How much are you earning per annum? - Page 1154 - 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
  #11531 (permalink)  
Old 29-11-2018, 05:53 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You are in the mid middle class since you live in a HDB flat. If you are ambitious and wants to move up the social ladder to the upper middle class, you need to upgrade to a private condo. The top 20% lives in private properties.

Now is a good time to upgrade to a private condo since condo prices has not gone up much. Buy a resale condo as it is cheaper than new launch condos.

You can find very affordable resale private condos in the OCR such as those condos in the north region eg. Yishun, Sembawang and Woodlands. The north region condos are undervalued and will appreciate in the long run when the region develops further and when the Thomson MRT line opens.
Sorry we live in the landed n rent out the hdb as the other major shareholder lives elsewhere



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


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
  #11532 (permalink)  
Old 30-11-2018, 09:19 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Sorry we live in the landed n rent out the hdb as the other major shareholder lives elsewhere
Mid middle class since you don't own the landed property 100%.

To be in the upper middle class, you need to own a private property 100% and live in it.

IMO, those who own and live in a HDB flat and buy a private property (second property) to rent out is still considered mid middle class. If they don't have tenant to pay for the mortgage, they will likely not able to finance the mortgage comfortably. In a crisis, there will be no tenants and rents will plunge. This group will panic and will need to sell their investment property urgently. Fire sale. Property prices will then crash. This group is the weakest link among private property owners.

You need to own a private property and live in it to be upper middle class. The top 20% own and live in a private property.

Reply With Quote
  #11533 (permalink)  
Old 01-12-2018, 02:27 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Mid middle class since you don't own the landed property 100%.

To be in the upper middle class, you need to own a private property 100% and live in it.

IMO, those who own and live in a HDB flat and buy a private property (second property) to rent out is still considered mid middle class. If they don't have tenant to pay for the mortgage, they will likely not able to finance the mortgage comfortably. In a crisis, there will be no tenants and rents will plunge. This group will panic and will need to sell their investment property urgently. Fire sale. Property prices will then crash. This group is the weakest link among private property owners.

You need to own a private property and live in it to be upper middle class. The top 20% own and live in a private property.
You pin-pointed it right on point...
But once again, why do we really bothered about what class you are, most importantly live happily. There are some folks have 3-4 properties but always researching alot, viewing property/selling, renovate, etc, it cause alot of unwanted stress unless that person really love it alot, which i highly doubt so.

Reply With Quote
  #11534 (permalink)  
Old 01-12-2018, 08:56 PM
Alexxx
Guest
 
Posts: n/a
Default

30 yr
400k liquid assets, 120k OA
Full time job income 60k
Part time hustle 40k
Passive income 10 to 12k
How do I fare. Hmm
Reply With Quote
  #11535 (permalink)  
Old 02-12-2018, 11:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Alexxx View Post
30 yr
400k liquid assets, 120k OA
Full time job income 60k
Part time hustle 40k
Passive income 10 to 12k
How do I fare. Hmm

I would say that you are doing better than Warren Buffet as you can generate passive without investment capital?

My passive income is currently $14k pm but that comes out from about $3m capital working quietly behind the scene.

I achieved Financial independence some years ago but still working and enjoying it.
Reply With Quote
  #11536 (permalink)  
Old 03-12-2018, 12:02 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Mid middle class since you don't own the landed property 100%.

To be in the upper middle class, you need to own a private property 100% and live in it.

IMO, those who own and live in a HDB flat and buy a private property (second property) to rent out is still considered mid middle class. If they don't have tenant to pay for the mortgage, they will likely not able to finance the mortgage comfortably. In a crisis, there will be no tenants and rents will plunge. This group will panic and will need to sell their investment property urgently. Fire sale. Property prices will then crash. This group is the weakest link among private property owners.

You need to own a private property and live in it to be upper middle class. The top 20% own and live in a private property.
Wanted to buy a studio too but was concerned that our Mo hdb May sers and force to sell the condo if we want to select the new flat
Then and again If never sers will have wasted not bought the condo cause it was just before absd jump from 7 to 12%
Reply With Quote

  #11537 (permalink)  
Old 03-12-2018, 06:50 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I would say that you are doing better than Warren Buffet as you can generate passive without investment capital?

My passive income is currently $14k pm but that comes out from about $3m capital working quietly behind the scene.

I achieved Financial independence some years ago but still working and enjoying it.
What did you invest in for the passive income?
Reply With Quote
  #11538 (permalink)  
Old 03-12-2018, 12:13 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by WholesaleBanking View Post
Wholesale banking.
Salary: 300k.
Bonus: 100k.
Age: 39
That's a very good income. Any advice on how to get into wholesale banking? Does the university degree matter? Or family connections? Or just pure grit and some luck?
Reply With Quote
  #11539 (permalink)  
Old 03-12-2018, 03:01 PM
Alexxx
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I would say that you are doing better than Warren Buffet as you can generate passive without investment capital?

My passive income is currently $14k pm but that comes out from about $3m capital working quietly behind the scene.

I achieved Financial independence some years ago but still working and enjoying it.

14k per month is really impressive. What sort of investment are u doing. I would say half my liquid assets are in stocks and bonds while the other half is in cash which I'm still not deploying due to market uncertainty. Hmm
Reply With Quote
  #11540 (permalink)  
Old 05-12-2018, 11:29 PM
Unregistered
Guest
 
Posts: n/a
Default

husband: 35 wife: 33
combined annual income: 400k
cash+stocks: 1.1m
outstanding sg property loan: 680k
outstanding sg car loan: 60k
2 fully settled houses in KL
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 25 23-04-2021 10:40 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)
18,467 Replies, 7,602,638 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,747 Replies, 3,183,101 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,780 Replies, 3,471,024 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,610 Replies, 1,316,026 Views
IMDA (under MCI) ( 1 2 3... Last Page)
399 Replies, 206,675 Views
Compare civil service salary ( 1 2 3... Last Page)
14,984 Replies, 10,002,561 Views
High Finance Thread ( 1 2 3... Last Page)
1,472 Replies, 380,633 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,704 Replies, 836,703 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,461 Replies, 5,493,961 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,499 Replies, 2,259,181 Views
Career as Teacher ( 1 2 3... Last Page)
6,669 Replies, 4,235,900 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,311 Replies, 637,115 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,825 Replies, 2,686,311 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,060 Replies, 738,056 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,251 Replies, 3,328,027 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,248 Replies, 995,067 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
360 Replies, 133,997 Views
Bnp paribas graduate ( 1 2 3... Last Page)
205 Replies, 122,698 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
351 Replies, 314,974 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
273 Replies, 222,709 Views
Standard Chartered International... ( 1 2 3... Last Page)
363 Replies, 164,067 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
269 Replies, 175,501 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,100 Replies, 763,499 Views
Anyone work in JPM/GS/Morgan... ( 1 2 3... Last Page)
300 Replies, 75,372 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
171 Replies, 213,727 Views
SLA (Singapore Land Authority) ( 1 2 3... Last Page)
34 Replies, 25,589 Views
Htx ( 1 2 3... Last Page)
85 Replies, 55,154 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
2,040 Replies, 848,161 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
1,094 Replies, 454,200 Views
Mining Industry ( 1 2 3... Last Page)
78 Replies, 47,280 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:44 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2