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How much are you earning per annum?

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  #11341 (permalink)  
Old 18-01-2018, 05:18 PM
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52, retired. Ex high flyer corporate executive.
Condo paid up. Luxury continental car paid up.
Earns passive income.
Engaged in volunteer humanitarian work. Feels very fulfilled and happy.
Other activities include long exercises, jogging, reading, investing, learning new things, pursuing hobbies, traveling, etc.
Even though I'm not a billionaire, I am a millionaire who is rich enough to retire and do more meaningful things in life. You don't need to be a billionaire to be happy.
Life is short.

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  #11342 (permalink)  
Old 19-01-2018, 01:34 AM
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Quote:
Originally Posted by Unregistered View Post
52, retired. Ex high flyer corporate executive.
Condo paid up. Luxury continental car paid up.
Earns passive income.
Engaged in volunteer humanitarian work. Feels very fulfilled and happy.
Other activities include long exercises, jogging, reading, investing, learning new things, pursuing hobbies, traveling, etc.
Even though I'm not a billionaire, I am a millionaire who is rich enough to retire and do more meaningful things in life. You don't need to be a billionaire to be happy.
Life is short.

why does this post sound so similar to the other 123456780 posts before this??

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  #11343 (permalink)  
Old 19-01-2018, 08:33 AM
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Originally Posted by Unregistered View Post
why does this post sound so similar to the other 123456780 posts before this??

Just ignore it, it probably is anyway.

True or untrue, shouldn't bother us...this is what I call Keyboard Loser.

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  #11344 (permalink)  
Old 20-01-2018, 02:04 PM
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Quote:
Originally Posted by Unregistered View Post
52, retired. Ex high flyer corporate executive.
Condo paid up. Luxury continental car paid up.
Earns passive income.
Engaged in volunteer humanitarian work. Feels very fulfilled and happy.
Other activities include long exercises, jogging, reading, investing, learning new things, pursuing hobbies, traveling, etc.
Even though I'm not a billionaire, I am a millionaire who is rich enough to retire and do more meaningful things in life. You don't need to be a billionaire to be happy.
Life is short.
Congratulations on your retirement at 52. Not an early retirement actually. I know of someone who retired in his mid 40s as he has made a fortune from his good job and investments. He is also a millionaire. Anyway 52 is not too late to enjoy your retirement. Most people cannot retire until they reach 65 years old, which is too old if you want to enjoy an active retirement with travelling and adventuring.
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  #11345 (permalink)  
Old 20-01-2018, 04:36 PM
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Default No need to wait till retirement to enjoy life

Life is a journey to be enjoyed at every point of the way. Growing up, attending school, serving the country, starting work, getting married, becoming parents, becoming grandparents and yes retirement itself are all part of life's journey to be enjoyed.

What is important is to have the right mindset and to live within our means along the way.

There are 2 two common mistakes that people have: One is that you need to retire to enjoy life, and the other is to think that you need loads of money to enjoy. We know that this is very far from the truth.

The truth is that people have been enjoying themselves, traveling and "adventuring" while gainfully employed. Being employed while doing all these give them an added comfort that money (salary) is still flowing in, while they are spending money to enrich their lives' experiences. When retired, you tend to worry if you are eating too much into your retirement fund.

Then there are things in life that you can enjoy without having to spend a lot of money. Everyone can enjoy these things - casual walk in the parks etc.. No need to wait till retirement to do this.

Finally, someone who is currently working can always retire, but those who are retired now cannot easily go and find a job. Clearly being employed is one up against being unemployed (or retired).


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  #11346 (permalink)  
Old 20-01-2018, 06:10 PM
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Congratulations on your retirement at 52. Not an early retirement actually. I know of someone who retired in his mid 40s as he has made a fortune from his good job and investments. He is also a millionaire. Anyway 52 is not too late to enjoy your retirement. Most people cannot retire until they reach 65 years old, which is too old if you want to enjoy an active retirement with travelling and adventuring.
Thanks. I'm truly enjoying myself now. Could do so many things I didn't have time for. The best thing is we can travel during non peak seasons. Cheaper and less crowded. I'm blessed with so much.
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  #11347 (permalink)  
Old 20-01-2018, 08:31 PM
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Default Things you will sorely miss when you are unemployed/retired

People tend to take things for granted until we dont have them. By then regretting is too late and it is hard to get those things back. Here, I will focus on being on employment versus being a retiree / unemployed.

Financial aspects
The most prominent difference is the salary. The moment you are unemployed, be it retired or retrenched, you stopped receiving that monthly bundle of joy - the salary. This salary brings joy not only to yourself but your dependents too.

Then there is the bonus. This is where you will treat yourself to something special, bring your family for a good holiday or simply shore up your retirement fund! Getting this bonus is what many workers look forward to each year. Once retired, nothing like this to look forward to.

As an employee, I get subsidized medical care, not just for myself but my family members are covered too! Both outpatient and hospitalization. Once out of job, everything is going to come out of your own pocket.

Most companies also provide company scheme subsidies for personal telco services for their employees. As a retiree, you pay full fees for the same telco services.

Getting paid while on leave, while holidaying overseas is another big perk I will sorely miss if I was not employed. Knowing that while I am enjoying a great holiday with my family and yet seeing my salary being credited to my account is something only those who are employed are relate to.

Then there is the CPF contribution that employers have to pay their workers. Though, we may not be able to touch that contribution until 55, the contribution does add up to another nice bundle of joy!

Non financial aspects
As salaried people, we always look forward to weekends and holidays. The eves of holidays are particularly exciting. Think everyday will be the same if I were a retiree.

Training and specialised courses are provided to us at companies' expense. Outside of work, we will be paying for training and courses out of own pocket.

Then there is the knowledge and satisfaction that in some way you are contributing to society when you are gainfully employed. You tend to lose that sense of self worth and esteem when you are no longer in employment.
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  #11348 (permalink)  
Old 22-01-2018, 09:15 AM
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Hi fellow users,

I'm from a relatively small publisher based here in SG, and we're looking for good fiction writers who can write a good story or two to produce some new books for children. I've seen many of the posts here and noticed there's definitely a good writer or two in this thread, especially the user who is able to come up with endless variants of his life story with luxury living and doing volunteer work.

Let us know if you're interested to write some fiction books!
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  #11349 (permalink)  
Old 23-01-2018, 01:10 AM
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just married. splurged almost all savings on wedding + honeymoon.
(am fully aware of the absurdity of this and full of regrets)

myself (28 years old): $60k/annum as snr exec in logistics MNC
spouse (28 years old): $45k/annum in CS
Combined CPF about $100k. staying with in-laws in 5room fully-paid hdb.

would like to check with the experts here if it's advisable for us to buy an EC in a few years time or just apply for BTO?

if there is anyone here in logistics industry, what do you think of my career progression and what should be my career goals for the next few years? i have been in logistics since ORD in 2011.
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  #11350 (permalink)  
Old 23-01-2018, 11:04 AM
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People tend to take things for granted until we dont have them. By then regretting is too late and it is hard to get those things back. Here, I will focus on being on employment versus being a retiree / unemployed.

- This is true. People tend to take things for granted.

Financial aspects
The most prominent difference is the salary. The moment you are unemployed, be it retired or retrenched, you stopped receiving that monthly bundle of joy - the salary. This salary brings joy not only to yourself but your dependents too.

- You could still derive happiness from regular passive income streams eg. dividends and rental if you are well invested. Also, life is shallow if you are happy just looking at your monthly salary. Money is important but surely there are other more meaningful sources of happiness


Then there is the bonus. This is where you will treat yourself to something special, bring your family for a good holiday or simply shore up your retirement fund! Getting this bonus is what many workers look forward to each year. Once retired, nothing like this to look forward to.

- Surely there are other things to look forward to in retirement.

As an employee, I get subsidized medical care, not just for myself but my family members are covered too! Both outpatient and hospitalization. Once out of job, everything is going to come out of your own pocket.

- I have to agree with this.

Most companies also provide company scheme subsidies for personal telco services for their employees. As a retiree, you pay full fees for the same telco services.

- Yes, but this should not be a big expense.

Getting paid while on leave, while holidaying overseas is another big perk I will sorely miss if I was not employed. Knowing that while I am enjoying a great holiday with my family and yet seeing my salary being credited to my account is something only those who are employed are relate to.

- Why must everything be tied to salary. Should not holidays be enjoyed in themselves. On the contrary, with internet and what not, many people feel obliged to reply to work mails even while on holiday, because their employers expect them to, or because work will pile up if it's not done. It's not easy for a worker to be free of worry while on holiday nowadays.

Then there is the CPF contribution that employers have to pay their workers. Though, we may not be able to touch that contribution until 55, the contribution does add up to another nice bundle of joy!


Non financial aspects
As salaried people, we always look forward to weekends and holidays. The eves of holidays are particularly exciting. Think everyday will be the same if I were a retiree.

- That may be true. But it's up to us how we want to make our days meaningful and enjoyable in retirement. One could, if one is evil-minded, sip coffee at Raffles Place watching office workers scrambling for lunch or rushing to meet clients.

Training and specialised courses are provided to us at companies' expense. Outside of work, we will be paying for training and courses out of own pocket.

- why would we need to go for courses when we are retired.

Then there is the knowledge and satisfaction that in some way you are contributing to society when you are gainfully employed. You tend to lose that sense of self worth and esteem when you are no longer in employment.

- that may be true but there are ways to get the self-worth back if you are prone to losing it when retired. Volunteering is one way.
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