How much are you earning per annum? - Page 1080 - 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
  #10791 (permalink)  
Old 31-01-2017, 04:40 PM
Unregistered
Guest
 
Posts: n/a
Default

I have a different take on retirement.

Plan and just save enough so that you don't go hungry and miserable during your retirement. Most people saus retirement is for enjoying life but seriously, when you are 60 or even 50, you probably would not have the energy to enjoy what you want to enjoy now.

Spend within your needs and enjoy what you can afford now I say. There is no point slogging through the most of your life so just that you enjoy the twilight years of your life. This is definitely not living your life to the fullest!

Remember, most people don't regret the things they have done, but everyone regrets the things they have not done!

Reply With Quote
  #10792 (permalink)  
Old 31-01-2017, 05:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Totally agree with you. That is why you should work hard in your career, save and invest a lot so that you can retire in your 40s. There are corporate high flyers who are extraordinarily successful and they retired before reaching 50. They then spend their time being angel investors, helping start ups to succeed.


Quote:
Originally Posted by Unregistered View Post
I have a different take on retirement.

Plan and just save enough so that you don't go hungry and miserable during your retirement. Most people saus retirement is for enjoying life but seriously, when you are 60 or even 50, you probably would not have the energy to enjoy what you want to enjoy now.

Spend within your needs and enjoy what you can afford now I say. There is no point slogging through the most of your life so just that you enjoy the twilight years of your life. This is definitely not living your life to the fullest!

Remember, most people don't regret the things they have done, but everyone regrets the things they have not done!


Reply With Quote
  #10793 (permalink)  
Old 01-02-2017, 11:16 AM
Unregistered
Guest
 
Posts: n/a
Default

Hi,

I'm heartened by your story. Being grateful with what we have is the way to happiness. You don't have to be rich to be happy.

Most of us are in the middle class group. 80% of us is in this group. Only the top 20% is in the high income group. These are those living in private properties and owning cars. They are the highly successful professionals and business owners.

As long as you have enough for your retirement, you should be ok.



Quote:
Originally Posted by Unregistered View Post
We are a middle class family, living a simple but comfortable life. My spouse and I earn a combined income of $145k pa. This amount is not so high for a couple in their late forties but we are happy. We live in a humble home and drive a humble car. We're still paying for the mortgage of our home. We hope to clear the mortgage in ten years time. We can still afford cheap year end holidays as well as going out to restaurants occasionally. We also support our old parents financially, on both sides. Due to our commitments, we only save $20k pa. We should be able to have $300k in cash savings when we retire at 60 years old. By then, we will most likely have no more dependents. We will spend $30k pa ($2.5k pm) in our retirement, so we will spend $150k from age 60 to 65. Upon age 65, our CPF Life will start paying us about $45k pa until the day we decease. As inheritance, we will leave behind our home and cash savings for our children.

Reply With Quote
  #10794 (permalink)  
Old 01-02-2017, 04:29 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I have a different take on retirement.

Plan and just save enough so that you don't go hungry and miserable during your retirement. Most people saus retirement is for enjoying life but seriously, when you are 60 or even 50, you probably would not have the energy to enjoy what you want to enjoy now.

Spend within your needs and enjoy what you can afford now I say. There is no point slogging through the most of your life so just that you enjoy the twilight years of your life. This is definitely not living your life to the fullest!

Remember, most people don't regret the things they have done, but everyone regrets the things they have not done!
I am in my mid-40s and wondering whether to go into semi-retirement, for the reasons mentioned by you. For example, I would like to travel as and when I like and when I still have the energy to do so. This is not to say that I would not have the health to travel when I am older but who knows what will happen in the future. I have the means to retire now if I don't spend extravagantly. On the other hand, my job is not stressful (though boring) and so I do have good work-life balance currently. Should I retire?
Reply With Quote
  #10795 (permalink)  
Old 01-02-2017, 04:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am in my mid-40s and wondering whether to go into semi-retirement, for the reasons mentioned by you. For example, I would like to travel as and when I like and when I still have the energy to do so. This is not to say that I would not have the health to travel when I am older but who knows what will happen in the future. I have the means to retire now if I don't spend extravagantly. On the other hand, my job is not stressful (though boring) and so I do have good work-life balance currently. Should I retire?
How old are your kids? How much is your passive income and net worth?
Reply With Quote
  #10796 (permalink)  
Old 01-02-2017, 08:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How old are your kids? How much is your passive income and net worth?
Single with no liabilities. Generating 40k in passive income annually.
Reply With Quote

  #10797 (permalink)  
Old 01-02-2017, 08:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How old are your kids? How much is your passive income and net worth?
Single with no liabilities. Generating about 40k in passive income annually. Net worth $2 mil.
Reply With Quote
  #10798 (permalink)  
Old 01-02-2017, 09:53 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Single with no liabilities. Generating about 40k in passive income annually. Net worth $2 mil.
You can retire now. Enjoy yourself and do some volunteer work to help the needy.

You can travel the world while you're still young and healthy. No need to wait until you're so old at 50.
Reply With Quote
  #10799 (permalink)  
Old 03-02-2017, 06:25 AM
Unregistered
Guest
 
Posts: n/a
Default

For those who can afford to upgrade, do you think now is the time to upgrade and invest in a landed property in Sg? Will property prices shoot up again soon or remain stagnant in the mid term period of say 4-6 years?
Reply With Quote
  #10800 (permalink)  
Old 03-02-2017, 07:11 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Single with no liabilities. Generating about 40k in passive income annually. Net worth $2 mil.
married with two teenager kids, paid up condo and luxury car, no debt
generating passive income 35k last year, cash+cpf $1mil, condo worth $1.5mil
we are both 45
can we retire early?


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


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
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
Lawyer Salary ( 1 2 3... Last Page)
9,039 Replies, 2,940,684 Views
Dsta ( 1 2 3... Last Page)
828 Replies, 561,326 Views
anyone working at NCS ? ( 1 2 3... Last Page)
416 Replies, 307,237 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
108 Replies, 86,590 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,539 Replies, 1,080,060 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
3,099 Replies, 1,315,105 Views
ST Electronics ( 1 2 3... Last Page)
798 Replies, 239,561 Views
PhD or non-PhD
7 Replies, 7,499 Views
Compare civil service salary ( 1 2 3... Last Page)
10,590 Replies, 5,819,021 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,006 Replies, 3,811,049 Views
Career as Teacher ( 1 2 3... Last Page)
2,836 Replies, 1,709,932 Views
Constituency Manager (People... ( 1 2 3... Last Page)
869 Replies, 454,225 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,388 Replies, 955,595 Views
Working in NEA ( 1 2 3... Last Page)
60 Replies, 72,847 Views
Advice needed for a 30 yo male... ( 1 2 3... Last Page)
44 Replies, 12,692 Views
How much to ask for starting pay... ( 1 2 3... Last Page)
90 Replies, 9,182 Views
Polytechnic lecturer salary range ( 1 2)
11 Replies, 65,230 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,377 Replies, 1,978,312 Views
need some info on CNB ( 1 2 3)
20 Replies, 2,137 Views
Self-Employed in SG by Overseas...
3 Replies, 404 Views
Best Primary Schools 2020 (by...
1 Replies, 1,017 Views
How much do you earn and save? ( 1 2 3... Last Page)
130 Replies, 23,769 Views
Big Four Promotion/Bonus/Incr... ( 1 2 3... Last Page)
30 Replies, 6,502 Views
How to properly manage the income?
6 Replies, 467 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
126 Replies, 30,320 Views
Higher Pay for Mid-Career Teachers
3 Replies, 5,212 Views
Tuition Teachers Make 20k
7 Replies, 6,077 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
79 Replies, 118,062 Views
High Finance Thread ( 1 2 3... Last Page)
133 Replies, 25,650 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:52 AM.


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