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I just started working in Jan at a Ministry doing Cyber security related. Getting around 4k+/mth. Any idea how long it would take for me to have an annual income of 100k in public service? |
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If just average performer, then in 7 years? |
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Gov job is either parachute appointment or climbing the mountain. |
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His starting pay is $4k+, say $4.5k. I know FCH engineers (with NS) starts close to $5k in certain public sectors. Above average performers get 4months bonus or more. In their second year of service they can get $5k x 17 months = $85k pa. In 3 to 4 years, with one promotion, and maintaining the above average performance, a guy can get $6k x 17 = $102k. |
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Self doubt that appear in every reply whenever knowing that there is someone much better than him.
LOL No wonder you think this forum is for every man that can't make it much better than you. Quote:
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Myth vs Fact
Myth : The more people earn, the costlier their lifestyle, with the end result of low savings.
Fact (at least in Singapore) : Income----------Ave expense---Ave Income----Savings 1st to 20th%---$2,231--------- $2,022------- -$209 21st to 40th%--$3,536--------- $5,299-------- $1,763 41st to 60th%--$4,699--------- $8,378-------- $3,679 61st to 80th%--$5,590--------- $12,270------- $6,680 81st to 100%---$7,568--------- $24,544------- $16,976 The above data from a Business Times report, showed that contrary to popular belief, the high income earners here on average, are actually living well within their means and thus saving a significant amount of their income. |
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Talking about passive income, the above stats counted only income earned from employment. If they include passive incomes, the income figures for the top 20 to 40% will be even higher. It is not uncommon among the top 20% households to have passive incomes upwards of $150k pa. Per month, that would easily add another $12.5k to their overall income. Including the passive income, the top 20% income per month will look like this: Income----------Ave expense---Ave Income----Savings 1st to 20th%---$2,231--------- $2,022------- -$209 21st to 40th%--$3,536--------- $5,299-------- $1,763 41st to 60th%--$4,699--------- $8,378-------- $3,679 61st to 80th%--$5,590--------- $12,270------- $6,680 81st to 100%---$7,568--------- $37,000------- $29,500 This means a saving of $1,000 per day or a total of $365,000 a year for the top 20% households. |
Agreed and it would be double for 2 professional working couple.
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Happily retired after 45 years of hard work. I've decided to quit the rat race. Enjoying every minute of my retired life.
Since primary school, I studied very hard and went to top schools. Total number of years of studying hard from primary one (6 years old) to university - 20 years. Then I excelled in my career. Total number of years of salaried work - 25 years. I now deserve a good rest. I plan to pursue many interests such as traveling the world, reading extensively, writing, mentoring, volunteering for worthy causes, etc. I have accumulated enough wealth. I have been extremely successful in my investments. My luxury condo and luxury car are both fully paid up and I have good passive income. I don't need to earn more and more from salaried work. I'm happy retiring in place in my modern luxury condo which has full facilities and a high level of security. It is located in a good district. My family's quality of life is definitely much better now. That's what matters most. |
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