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I encourage that poster to rethink what he said when all of the sudden two days of reunion dinners seem worth to give up ~$5k a month. |
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Putting into Singapore context, I think a good ball park for a male is $12k a month to afford the things to make life easy for him and his family. Doesn't mean he can't survive on less than that but it means life will be easy. Striving towards $20k then I can agree that he is looking for the bungalow, Ferrari's, night life and fame. |
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Bungalow - $5m. $1m downpayment. $4m over 30 years = 4m / 30 / 12 = $11k. Ferrari - $1m. $500k downpayment. $500k over 10 years = 500k / 10 / 12 = $4k. Night life - $2k per night, Fri and Sat = $2k x 2 x 4 weekends = $16k. Fancy Restaurant every week - $300 per meal = $300 x 4 = $1.2k. That's $32.2k a month. Throw in another $10k a month for other daily necessities. That's $42k a month. You know what, let's round it up to $50k a month. I got a life of bungalow, Ferrari, night life and fame for half of your $100k a month. Yippie! |
I placed it at 100k because you obviously need a sufficient cushion to be able to afford the down payments off many of the stuff you want to buy.
If you think about it, 50k will put you in serious debt because you won't have sufficient savings if something hits. |
Lse
s://sg.linkedin.com/in/rawcliffe-tan-36863594
Lse clementi ftw |
Lse
s://sg.linkedin.com/in/mark-chua-893b3859?trk=pub-pbmap
How come operations classfied as middle office? |
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Hi, I am graduating soon from SIM-UOL with second uppers from a bachelors in business and finance. How much can I expect as salary if I join big banks like DBS and OCBC? Or maybe international banks like JP Morgan? Thanks all.
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