a month. I'm just a poor pleb.

I'm a fresh grad, full time job as a business analyst in MNC. 4.5k base with 3.6k take home. I teach tuition part time on weekends with average monthly income of 1.5k.

So in total
Take home: 5.1k
Insurance: 300
Monthly expenditures: 800
Investments: 3k
Net savings: 1k

Annual fixed bonus of 3 months which I entirely save and invest.

into my 5th year of work at 29, earning early 5k+, and trying my best to save and invest aggressively at about 80-85%(cpf included) of it for these first few years because I am gunning real hard for FIRE before 40. investment portfolio at about 400k today

From one bro to another, just don't get a gf if not cash flow tight....

yea words of wisdom, which was what i realised 2 months ago. i dont have to rush to get a gf, if she comes by it's great and a bonus, if not, it's even better for my wealth building. But eventually maybe after 1-2years, i can be more relaxed and save much lesser, since my initial goal was to get a strong foundation the first few years for it to compound into the future.

Is Covid creating more job opportunities for Singaporeans to be employed?
 

Is Covid creating more job opportunities for Singaporeans to be employed?

According to current MOH statistics, we are still importing a large majority of Covid cases (including the more infectious strains) from India, in part due to the CECA agreement with India, which at the time of writing is the SECOND HIGHEST infected country in the world. This indirectly leads to more healthcare demand and create more healthcare jobs for locals!

CECA is thus creating more job opportunities for us, by increasing our local Covid numbers and ensuring doctors and nurses WILL NOT be out of jobs!

Further, increasing CECA flights to Singapore will also help stress test our world class healthcare system, by ensuring the Second Covid Wave will not happen from an imported foreign Covid case.

Therefore, importing more CECA EP and WP foreigners to our booming local economy is a good thing for Singapore because any Covid infection they can bring helps create more jobs for Singaporeans. Agree?

Cases for 15 Jan 2021: s://imgur.com/lWcBvqD