How much passive in come do you have and what is its source?

Chikade · #1 (**permalink**) 09-01-2013, 02:31 PM

Just curious how people manage to create passive income. I assume most Singaporeans would have such income from property rental, but maybe there are other common sources?
When replying, please state:

1) How much passive income per month you generate
2) What is its source(s)
3) What is your age and profession

tnx

#2 (**permalink**) 09-01-2013, 02:41 PM

Condo rent - 7k / mth
Dividend - 5.5k / mth
Interest - 1k / mth

40 yrs old, working as project director.

#3 (**permalink**) 09-01-2013, 09:43 PM

Quote:

Originally Posted by Unregistered

Condo rent - 7k / mth
Dividend - 5.5k / mth
Interest - 1k / mth

40 yrs old, working as project director.

interest (i assume from bank) 1k p.m eh. think you better go to bed. its' past your bedtime..

#4 (**permalink**) 09-01-2013, 10:09 PM

Quote:

Originally Posted by Unregistered

interest (i assume from bank) 1k p.m eh. think you better go to bed. its' past your bedtime..

1k/mth needs about 1m. Is that very out of this world?

#5 (**permalink**) 09-01-2013, 11:21 PM

Quote:

Originally Posted by Unregistered

interest (i assume from bank) 1k p.m eh. think you better go to bed. its' past your bedtime..

And you should wake up from your slumber.

#6 (**permalink**) 10-01-2013, 09:53 AM

1k monthly interest is quite common, most rich people dont put money in miserable interest commoner savings or fix deposit account anyway.

For me my monthly passive income is typical singpaorean from a shop house (11k, shared with wife) and a condo (4k)

#7 (**permalink**) 10-01-2013, 02:17 PM

Quote:

Originally Posted by Unregistered

1k monthly interest is quite common, most rich people dont put money in miserable interest commoner savings or fix deposit account anyway.

For me my monthly passive income is typical singpaorean from a shop house (11k, shared with wife) and a condo (4k)

I relak one corner already...

Living on :

Dividends -- 30k pa (fluctuates of course)
Rental -- 40K pa (gross) (staying with parents)

Waiting to reach 55 yrs to take out interest from CPF

CPF interest -- 18K pa

Chikade · #8 (**permalink**) 10-01-2013, 04:52 PM

Wow, I wonder why anybody in Singapore bothers to work, all seem to have 5-digits passive income per month!

Me, zero passive income (interest from savings negligible).
35 year old manager.

#9 (**permalink**) 10-01-2013, 05:15 PM

Quote:

Originally Posted by Chikade

Wow, I wonder why anybody in Singapore bothers to work, all seem to have 5-digits passive income per month!

Me, zero passive income (interest from savings negligible).
35 year old manager.

Work? What is that?

#10 (**permalink**) 10-01-2013, 05:22 PM

Mine is more modest, 30 years old married

Dividends ~2k+ mthly
Small woodlands condo ~2.7k mthly