How much are you earning per annum? - Page 1131 - 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
  #11301 (permalink)  
Old 02-11-2017, 10:23 PM
Unregistered
Guest
 
Posts: n/a
Default

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
  #11302 (permalink)  
Old 02-11-2017, 11:21 PM
Unregistered
Guest
 
Posts: n/a
Default

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.
Fake profile.

Lemme explain.

In the first 2 lines, he said he had 1 CHINA condo, 1 MY condo and 1 HDB

3 lines from the bottom he said will rent out 2 SG propertIES. It can't be a typo cos the auto correct dies t change 1 to 2 and he also uses the plural form of property.....

Basically he couldn't make up his mind over what yarn he wanted to spin...

Reply With Quote
  #11303 (permalink)  
Old 03-11-2017, 11:27 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Fake profile.

Lemme explain.

In the first 2 lines, he said he had 1 CHINA condo, 1 MY condo and 1 HDB

3 lines from the bottom he said will rent out 2 SG propertIES. It can't be a typo cos the auto correct dies t change 1 to 2 and he also uses the plural form of property.....

Basically he couldn't make up his mind over what yarn he wanted to spin...
I am not the above person but i just want to clarify the thoughts here (and ensure we keep the thread friendly and/or useful:

He probably has 4 properties in total:
- 3 paid up (1x CN, 1x MY, 1x HDB)
- 1 newly bought (3BR Condo with 800k loan; assume it is in SG)

To which he will rent out his 2 SG properties (HDB and 3BR).

Reply With Quote
  #11304 (permalink)  
Old 03-11-2017, 01:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Yes, You are Right!!

Some have green eye and comment fake profile and poor grammar of others.

The guy is just sharing and ask for advise.


Quote:
Originally Posted by Unregistered View Post
I am not the above person but i just want to clarify the thoughts here (and ensure we keep the thread friendly and/or useful:

He probably has 4 properties in total:
- 3 paid up (1x CN, 1x MY, 1x HDB)
- 1 newly bought (3BR Condo with 800k loan; assume it is in SG)

To which he will rent out his 2 SG properties (HDB and 3BR).
Reply With Quote
  #11305 (permalink)  
Old 05-11-2017, 08:52 AM
Unregistered
Guest
 
Posts: n/a
Default

We are ready to retire at 55 because we have paid off our 3 bedroom condo's mortgage and our children are grown up. We are debt free too. At 55, we can also collect our CPF money in our OA.

We have been saving and investing for more than 30 years and now enjoy a healthy income from our investments and savings that would be enough for the two of us in retirement. Our passive income is $4000 pm while our expected expenses is $3000 pm. We can save $1000 pm ($12,000 pa) to take care of future inflation. Our passive income will rise when we reach 65 as our CPF Life (annuity) will give us monthly payouts.

Our monthly expenses for the two of us would include food & groceries ($800), condo fees, property tax and utilities ($600), public transport ($100), medical fees & insurance ($600), overseas holidays ($700), and miscellaneous items ($200).

We plan to do active charity work when our retirement starts. We believe those who are better off and more successful in life must help the less fortunate ones. This way our society will be a more compassionate society. Donating money alone will not be good enough, we want to be on the ground helping the poor and needy.

We do not want to work until our 70s as some may suggest as we might pass away in our 80s. 10 years of retirement after so many years of work is not good enough. We could also be sickly when we approach our 70s. We want to enjoy a longer retirement. We want to travel the world during non-peak seasons (a lot cheaper and less crowded than the typical peak seasons). We want to travel while we are still healthy and mobile. Our 55 - 65 age bracket is actually the best retirement period as we are not too old and still healthy to travel the world.

Besides charity work, we have listed a whole range of activities which will keep us busy and mentally active. We know of successful people who retired in their 50s and they are enjoying every moment of their retirement. There are also high flyers from the finance industry who retired in their late 40s after making a fortune. We look forward to join them.
Reply With Quote
  #11306 (permalink)  
Old 06-11-2017, 05:30 PM
Unregistered
Guest
 
Posts: n/a
Default

A very well planned retirement. Not many people can retire at 55. Most people spend too much on cars, holidays, etc. and still have to work in their 60s and 70s. You are among the brilliant few.

Quote:
Originally Posted by Unregistered View Post
We are ready to retire at 55 because we have paid off our 3 bedroom condo's mortgage and our children are grown up. We are debt free too. At 55, we can also collect our CPF money in our OA.

We have been saving and investing for more than 30 years and now enjoy a healthy income from our investments and savings that would be enough for the two of us in retirement. Our passive income is $4000 pm while our expected expenses is $3000 pm. We can save $1000 pm ($12,000 pa) to take care of future inflation. Our passive income will rise when we reach 65 as our CPF Life (annuity) will give us monthly payouts.

Our monthly expenses for the two of us would include food & groceries ($800), condo fees, property tax and utilities ($600), public transport ($100), medical fees & insurance ($600), overseas holidays ($700), and miscellaneous items ($200).

We plan to do active charity work when our retirement starts. We believe those who are better off and more successful in life must help the less fortunate ones. This way our society will be a more compassionate society. Donating money alone will not be good enough, we want to be on the ground helping the poor and needy.

We do not want to work until our 70s as some may suggest as we might pass away in our 80s. 10 years of retirement after so many years of work is not good enough. We could also be sickly when we approach our 70s. We want to enjoy a longer retirement. We want to travel the world during non-peak seasons (a lot cheaper and less crowded than the typical peak seasons). We want to travel while we are still healthy and mobile. Our 55 - 65 age bracket is actually the best retirement period as we are not too old and still healthy to travel the world.

Besides charity work, we have listed a whole range of activities which will keep us busy and mentally active. We know of successful people who retired in their 50s and they are enjoying every moment of their retirement. There are also high flyers from the finance industry who retired in their late 40s after making a fortune. We look forward to join them.
Reply With Quote

  #11307 (permalink)  
Old 08-11-2017, 10:54 AM
Unregistered
Guest
 
Posts: n/a
Default

I'm 50 and retired from jet setting corporate life. I have accumulated enough funds which give me regular passive income to sustain my retirement till death. I'm now doing business consulting on a pro bono basis to help those in need. It is my way of giving back to society.

I am happy with my current new life thus far. I start my day with morning exercise and followed by a healthy breakfast. This will take about two hours. I will then read the business news, analyst reports and review my investment portfolio.

Since my retirement, my super high stress level dropped significantly. My hypertension, high cholesterol and high sugar levels are now back to normal. I have also lost weight. My body is leaner and tougher. I have reduced the risk of stroke and sudden death. I'm a lot healthier and happier now. Life is wonderful.

Life is short. Take care of your health. Don't work so hard till you suddenly drop dead. No amount of wealth can make you happy if you are sick and dying. Don't be greedy in chasing for more and more wealth. It is not worth it.


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
  #11308 (permalink)  
Old 08-11-2017, 01:45 PM
Unregistered
Guest
 
Posts: n/a
Default

Inspiring!!

May I know what do you invest to secure a passive income of $48K/yr?

On rental income, shares dividend, UT, bonds, SN, SD, annuity, insurance, etc?

I like to achieve the same amount of passive income. Currently vested on SN, UT and shares, annuity. My passive income is in the range of $32K.

I guess you need to have at least around $2M to achieve such passive income.

Thanks


Quote:
Originally Posted by Unregistered View Post
We are ready to retire at 55 because we have paid off our 3 bedroom condo's mortgage and our children are grown up. We are debt free too. At 55, we can also collect our CPF money in our OA.

We have been saving and investing for more than 30 years and now enjoy a healthy income from our investments and savings that would be enough for the two of us in retirement. Our passive income is $4000 pm while our expected expenses is $3000 pm. We can save $1000 pm ($12,000 pa) to take care of future inflation. Our passive income will rise when we reach 65 as our CPF Life (annuity) will give us monthly payouts.

Our monthly expenses for the two of us would include food & groceries ($800), condo fees, property tax and utilities ($600), public transport ($100), medical fees & insurance ($600), overseas holidays ($700), and miscellaneous items ($200).

We plan to do active charity work when our retirement starts. We believe those who are better off and more successful in life must help the less fortunate ones. This way our society will be a more compassionate society. Donating money alone will not be good enough, we want to be on the ground helping the poor and needy.

We do not want to work until our 70s as some may suggest as we might pass away in our 80s. 10 years of retirement after so many years of work is not good enough. We could also be sickly when we approach our 70s. We want to enjoy a longer retirement. We want to travel the world during non-peak seasons (a lot cheaper and less crowded than the typical peak seasons). We want to travel while we are still healthy and mobile. Our 55 - 65 age bracket is actually the best retirement period as we are not too old and still healthy to travel the world.

Besides charity work, we have listed a whole range of activities which will keep us busy and mentally active. We know of successful people who retired in their 50s and they are enjoying every moment of their retirement. There are also high flyers from the finance industry who retired in their late 40s after making a fortune. We look forward to join them.
Reply With Quote
  #11309 (permalink)  
Old 08-11-2017, 05:15 PM
Ducky93
Guest
 
Posts: n/a
Default Annual

24 years old
Diploma holder only
Basic Salary 2.5K/month
Monthly average salary with OT 3.4K
Bonus 2-3 months per annum
16k cash
10k CPF
7K REITs stocks

Any advice for me? 🙏
Reply With Quote
  #11310 (permalink)  
Old 08-11-2017, 06:49 PM
Unregistered
Guest
 
Posts: n/a
Default

I will be retiring next year at 65. Prudent savings has build up a good nest egg. Based on conservative 3% returns I will be able to draw about 10k/month out of my funds over the next 30 years. 95 is a old age for planning but if I leave early the balance can be given to my kids.

Building nest egg is most important and many young people don't do this. I blame it on the new millenia "YOLO" culture, they only know to spend money when they get money and don't save for the future.

I am looking forward to enjoying my retirement with 10k/month. My monthly cash flow will be higher than 70% of Singaporeans, in fact it is even more than the monthly salary of my 2 kids who are only making 8k as professionals in their early 30s. I will not set aside any special money for them when I pass on as they are responsible for building up their own nest eggs.
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
Ex-MOE Teachers ( 1 2 3... Last Page)
65 Replies, 109,650 Views
Career as Teacher ( 1 2 3... Last Page)
2,570 Replies, 1,551,670 Views
anyone working at NCS ? ( 1 2 3... Last Page)
350 Replies, 274,502 Views
Compare civil service salary ( 1 2 3... Last Page)
9,690 Replies, 5,449,822 Views
Dsta ( 1 2 3... Last Page)
808 Replies, 533,853 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,625 Replies, 1,252,228 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,979 Replies, 918,078 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,307 Replies, 235,042 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,826 Replies, 1,058,004 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
924 Replies, 739,497 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,208 Replies, 1,859,471 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
95 Replies, 62,863 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
247 Replies, 46,476 Views
Marsh Graduate Development Program ( 1 2 3... Last Page)
44 Replies, 4,301 Views
Lawyer Salary ( 1 2 3... Last Page)
5,702 Replies, 2,383,833 Views
Pay grade at CSA ( 1 2 3... Last Page)
104 Replies, 23,734 Views
Cold calls/emails to HR ( 1 2)
13 Replies, 1,212 Views
Q: Management Associate at SGX ( 1 2 3... Last Page)
84 Replies, 11,905 Views
Insurance Agent to Bancassurance...
7 Replies, 5,125 Views
Roles in accenture singapore ( 1 2 3... Last Page)
329 Replies, 240,495 Views
ITE lecturer ( 1 2 3... Last Page)
121 Replies, 113,809 Views
Insurance Management Associate... ( 1 2 3... Last Page)
60 Replies, 16,261 Views
Diploma in Digital Marketing at...
2 Replies, 990 Views
Mask price discount in cb period
0 Replies, 57 Views
All about Home Affairs Senior... ( 1 2 3... Last Page)
168 Replies, 169,291 Views
Whats your net worth ( 1 2 3... Last Page)
2,710 Replies, 780,041 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,156 Replies, 879,586 Views
Dentist Salary
7 Replies, 6,054 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
55 Replies, 10,422 Views
Our Poll Results: 45% Fresh... ( 1 2 3... Last Page)
47 Replies, 21,219 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:43 PM.


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