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are visitors of Salary.sg mostly affluent people?

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Old 15-10-2011, 12:46 PM
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Default are visitors of Salary.sg mostly affluent people?

I noticed that whenever someone post something like they earn $4-5k when they are in their late twenties or thirties, there would be someone who proclaimed that these earning are below average.

But I check the calculations at Salary.sg and Income IRAS, and noted that actually by earning $4-5k at about 30 yrs old are somewhat at the top 10% of their cohort! And I have not taken into account their bonuses and allowances.

So is it based on personal experience that the remarks are made?

And I see these posts quite common in Salary.sg.

These, in turn, pointed out that the people who commented are earning even higher, maybe top 5% of their cohort. Wow!

Actually, at age 30, the average income is somewhere at $3500 (including bonuses)

As such, am I right to say that most of the visitors in this forum are affluent in wealth, education? Or else, they got submarine cables that enable them to have networks in order to climb the corporate ladder.

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Old 15-10-2011, 02:43 PM
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Quote:
Originally Posted by xtrasaver View Post
I noticed that whenever someone post something like they earn $4-5k when they are in their late twenties or thirties, there would be someone who proclaimed that these earning are below average.

But I check the calculations at Salary.sg and Income IRAS, and noted that actually by earning $4-5k at about 30 yrs old are somewhat at the top 10% of their cohort! And I have not taken into account their bonuses and allowances.

So is it based on personal experience that the remarks are made?

And I see these posts quite common in Salary.sg.

These, in turn, pointed out that the people who commented are earning even higher, maybe top 5% of their cohort. Wow!

Actually, at age 30, the average income is somewhere at $3500 (including bonuses)

As such, am I right to say that most of the visitors in this forum are affluent in wealth, education? Or else, they got submarine cables that enable them to have networks in order to climb the corporate ladder.
That means if you visit this site more often, you'll be as affluent too! I learn this reasoning logic in school.

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Old 15-10-2011, 06:07 PM
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Quote:
Originally Posted by xtrasaver View Post
I noticed that whenever someone post something like they earn $4-5k when they are in their late twenties or thirties, there would be someone who proclaimed that these earning are below average.

But I check the calculations at Salary.sg and Income IRAS, and noted that actually by earning $4-5k at about 30 yrs old are somewhat at the top 10% of their cohort! And I have not taken into account their bonuses and allowances.

So is it based on personal experience that the remarks are made?

And I see these posts quite common in Salary.sg.

These, in turn, pointed out that the people who commented are earning even higher, maybe top 5% of their cohort. Wow!

Actually, at age 30, the average income is somewhere at $3500 (including bonuses)

As such, am I right to say that most of the visitors in this forum are affluent in wealth, education? Or else, they got submarine cables that enable them to have networks in order to climb the corporate ladder.
Ha, you have found the right and possibly only honest person here to tell you the truth! Those clowns here who keep posting messages like those telling you that you are below average in earning power are talking non-sense...they wanna talk up their own wealth and belittle others so that they can feel better.....miserable losers. Let me tell you: the real big time earners dont go around telling others about their incomes in this kind of forums.....

Btw, earning $4-5k/month at age 30 plus throw in 3 months bonuses would put you in the top 18.7% of income earners in your cohort....based on the tool.

I would say this is pretty decent data....of course there would be the odd man out earning more than $10k/month at age 30 which would put him in the top 1% of the cohort...but these are far and few in-between.....certainly not as common as the clowns here keep on trumpeting about.....I bet you he would not be in this forum.....he is too busy making money

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Old 15-10-2011, 06:18 PM
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https://forums.salary.sg/17208-post36.html

someone in that link state that getting $4700/mth is consider low after 4-5 years exp if staring working from fresh grad....

for me
grad in 2007 NTU engineering
Job: engineer with my 1st job, 29 age male
up to now is 4 years +
basic only 3.7k
annual(inclusive aws, bonus) = 60-62k
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Old 15-10-2011, 08:13 PM
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are you really sure that everyone reports ALL of their income to IRAS?


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Old 16-10-2011, 02:35 AM
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are you really sure that everyone reports ALL of their income to IRAS?
yo, most people are employees and most companies have auto-inclusion thing with Iras. you can't run away. at most you will have that extra $300 tuition fees per month. what else? rent out a room for $1k?
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Old 16-10-2011, 09:56 AM
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billionaire steve jobs claim to earn $1 per year. how much tax does he pay?

tax on bonuses, allowances, dividends, rental income, profits from non-sgd trading... the list goes on if u're creative enough
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Old 16-10-2011, 10:49 AM
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It is entirely possible (and quite common actually) for a graduate to earn 5k in early thirties, before bonus. I am one of them. Just another 2nd upper local grad engineer.

Still, I am a loser compared to the lawyers, traders and bankers. The earning curve gets steep beyond the top 10%.

Probably, people who are competitive and concerned about their income gravitate towards this forum. The visitor profile here is probably very skewed towards the higher earners. Of course, there may be some big talkers bluffing about their income as well, but who knows?

I use this forum to motivate myself to think of ways to earn more money.
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Old 16-10-2011, 12:02 PM
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Quote:
Originally Posted by Unregistered View Post
It is entirely possible (and quite common actually) for a graduate to earn 5k in early thirties, before bonus. I am one of them. Just another 2nd upper local grad engineer.

Still, I am a loser compared to the lawyers, traders and bankers. The earning curve gets steep beyond the top 10%.

Probably, people who are competitive and concerned about their income gravitate towards this forum. The visitor profile here is probably very skewed towards the higher earners. Of course, there may be some big talkers bluffing about their income as well, but who knows?

I use this forum to motivate myself to think of ways to earn more money.
then how old are you now?
how many years of working exp?
Is this your 1st job since grad from university?
In which line of engineering are you in (aviation/marine/electronic/oil n gas...?)
Private or government sector?
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Old 16-10-2011, 12:32 PM
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Quote:
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It is entirely possible (and quite common actually) for a graduate to earn 5k in early thirties, before bonus. I am one of them. Just another 2nd upper local grad engineer.

Still, I am a loser compared to the lawyers, traders and bankers. The earning curve gets steep beyond the top 10%.

Probably, people who are competitive and concerned about their income gravitate towards this forum. The visitor profile here is probably very skewed towards the higher earners. Of course, there may be some big talkers bluffing about their income as well, but who knows?

I use this forum to motivate myself to think of ways to earn more money.
I do not think you are a loser in comparison. Its just that the salaries of the bankers and lawyers are so inflated that it makes the majority (90%) of others in the workforce look bad. As an absolute figure, you are doing pretty well based on the 'official' government figures. So let's ignore the ridiculously 'high' salaries of others which they simply pluck from the air.

Well. i earn $30K p/m, am only 32. lol...
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