How much do you earn and save?

Originally Posted by Unregistered

46M

Income -- 28k/mth
20k day job, 5k side business, and 3k coupons/dividends/interest

Expenses -- 17k/mth
taxes 5k
cards 3k
mortgage 3k
parents 3k
car 1k
bills 0.5k
incidentals 1.5k

Savings -- 10k/mth

If I lose my job, I can cut my expenses down to 6k/mth.

That's a nice income even for a 46yo. In the top 8% level overall. Many people here probably in their 20s and 30s will not come close even when they reach your age.
Can you share your job title and industry you come from?

33m
14.7k per month basic
5-6k per month side hustle
2.5k rental income

Expenditure about 4k per month but mostly going towards mortgage.

Originally Posted by Unregistered

33m
14.7k per month basic
5-6k per month side hustle
2.5k rental income

Expenditure about 4k per month but mostly going towards mortgage.

your side hustle earn as almost as much as my salary... kudos 👍🏻

Originally Posted by Unregistered

That's a nice income even for a 46yo. In the top 8% level overall. Many people here probably in their 20s and 30s will not come close even when they reach your age.
Can you share your job title and industry you come from?

Where did you get the 8% from?

I'm not OP, but a 20k day job could mean banker or sales. Or a semi-high flyer in civil service (but I doubt so, because he/she has a side business, which is unlikely to be permitted in civil service).

Originally Posted by Unregistered

I’m the original poster for post #113.
Still feel like I’m not earning enough and there’s no pay increment for everyone in my company this year due to the economic downturn. Else I would have been earning 4.8k now.
Can’t really find much jobs outside either due to the bad outlook. Anyone any tips on growing wealth?

Dont be so greedy. Material wealth is nothing. Life is impermanent and money as well. By the way, you gave your parents too little. No wonder.

Originally Posted by Unregistered

Dont be so greedy. Material wealth is nothing. Life is impermanent and money as well. By the way, you gave your parents too little. No wonder.

> Material wealth is nothing.

Gong jiao wei la. Easy to say when you are living comfortably. One day when you live paycheck to paycheck then come tell us material wealth is nothing.

Originally Posted by Unregistered

> Material wealth is nothing.

Gong jiao wei la. Easy to say when you are living comfortably. One day when you live paycheck to paycheck then come tell us material wealth is nothing.

Spend less la, dunno how ah? Everyday eat cai png, go home use bus 11, weekend stay at home. Still need people to teach you? Kids these days really....

Originally Posted by Unregistered

That's a nice income even for a 46yo. In the top 8% level overall. Many people here probably in their 20s and 30s will not come close even when they reach your age.
Can you share your job title and industry you come from?

46yo is also a vulnerable age, not as bad as 50s but still vulnerable nonetheless.

Tech industry. I'm the most senior tech person in a mid-sized regional company.

My earning power may have already plateaued. Senior bankers, lawyers and doctors make much more than me, and their staying power (especially the latter 2 groups) are definitely stronger.

In tech, the higher you climb, the less technical (less knowledgeable) you become, which is a liability if you do not know how to play the game well (I'm still figuring it out). In law and medicine, the higher you climb, you're perceived to have more experience and more wisdom/knowledge than your younger colleagues.

If I can last a few more years with such high income, I will be very happy.

30 year old male, unattached, parents working

Salary before CPF - 4k

After CPF - 3.2K

Save (invested since I prefer to make it a bit harder for me to access cash in case I get impulsive) - 2k

Spend 1.2k

35M in public service, single
Monthly salary and expenditure
Salary: 6.9k before CPF
Rent:800
Allowance for parents (total): 400
Tax: ~200
Insurance: 500
Own expenses (food, transport, shopping): 1.5k max
Saving: ~3.5k/mth