How much are you earning per annum? - Page 1130 - 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?

Reply
 
Thread Tools
  #11291 (permalink)  
Old 30-10-2017, 11:32 AM
Unregistered
Guest
 
Posts: n/a
Default

Wow! This is a brilliant idea. It's great that even a low income person can retire like a rich man in other countries. As long as we own a flat and CPF savings. Actually many Westerners from US and Europe are retiring in Asia, especially in Thailand and Malaysia.

Quote:
Originally Posted by Unregistered View Post
Low income guy, 50 yo. Income $45k pa only. 3 room flat paid up. No other assets except CPF savings.

Thinking of retiring in a cheaper place. Some people here suggested Malaysia and Thailand. I think we will retire in JB when we reach 55. We can rent a new 3 room condo for RM1500 pm. Other expenses such as food, car, electricity, water, entertainment, medical and travel will cost us RM3500 pm. In total we will spend RM5000 pm.

We will rent out our flat at S$2000 pm and convert to RM6400 pm. This passive income will pay for our retirement expenses in JB. We can still save RM1400 pm.

When we reach 65, our CPF Life will give us S$4000 pm. After convert to RM, we will get RM12400 pm. So our total passive income will be RM18800 pm. We can upgrade our retirement by renting a condo in a prime location in KL. We can also go holidays to Europe every year.

Reply With Quote
  #11292 (permalink)  
Old 31-10-2017, 02:39 PM
Unregistered
Guest
 
Posts: n/a
Default

28 this year
Single
Salary 4k per month basic
Bonus 2-3x
Savings 40k cash


Considering to buy a 2nd hand car 6-7k depre for own use.... But will affect my savings (save slower)

Reply With Quote
  #11293 (permalink)  
Old 31-10-2017, 03:49 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
28 this year
Single
Salary 4k per month basic
Bonus 2-3x
Savings 40k cash


Considering to buy a 2nd hand car 6-7k depre for own use.... But will affect my savings (save slower)
Suggest you dont buy the car unless its really necessary.
I am 29 and has quite similar profile as you.

I save at least 50% of my income, and hold some stocks.

Cash and cpf around 60k each.

I do have large expenses past years due to parents medical any own further study.

Reply With Quote
  #11294 (permalink)  
Old 31-10-2017, 04:43 PM
Unregistered
Guest
 
Posts: n/a
Default

You should not by the car but buy a condo near an MRT station.


Quote:
Originally Posted by Unregistered View Post
28 this year
Single
Salary 4k per month basic
Bonus 2-3x
Savings 40k cash


Considering to buy a 2nd hand car 6-7k depre for own use.... But will affect my savings (save slower)
Reply With Quote
  #11295 (permalink)  
Old 31-10-2017, 10:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Why must it be bulge and not boutique? 🙂
Oh well, guess I overestimated. Ignore me then.. I don't know anyone at the boutiques in M&A...
Reply With Quote
  #11296 (permalink)  
Old 01-11-2017, 10:24 PM
Unregistered
Guest
 
Posts: n/a
Default

aesthetic clinic practitioner
2nd yr
250 - 300k PA
Reply With Quote

  #11297 (permalink)  
Old 02-11-2017, 12:11 PM
Unregistered
Guest
 
Posts: n/a
Default Financial freedom at what age?

I have 3 paid up properties (1 2BR China condo w/tenant, 1 3BR MY Condo and 1 5BR HDB), currently living in HDB.

Just bought a new 3BR Condo, but on around 800k loan.

My wife and I having full time job now and planning to retire earlir. But our kid is still 5 years old studying in SG, which make us wonder how long we need to wait for our early retirement.

We plan to live and work in JB ard 2023 when RTS really start, so that we can rent out our 2 SG properties for rental.

I am ard 44 age and wife is 42 now.

Anyone can advise us how we can go about our early retirement? Thanks.
Reply With Quote
  #11298 (permalink)  
Old 02-11-2017, 02:06 PM
Unregistered
Guest
 
Posts: n/a
Default

I guess you already have the answer to your question.

Quote:
Originally Posted by Unregistered View Post
I have 3 paid up properties (1 2BR China condo w/tenant, 1 3BR MY Condo and 1 5BR HDB), currently living in HDB.

Just bought a new 3BR Condo, but on around 800k loan.

My wife and I having full time job now and planning to retire earlir. But our kid is still 5 years old studying in SG, which make us wonder how long we need to wait for our early retirement.

We plan to live and work in JB ard 2023 when RTS really start, so that we can rent out our 2 SG properties for rental.

I am ard 44 age and wife is 42 now.

Anyone can advise us how we can go about our early retirement? Thanks.
Reply With Quote
  #11299 (permalink)  
Old 02-11-2017, 05:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
aesthetic clinic practitioner
2nd yr
250 - 300k PA
Planning to open your own branch? Not worth it to work for other ppl, liability ++ and they get all the money.
Reply With Quote
  #11300 (permalink)  
Old 02-11-2017, 10:20 PM
Unregistered
Guest
 
Posts: n/a
Default

You can rent out all your properties and use your rental income to retire in JB.


Quote:
Originally Posted by Unregistered View Post
I have 3 paid up properties (1 2BR China condo w/tenant, 1 3BR MY Condo and 1 5BR HDB), currently living in HDB.

Just bought a new 3BR Condo, but on around 800k loan.

My wife and I having full time job now and planning to retire earlir. But our kid is still 5 years old studying in SG, which make us wonder how long we need to wait for our early retirement.

We plan to live and work in JB ard 2023 when RTS really start, so that we can rent out our 2 SG properties for rental.

I am ard 44 age and wife is 42 now.

Anyone can advise us how we can go about our early retirement? Thanks.
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
Career as Teacher ( 1 2 3... Last Page)
2,447 Replies, 1,494,010 Views
Compare civil service salary ( 1 2 3... Last Page)
9,190 Replies, 5,304,741 Views
Lawyer Salary ( 1 2 3... Last Page)
5,041 Replies, 2,202,512 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
671 Replies, 327,674 Views
Big 4 firm rescind offers ( 1 2 3... Last Page)
64 Replies, 17,887 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,724 Replies, 1,020,184 Views
Job offer from Apple ( 1 2 3... Last Page)
433 Replies, 73,630 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,857 Replies, 873,414 Views
Anybody starting/started new job... ( 1 2)
12 Replies, 1,700 Views
Marsh Graduate Development Program ( 1 2 3)
21 Replies, 1,929 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,006 Replies, 1,807,357 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,585 Replies, 1,233,633 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
56 Replies, 10,507 Views
Insurance Management Associate... ( 1 2 3... Last Page)
32 Replies, 12,783 Views
Constituency Manager (People... ( 1 2 3... Last Page)
855 Replies, 430,825 Views
Career advice
3 Replies, 1,014 Views
career dilemma in 30s ( 1 2)
11 Replies, 2,717 Views
What course should I undertake?
9 Replies, 3,254 Views
All about Home Affairs Senior... ( 1 2 3... Last Page)
163 Replies, 166,021 Views
SPF (Direct-Entry Inspector) ( 1 2)
12 Replies, 2,283 Views
Please advise on my career path... ( 1 2)
15 Replies, 12,266 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,082 Replies, 847,515 Views
What are your Job benefits ( 1 2)
15 Replies, 7,382 Views
Casino Regulatory Authority
1 Replies, 4,431 Views
Relocating to Singapore, is... ( 1 2 3)
28 Replies, 29,548 Views
Summer Internships 2020 ( 1 2 3... Last Page)
39 Replies, 2,305 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
879 Replies, 719,674 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
123 Replies, 96,395 Views
Life as a ICA Senior Officer ( 1 2 3... Last Page)
104 Replies, 121,979 Views
Chevron COBRA assesment, please... ( 1 2)
18 Replies, 49,012 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:25 PM.


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