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How much should i be earning at 30

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  #1 (permalink)  
Old 15-01-2025, 05:14 PM
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Default How much should i be earning at 30

How much should you be earning at the age of 30 in Singapore?
my peers are earning way more than i do and i feel really depressed.

One of my peer even got a bonus of 200k worth in the form of cryptocurrency coins.

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Old 15-01-2025, 08:43 PM
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this question is pretty stupid and as useless as saying

"my friends are prettier than me, im so depressed"

listen,

you want more money? work on yourself, get a better paying job. it's a skill issue.

you want to look good? go gym, plastic surgery, etc.

you want to be less depressed? go see therapist.

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  #3 (permalink)  
Old 15-01-2025, 11:17 PM
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Go by years of experience and industry, not just age...

I don't know what field you're in, tech? finance? hospitality? medicine?

I don't know how many years you've been working, for all I know maybe you graduated at 28 and got a job at 29 so you've only worked a year. I wouldn't tell someone who has only worked a year that he / she should be earning 8k+ at 30.

In general,

After 5 years of working, you should be around 7-8k.
After 10 years, hopefully 10k.

If you're at 4-5k after 5-10 years of working, your job sucks or you work at a really dogshit industry. Consider changing.



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  #5 (permalink)  
Old 16-01-2025, 01:22 PM
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Just some advice from someone who was in your shoes.

1. Don't compare.

Life is not fair so whether you get a big salary or a small one is not really reflective of you.

Some people can get high paying jobs not because they are competent but because they look competent and know the right people. Some have strong family background. Some just are super lucky. Of course, there are also people who are competent and got there through effort, but main point is nothing is apple-to-apple so don't stress yourself out by comparing.

2. Wealth, not income.

The income is important but the most important is wealth. You can earn however much you can get but end of the day, whether you will be able to retire early or retire at all is based on what you actually have when the job is no longer there.

If you let lifestyle inflation creep up on you, you will have a hard time when you lose the job or retire.

3. Data

This forum is honestly not the best place to ask such questions because a lot of people are just going to toss anedoctal data that may or may not even be real. There is also some level of biasness since people like to show off.

Using the "comparison" tool will be better since the data is based on MOM reports.

4. Experience and stress

Like some of the earlier posts mentioned, experience and industry matters. So, again back to point 1, you cannot really get an accurate apple-to-apple comparison.

So, just work on yourself and don't dwell too much on this.

Also, remember that the more you earn, the more stressful and demanding the work will get and at some point, you might actually be earning less money per hour (when you factor in all the overtime).
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Old 19-01-2025, 12:22 AM
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Quote:
Originally Posted by Unregistered View Post
Just some advice from someone who was in your shoes.

1. Don't compare.

Life is not fair so whether you get a big salary or a small one is not really reflective of you.

Some people can get high paying jobs not because they are competent but because they look competent and know the right people. Some have strong family background. Some just are super lucky. Of course, there are also people who are competent and got there through effort, but main point is nothing is apple-to-apple so don't stress yourself out by comparing.

2. Wealth, not income.

The income is important but the most important is wealth. You can earn however much you can get but end of the day, whether you will be able to retire early or retire at all is based on what you actually have when the job is no longer there.

If you let lifestyle inflation creep up on you, you will have a hard time when you lose the job or retire.

3. Data

This forum is honestly not the best place to ask such questions because a lot of people are just going to toss anedoctal data that may or may not even be real. There is also some level of biasness since people like to show off.

Using the "comparison" tool will be better since the data is based on MOM reports.

4. Experience and stress

Like some of the earlier posts mentioned, experience and industry matters. So, again back to point 1, you cannot really get an accurate apple-to-apple comparison.

So, just work on yourself and don't dwell too much on this.

Also, remember that the more you earn, the more stressful and demanding the work will get and at some point, you might actually be earning less money per hour (when you factor in all the overtime).
Hello stranger, thank you very much for your advice. I was feeling really down, but your advice made me feel better.


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