How is life as a doctor in Singapore?

Originally Posted by Unregistered

Better not get into the property ladder unless you can afford it.

Loan interest is often underestimated and you are locking lots of money into an illiquid asset.

Besides, this forum is about income, not property.

My income comes from my properties...

Just offering an alternative to build wealth faster for those not earning superhigh salary.

Sg land is limited and attracting rich immigrants which is good for property.

I offloaded my prev terrace to a Filipino new citizen and my current condo to China PR.

Originally Posted by Unregistered

Many people have short term memory.

During the Covid years, gp clinics saw a massive drop in business.

Why? Mask wearing and other Covid restrictions resulted in less people getting sick.

Many doctors saw their income drop a lot.

Some even had to take loans to pay for their Pte property loan installments.

Hmm, did not know that.

Locum pay was sky high though during covid.

The old woman talking about property is a joke. She just happened to buy properties during the boom and got lucky. Stop using past data to project future decisions. Don’t think that u can be wealthy on a 7k salary. After the new revisions that’s literally what a MOPEX MO makes. Strive to be excellent and the money will come. As a doctor you should aim to make 30k a month. If in FM make sure to get into owning capital and clinic space or working harder in ur first few years so the money accrued can work for you

Originally Posted by Unregistered

The old woman talking about property is a joke. She just happened to buy properties during the boom and got lucky. Stop using past data to project future decisions. Don’t think that u can be wealthy on a 7k salary. After the new revisions that’s literally what a MOPEX MO makes. Strive to be excellent and the money will come. As a doctor you should aim to make 30k a month. If in FM make sure to get into owning capital and clinic space or working harder in ur first few years so the money accrued can work for you

When I was a MO in NHC my Cardio consultant commented GPs r going to be like dodo birds one day. Now with the advent of AI, that may come true one day.

Originally Posted by Unregistered

When I was a MO in NHC my Cardio consultant commented GPs r going to be like dodo birds one day. Now with the advent of AI, that may come true one day.

That's why passive income is important be it in a business that is self running, rental, dividend, property.

To rely on active income all yr life is dangerous and impractical. You will be burnt out.

Originally Posted by Unregistered

When I was a MO in NHC my Cardio consultant commented GPs r going to be like dodo birds one day. Now with the advent of AI, that may come true one day.

are u a cardiologist now?

Originally Posted by Unregistered

The old woman talking about property is a joke. She just happened to buy properties during the boom and got lucky. Stop using past data to project future decisions. Don’t think that u can be wealthy on a 7k salary. After the new revisions that’s literally what a MOPEX MO makes. Strive to be excellent and the money will come. As a doctor you should aim to make 30k a month. If in FM make sure to get into owning capital and clinic space or working harder in ur first few years so the money accrued can work for you

It is mostly property boom all the time in Sg.

I have had 10 years of earning near 15 k as a locum already. And will earn near 15k soon too.

Yes will not be wealthy relying on savings alone but with property I can be wealthy.

Already gained 600k by buying my terrace based on bank valuation.

Originally Posted by Unregistered

are u a cardiologist now?

No, I am not

Originally Posted by Unregistered

No, I am not

I wanted to be a cardiologist before though but found it too adrenaline pumping a job. Constant palpitations while on the job.

Also wanted to be paediatrician but gave up after caught mcoplasma pneumonia from my patient.

Originally Posted by Unregistered

That's why passive income is important be it in a business that is self running, rental, dividend, property.
To rely on active income all yr life is dangerous and impractical. You will be burnt out.

During the Covid years, rental demand dropped as many foreigners went back home.

Many businesses went under esp those in the F&B industry.

The vaccine and PPE producing companies flourished.

That's why it is important to manage finances well.