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How much are you earning per annum?

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  #11711 (permalink)  
Old 21-06-2019, 10:17 AM
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No. Need to deduct expenses. Was told by a mentor, you earn $1 for every $3 you earn or save for the company.
Manday to client is charged USD900 per Manday.
That's correct calculation.
Then boss have to charge higher to client then only I will get breakthru.

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  #11712 (permalink)  
Old 22-06-2019, 04:54 PM
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Our combined networth is S$2.4 mil and we r in our 40s. Also consider ourselves upper middle class. We live in a private FH 3 bedder condo and household income is S$20k a month. Drive a normal toyota altis though. Considering buying a FH landed semid when recession comes.
With a combined net worth of $2.4 mil means each of you has a net worth of $1.2 mil each. You and spouse are both millionaires. This must mean you are in the top 1% among married couples.

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  #11713 (permalink)  
Old 22-06-2019, 10:05 PM
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There are so many millionaires in this forum. Is this forum only for millionaires?

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  #11714 (permalink)  
Old 23-06-2019, 12:52 PM
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Default Relocation to Singapore

Hi,
8k per month is it a good to switch from India having 40lpa to Singapore??


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  #11715 (permalink)  
Old 23-06-2019, 08:33 PM
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When u calculate networth, do u include the house u r living in? We did. And with S$2.4 mil networth I don't think we r top 1% of married couples.


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  #11716 (permalink)  
Old 24-06-2019, 08:59 AM
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There are 183,000 millionaires in Singapore.
There are 5.6 mil people living in Singapore.
So % of millionaires is 3.2%.
So for couples who are both millionaires,
this should be 3.2% x 3.2% = 0.1%.

You are right, couple millionaires are not in top 1% but
top 0.1%! Wow!
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  #11717 (permalink)  
Old 25-06-2019, 10:09 AM
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36 years old this year... Currently on 200k odd p.a. Prefer to stay HDB and relax. Head not big enough for private property.

Have been in Banking industry or related industry since ORD.

Currently not in bank anymore but more like a vendor supporting banking system, not a big company, just a small local startup.

Before I left the bank (US bank), i am on 150k p.a exclude bonus etc. It was a cushy job except the long hour (you reap what you sow). Reason why I left is because I knew I am unable to progress much faster because banks, being banks, like to groom their management associates into top role. I do not have any good degree (distance learning) to compete with people with high class honors from NUS etc. Disheartened after a while because after all the hard work you put in, these MAs just package it up and gain the credit.

Left with a heavy heart because i really learn a lot of things in this US bank, no though long hours but you gained a lot of knowledge and get to know a lot of friends.
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  #11718 (permalink)  
Old 25-06-2019, 01:11 PM
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Originally Posted by Unregistered View Post
36 years old this year... Currently on 200k odd p.a. Prefer to stay HDB and relax. Head not big enough for private property.

Have been in Banking industry or related industry since ORD.

Currently not in bank anymore but more like a vendor supporting banking system, not a big company, just a small local startup.

Before I left the bank (US bank), i am on 150k p.a exclude bonus etc. It was a cushy job except the long hour (you reap what you sow). Reason why I left is because I knew I am unable to progress much faster because banks, being banks, like to groom their management associates into top role. I do not have any good degree (distance learning) to compete with people with high class honors from NUS etc. Disheartened after a while because after all the hard work you put in, these MAs just package it up and gain the credit.

Left with a heavy heart because i really learn a lot of things in this US bank, no though long hours but you gained a lot of knowledge and get to know a lot of friends.

Just stay in HDB flat. Private property is for the more successful top performing bankers. Better be safe. $200k pa is not much compared to what the top bankers earn.
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  #11719 (permalink)  
Old 25-06-2019, 05:48 PM
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Hi all,

Just wanted to share with you a sad news about someone who just passed away.
Below 60 years old.

We all will die one day but we donít know when. So donít be so obsessed chasing your dream of getting that corporate promotion, that condominium or that nice car. These are all meaningless at your death bed.

Invest your time with your old parents, your children, your spouse, friends and relatives.

Donít be greedy chasing millions. Do good. Volunteer at charities. Feed the poor, the needy and the orphans.

Life is short. Make a difference to the world.
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  #11720 (permalink)  
Old 25-06-2019, 06:48 PM
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Originally Posted by Unregistered View Post
Hi all,

Just wanted to share with you a sad news about someone who just passed away.
Below 60 years old.

We all will die one day but we donít know when. So donít be so obsessed chasing your dream of getting that corporate promotion, that condominium or that nice car. These are all meaningless at your death bed.

Invest your time with your old parents, your children, your spouse, friends and relatives.

Donít be greedy chasing millions. Do good. Volunteer at charities. Feed the poor, the needy and the orphans.

Life is short. Make a difference to the world.
True....that is why I am semiretired in my 40s so that I can spend more time with my growing kids and my ageing mum. Don't want to die with regrets....hope to join the church in mission trips in the future too.
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