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

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

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..

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

And you should wake up from your slumber.

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

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?

Mine is more modest, 30 years old married

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

ntsGastArches
 

Haha, the two posts; this one and the previous questioning the possibility of earning 1K/mth bank interest -- this is a classic manifestation of wealth divide. The guy on the wrong side of the wealth divide just could not imagine / believe people can earn such interests from the banks.

Like someone once said The rich gets richer, the poor gets clueless.

The fact that normal people straight away assume interest can only come from bank deposits is another sign of clueless

age 36, married. i work as a Manager (IT), wife not working now

our modest passive income:

interest : around $350 per month ($580K in savings account)
dividends : around $750 per month ($160K in reits)
money market account: around $50 per month ($35K in account)

total passive income: $1150 per month

There are a lot of nonsense posts here. Idiots that post nonsense try to defend themselves by saying that normal people cannot contemplate how the rich invest.

The above is a good example of a reasonable post. Everything is detailed and makes sense. Most of the other posts are nonsensical. It's nonsense to talk about rental without talking about mortgage payments and vacancy cost etc. Unless payment was all in cash then that's inefficient.

Pls share reality, not easily discernible fantasies.

iphone apps - $3k
websites - $3k
dividends - $500 (market value of shares $300k)
interests - $500 (about $500k in lousy time deposits)
net income from rental - $1k

job - $30k (together with wife)

not getting rich any time soon.

Working in the logistics line and 39 this year...

stocks and reits = $3900 per month
interest from banks and bonds = $1100 per month
rent from HDB = $2400 per month
annutities = $900 per month

You have a lot of cash. too much? I.e. $740k. Can easily down a pty? Me, small stand-by cash left after downing and staying in private. Passive: $2,500 from HDB. full-stop.

Rental income $16k
FD interest $1.2k
Dividends $4k

36 years old, banker

rich! give others a chance please.

i already have a double-storey freehold terrace (for own stay, not to rent out). not keen on adding an investment property now as the ones which i am interested in are quite expensive.

Since your wife is not working and you pay isn't super high (I assume), can I say that part of your wealth comes from "old money"? IE, inheritance.

currently i make around $200K per year. my wife used to make $100K before stopping work 1 year back.

just like most people we started working with < $1K in bank account and no financial gifts from parents or inheritance.

however, we did save hard and instead of stating off with a Hdb like most poeple, we took quite big loans to leverage on property in 2003 and 2009 when not many people buying, and selling off in 2007 and 2011. right now demand for property is strong, so i prefer to stay out.