How much are you earning per annum? - Page 1004 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How much are you earning per annum?

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #10031 (permalink)  
Old 27-05-2016, 09:30 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
If you want to buy a new car, buy now. Don't listen to the idiot who said COE will crash to $10k. Anyway, new cars are still very cheap. You can get good new cars at $90k or lesser. $90k for 10 years means only $9k per year to own the car. A HH with median income of $100k would spend only 9% on car ownership. This is cheap. Those with HH income of $200k or more can buy two or three new cars.
I earn 110k annual and driving a b&B japn car, 7 yr old, though its in good condition, I am lusting over a new car. Just a vezel which is less than 90k for a 1yr old.
That is still a depreciation of 9.2k annual, not counting in petrol and bank interest/insurance.

WIth that in mind, its a monthly car bill of $900 to $1000 monthly, which I feel is a huge sacrifice. As such, I am still hoping COE will go down, or else I will renew COE on my existing B&B.

Car bill should be a luxury and not eat into the income needed to feed the family and plans for retirement.

my 2 cents

Reply With Quote
  #10032 (permalink)  
Old 27-05-2016, 10:02 AM
Unregistered
Guest
 
Posts: n/a
Default

If your wife's income is $100k pa, your HH income is $210k pa. Can afford a $90k new car easily.

Quote:
Originally Posted by Unregistered View Post
I earn 110k annual and driving a b&B japn car, 7 yr old, though its in good condition, I am lusting over a new car. Just a vezel which is less than 90k for a 1yr old.
That is still a depreciation of 9.2k annual, not counting in petrol and bank interest/insurance.

WIth that in mind, its a monthly car bill of $900 to $1000 monthly, which I feel is a huge sacrifice. As such, I am still hoping COE will go down, or else I will renew COE on my existing B&B.

Car bill should be a luxury and not eat into the income needed to feed the family and plans for retirement.

my 2 cents


Reply With Quote
  #10033 (permalink)  
Old 27-05-2016, 02:48 PM
Unregistered
Guest
 
Posts: n/a
Default

My take on this car ownership issue is this; "If you have to forgo something else to own a car" then do without a car. Singapore is a small city state with very good public-transport
connectivity.

Buy a car only if you have the "spare" cash or you really need a car for your work or for family needs.

I used to take public transport for the longest time. Then the public transport connectivity and service standards were cr*p! But I was stuck with it becos I wanted to build up my wealth first.

Delayed gratification and initial sacrifices meant that my condos are now fully paid, and passive income above $120K.

Now that we are older, its time to YOLO a bit. Now my wife and I have a car each - paid for form passive incomes!

Dont rush into buying a car. Newer cars come better equipped with new technologies and nicer designs.

Quote:
Originally Posted by Unregistered View Post
I earn 110k annual and driving a b&B japn car, 7 yr old, though its in good condition, I am lusting over a new car. Just a vezel which is less than 90k for a 1yr old.
That is still a depreciation of 9.2k annual, not counting in petrol and bank interest/insurance.

WIth that in mind, its a monthly car bill of $900 to $1000 monthly, which I feel is a huge sacrifice. As such, I am still hoping COE will go down, or else I will renew COE on my existing B&B.

Car bill should be a luxury and not eat into the income needed to feed the family and plans for retirement.

my 2 cents



SG Bus Timing App
SG Bus Timing App - the best bus app - available on iPhone


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #10034 (permalink)  
Old 27-05-2016, 02:53 PM
Unregistered
Guest
 
Posts: n/a
Default

COE now is very cheap. Only $40k plus.
It will surely go up to $50k plus, then $60k plus, then $70k plus and higher.
Don't wait. Buy with guaranteed COE.
Don't be stupid to buy the expensive cars.
Buy the cheap and reliable cars.
Many to choose from.
Only $90k.
If you're not a millionaire, don't buy $200k cars.
Buy cheap new cars. $90k or lesser.
All cars are the same.
Can move from one place to another.
Reply With Quote
  #10035 (permalink)  
Old 27-05-2016, 05:27 PM
Unregistered
Guest
 
Posts: n/a
Default

dont' rush in and become kan cheong spider.

with the economic situation getting worse, it's only time that COE will crash back below $30k.

Go in at your own risk now.
Reply With Quote
  #10036 (permalink)  
Old 28-05-2016, 12:43 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
dont' rush in and become kan cheong spider.

with the economic situation getting worse, it's only time that COE will crash back below $30k.

Go in at your own risk now.
Those who listened to you missed the boat to buy at $38k COE.

With so many people buying, COE will only go higher.

Next week, COE will go to $50k or higher. Just see.


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iPhone


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote

  #10037 (permalink)  
Old 28-05-2016, 07:37 AM
Unregistered
Guest
 
Posts: n/a
Default

Visit the car showrooms this weekend. You will see big crowds rushing to lock in the low car prices. COE price will surely go higher next week. Huat Ah !!!!

Don't be stupid to buy $200k cars, if you're just the average wage earner. If you're a millionaire, then buy whatever you wish. Million dollar sports car? No problem.

If you're just an employee, don't commit expensive cars. Just go for the cheap and reliable cars. $90k can get.

No need to show off as though you're so rich. Hahaha.
Reply With Quote
  #10038 (permalink)  
Old 28-05-2016, 11:00 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Visit the car showrooms this weekend. You will see big crowds rushing to lock in the low car prices. COE price will surely go higher next week. Huat Ah !!!!

Don't be stupid to buy $200k cars, if you're just the average wage earner. If you're a millionaire, then buy whatever you wish. Million dollar sports car? No problem.

If you're just an employee, don't commit expensive cars. Just go for the cheap and reliable cars. $90k can get.

No need to show off as though you're so rich. Hahaha.
Actually if you are already going to spend $90k+ for a lousy low end Jap model, might as well spend a bit more can get a Merz C-180. Some PI are offering C-180 for $130k+ now, a lot of them are on the roads now because you get a much better car and prestige by spending only 40k more.
Reply With Quote
  #10039 (permalink)  
Old 28-05-2016, 03:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Actually if you are already going to spend $90k+ for a lousy low end Jap model, might as well spend a bit more can get a Merz C-180. Some PI are offering C-180 for $130k+ now, a lot of them are on the roads now because you get a much better car and prestige by spending only 40k more.
Why pay $40k more? You can invest the $40k and this will grow multiple folds over the long term if you're good at investing.

What prestige? All cars are the same. Prestige is you own and live in a luxury condo. That's prestige.

If you own expensive cars but live in public housing, where's the prestige?

The difference between living in a luxury condo and public housing is a million dollar. But the difference between a cheap car and expensive car is a few ten thousand dollars. So no big deal. I know of people who drive a cheap car but own 3 luxury condos. That's high class.
Reply With Quote
  #10040 (permalink)  
Old 29-05-2016, 11:11 AM
Unregistered
Guest
 
Posts: n/a
Default

There are big crowds at car showrooms now.

Don't believe? Go there and see for yourself.

COE PRICES WILL RISE NEXT WEEK DUE TO THE HUGE DEMAND !!!!!!!!!!!

HUAT AH !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Reply With Quote
Reply

Bookmarks

Tags
bond, bond breaking, income pa, lawyer, saf

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Industries with Highest Proportion Earning 5-Figure Monthly Income Salary.sg Income and Jobs 23 06-08-2017 05:46 PM
Lawyer earning $25k/mth forged $65k payslip to get job Salary.sg Income and Jobs 2 30-12-2011 02:42 PM

» 30 Recent Threads
DBS Management Associate Program... ( 1 2 3... Last Page)
1,782 Replies, 271,792 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,296 Replies, 1,908,038 Views
anyone working at NCS ? ( 1 2 3... Last Page)
395 Replies, 287,717 Views
Lawyer Salary ( 1 2 3... Last Page)
7,608 Replies, 2,610,051 Views
How much do you earn and save? ( 1 2 3... Last Page)
103 Replies, 13,765 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,914 Replies, 1,085,092 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
159 Replies, 75,914 Views
Compare civil service salary ( 1 2 3... Last Page)
10,105 Replies, 5,584,834 Views
ST Electronics ( 1 2 3... Last Page)
688 Replies, 211,639 Views
Roles in accenture singapore ( 1 2 3... Last Page)
377 Replies, 250,835 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,633 Replies, 783,968 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,191 Replies, 970,774 Views
Feeling helpless, need advice... ( 1 2)
10 Replies, 786 Views
What's the graduate officer... ( 1 2 3... Last Page)
54 Replies, 13,079 Views
Anyone being hired during covid... ( 1 2)
17 Replies, 1,313 Views
Career as Teacher ( 1 2 3... Last Page)
2,662 Replies, 1,607,286 Views
Possible to earn passive income... ( 1 2)
15 Replies, 4,091 Views
Anyone working in NTU... ( 1 2 3... Last Page)
91 Replies, 92,770 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,380 Replies, 564,931 Views
Please Share DBS Average Months... ( 1 2)
17 Replies, 3,144 Views
Submitting My Resume To ST... ( 1 2)
19 Replies, 22,104 Views
Sharing my Passive and Active...
2 Replies, 521 Views
where can i buy nintendo stock?
6 Replies, 3,409 Views
[advice] Recruitment agency... ( 1 2)
15 Replies, 1,957 Views
HR Career advice
3 Replies, 1,447 Views
High Finance Thread ( 1 2 3... Last Page)
89 Replies, 15,549 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,089 Replies, 500,004 Views
Can share your your car...
2 Replies, 234 Views
Pay for digital marketing agencies
7 Replies, 2,149 Views
Any Kaplan students here can land... ( 1 2)
14 Replies, 1,118 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:10 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2