How is life as a doctor in Singapore?

Originally Posted by Unregistered

I think you are lucky to be born in the right era in Singapore.
Nowadays if your monthly household income for couple is 7.5k, you will struggle even in daily expenses, let alone consider landed property.

Median household income nowadays is around 5.1k (so couple is 10.2k), even with that income, I think wil struggle with condo

Our HHI prob about S$13k plus after considering CPF, annual bonus and share options, rental and US shares and dividends. So not really S$7500 and will be S$17k after getting full reg.

But it is tough, hardly any savings every month now cause I am not that frugal. And somehow always have unexpected expenses every mth. Having 2 boys also is a big cost as have to buy them Apple handphones and PCs and laptops and a 9k invaslign braces for my elder son (ouch).

That's why decided to invest in landed for its property appreciation potential.

Originally Posted by Unregistered

I think you are lucky to be born in the right era in Singapore.
Nowadays if your monthly household income for couple is 7.5k, you will struggle even in daily expenses, let alone consider landed property.

Median household income nowadays is around 5.1k (so couple is 10.2k), even with that income, I think wil struggle with condo

But u r right, lucky to be born in an earlier era. The baby boomers before me even better. My dad with only P6 equivalent Msia qualifications could support a family of 5, let me and sis go to uni and let my mum be a housewife with comfortable retirements fundsmafter he left.

It is getting tougher with each generation now.

Hence, I hope I can use my landed proceeds to help my 2 boys in future.

Originally Posted by Unregistered

Our HHI prob about S$13k plus after considering CPF, annual bonus and share options, rental and US shares and dividends. So not really S$7500 and will be S$17k after getting full reg.

But it is tough, hardly any savings every month now cause I am not that frugal. And somehow always have unexpected expenses every mth. Having 2 boys also is a big cost as have to buy them Apple handphones and PCs and laptops and a 9k invaslign braces for my elder son (ouch).

That's why decided to invest in landed for its property appreciation potential.

I meant if you only have a household 7.5k salary now, or even the median of 10.2k/couple, you will struggle to buy any private property. Day-day living will also be hard. Let alone buy US shares/landed/invest.
Lucky in the sense that you managed finances well in your early years, in an era where property was more affordable.

Originally Posted by Unregistered

I meant if you only have a household 7.5k salary now, or even the median of 10.2k/couple, you will struggle to buy any private property. Day-day living will also be hard. Let alone buy US shares/landed/invest.
Lucky in the sense that you managed finances well in your early years, in an era where property was more affordable.

But I don't think private property is meant for the median income. Our income is above median, hence can afford private property.

Thanks, it is a combination of luck, and God's blessing that we managed our finances well.

Specialists of salary sg forum, would you mind sharing your specialty, position and approximate total compensation?

Trying to create better transparency and give juniors more info to work with

Reposting for visibility

Originally Posted by Unregistered

Specialists of salary sg forum, would you mind sharing your specialty, position and approximate total compensation?

Trying to create better transparency and give juniors more info to work with

Reposting for visibility

Pediatrician currently in private practice at TMC. Roughly around 800k pa. 12 years of experience including 7 years at KKH

Originally Posted by Unregistered

Specialists of salary sg forum, would you mind sharing your specialty, position and approximate total compensation?

Trying to create better transparency and give juniors more info to work with

Reposting for visibility

bond breaker, ex-gen surg. resident
Made the dive to aesthetics 10 years ago and never looked back
Making millions in profit yearly but only drawing a maintenance salary of 200k (co-owner of an aesthetics group)

Originally Posted by Unregistered

Pediatrician currently in private practice at TMC. Roughly around 800k pa. 12 years of experience including 7 years at KKH

Thats great to hear. If you had one piece of advice to your younger self what would it be?

Originally Posted by Unregistered

Specialists of salary sg forum, would you mind sharing your specialty, position and approximate total compensation?

Trying to create better transparency and give juniors more info to work with

Reposting for visibility

1st year Emergency medicine AC in restructured hospital.

Im guessing around 250k.with some inhospital locums push to 300k.

shocked by the paeds person in TMC

Originally Posted by Unregistered

1st year Emergency medicine AC in restructured hospital.

Im guessing around 250k.with some inhospital locums push to 300k.

shocked by the paeds person in TMC

Honestly not that shocked. Thats singapore private practice for you + a lot of people are willing to fork money out for their children