How much are you earning per annum? - Page 1178 - 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?

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #11771 (permalink)  
Old 12-08-2019, 06:09 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
24yo fresh grad joining the rat race next month. Suddenly annual income from 0 to 44k
congrats! ~3.9k a month is very respectable!

Reply With Quote
  #11772 (permalink)  
Old 12-08-2019, 06:44 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
26 fresh grad. Will earn around 60k PA in 12 months.
Wow which industry for 5k a month? with or without bonus?

Reply With Quote
  #11773 (permalink)  
Old 12-08-2019, 08:54 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Wow which industry for 5k a month? with or without bonus?
With; banking.

Reply With Quote
  #11774 (permalink)  
Old 12-08-2019, 09:19 PM
Unregistered
Guest
 
Posts: n/a
Default 6k/month but....

9 years experience in non-finance field.
With 13 months pay and bonus, all-in around 85ksgd/ annum.

Secondary source of income of around 5ksgd/month(60k/annum) from real estate overseas.

Tertiary investments in growth stocks (40 percent - 800k usd current value) and real estate(1.2 mil usd - mini commercial store/residential single unit hybrid) for a total of about 2 mil usd. Currently using rental income to pay off mortgages ... 25 years left.

My original background is in IB ( North America) and I’ve made 120k usd in my first year working for a bulge bracket in 2009. I’ve worked up to senior associate (5-6 years) and by 2015, my annual pay was 130k usd base / 100k usd bonus ( total ~ 230k usd).

I quit at the end of 2015 to start my own business, which barely broke even due to poor management and collabaratiom between partners ( my fault too...) and by 2017, I joined a company in Singapore, which allowed me to work flexible hours so that I could pursue other initiatives in SEA.

Why did I quit IB you say? I worked like a dog ( up to 120 hours / week sometimes) and also, the work itself consisted of making tons of ppts, crunching numbers in an already built in financial model... being on standby for directors or mds to send small revisions at random hours of the night... it’s not something that I could see myself do Long term.

Luckily, I did not live a “models and bottles” kind of life style like some of my colleagues... so I was able to save and invest a big chunk of my earnings. I did get lucky with a few early stage investments such as Netflix, which paid off big.

I am telling my story because there are many ways to make money and/or be happy ... take a broader view and look beyond the salary you can get. There are better ways to invest your money if you take the time after work, or weekends to find deals or to network/ meet people with similar mind sets to invest and grow your net worth.

Ciao
Reply With Quote
  #11775 (permalink)  
Old 14-08-2019, 01:24 AM
Unregistered
Guest
 
Posts: n/a
Default

Thank you for sharing sir. You are an inspiration to many here, especially the young professionals in this forum. I think you are the most successful and most honourable among us. Thank you sir for your kindness. Not many rich and successful people has a golden heart like yours.


Quote:
Originally Posted by Unregistered View Post
Former finance professional. Millionaire.
Retired at 44 after a successful career.
Lives in a mortgage-free 3 bedroom luxury condominium unit.
Drives a loan-free continental luxury car.

Grew up in a lower middle class family.
Worked very hard. Did well in school and career.
Moved up the social and economic ladder.
Moved up to the upper class.
Achieved the Singapore Dream.

Earning passive income from investment portfolio. Net worth grew steadily over the years.

Besides growing my investment portfolio and spending more time with my family, I volunteer at charities to help the poor and needy.

Life is indeed a lot better now.
I am happier and healthier.
Life is more meaningful and fulfilling.
I feel blessed for helping the less fortunate.

Life is not about the endless pursuit of material wealth. The hunger for material wealth, power and status is never ending by those who are fooled by this world.

True wealth = sufficient material wealth + spiritual and emotional wealth + physical and mental health + spending time with family + free time to enjoy and do what we want + travel the world + lots of reading on many subject matters + meaningful fulfilling relationships + giving back to society + richness in life experiences.

We only live once on this earth. YOLO. Time on this earth is the most valuable asset which no one knows how much he is given. No one knows when he is going to die. Every second spent will be gone forever. A lucky few will die in their 90s while most will die in their 70s and 80s. Some will die in their 50s and 60s before they can enjoy a single day of retirement. Some die young, in their 20s, 30s and 40s.

I am very fortunate and blessed to be able to retire at 44. I have so far enjoyed six years of early retirement.

I am very happy and grateful as I have achieved FIRE (Financial Independence, Retire Early) while still enjoying a very good and comfortable lifestyle in Singapore, one of the top cities in the world and the best city to live in Asia.

As a millionaire, I am very lucky to be among the top 0.25% in the world. This privilege gives me a strong motivation to volunteer at charities to help the poor and needy. I am humbled by this privilege. With privilege comes responsibility.
Reply With Quote
  #11776 (permalink)  
Old 14-08-2019, 08:40 AM
Unregistered
Guest
 
Posts: n/a
Default

poly fresh grad earning 24k PA in 12 months
Reply With Quote

  #11777 (permalink)  
Old 15-08-2019, 03:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Private uni fresh grad, 38.4k PA. Not too sure about bonuses yet, been working for 8 months.
Had to service study loan of 17k currently, had been paying interest for 2 years & principal + interest for 8 months.


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
  #11778 (permalink)  
Old 21-08-2019, 05:01 PM
Unregistered
Guest
 
Posts: n/a
Default

We are a couple (early 40s)
Property worth SGD 3mio
Loan SGD 2mio
Cash / Investments SGD 900k
Combined CPF - SGD 500k
Car – Fully Paid
Combined Income pa SGD 500k
Savings pa SGD 210k
Reply With Quote
  #11779 (permalink)  
Old 21-08-2019, 06:37 PM
Unregistered
Guest
 
Posts: n/a
Default

Fresh grad, cited ~70k for average package.
Reply With Quote
  #11780 (permalink)  
Old 26-08-2019, 11:47 PM
Unregistered
Guest
 
Posts: n/a
Default

You are a very wise man. Enjoy life when you’re still young and healthy. No point retiring so late and when your health is poor. Many retirees will live in poor health even though they live till their 80s. Retire early and enjoy retirement in good health. Those people who are already rich but want to continue becoming richer and working so hard until they become sick and then die are not so smart. All the wealth they work so hard for cannot be enjoyed by them. Their children will just squander their wealth and they enjoy life and retire early.

Quote:
Originally Posted by Unregistered View Post
Former finance professional. Millionaire.
Retired at 44 after a successful career.
Lives in a mortgage-free 3 bedroom luxury condominium unit.
Drives a loan-free continental luxury car.

Grew up in a lower middle class family.
Worked very hard. Did well in school and career.
Moved up the social and economic ladder.
Moved up to the upper class.
Achieved the Singapore Dream.

Earning passive income from investment portfolio. Net worth grew steadily over the years.

Besides growing my investment portfolio and spending more time with my family, I volunteer at charities to help the poor and needy.

Life is indeed a lot better now.
I am happier and healthier.
Life is more meaningful and fulfilling.
I feel blessed for helping the less fortunate.

Life is not about the endless pursuit of material wealth. The hunger for material wealth, power and status is never ending by those who are fooled by this world.

True wealth = sufficient material wealth + spiritual and emotional wealth + physical and mental health + spending time with family + free time to enjoy and do what we want + travel the world + lots of reading on many subject matters + meaningful fulfilling relationships + giving back to society + richness in life experiences.

We only live once on this earth. YOLO. Time on this earth is the most valuable asset which no one knows how much he is given. No one knows when he is going to die. Every second spent will be gone forever. A lucky few will die in their 90s while most will die in their 70s and 80s. Some will die in their 50s and 60s before they can enjoy a single day of retirement. Some die young, in their 20s, 30s and 40s.

I am very fortunate and blessed to be able to retire at 44. I have so far enjoyed six years of early retirement.

I am very happy and grateful as I have achieved FIRE (Financial Independence, Retire Early) while still enjoying a very good and comfortable lifestyle in Singapore, one of the top cities in the world and the best city to live in Asia.

As a millionaire, I am very lucky to be among the top 0.25% in the world. This privilege gives me a strong motivation to volunteer at charities to help the poor and needy. I am humbled by this privilege. With privilege comes responsibility.
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
Roles in accenture singapore ( 1 2 3... Last Page)
400 Replies, 262,133 Views
How much to ask for starting pay... ( 1 2 3... Last Page)
87 Replies, 7,133 Views
What is typical RSU and sign on?
3 Replies, 243 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,010 Replies, 792,797 Views
Dsta ( 1 2 3... Last Page)
824 Replies, 559,831 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
219 Replies, 129,723 Views
How to properly manage the income?
4 Replies, 251 Views
Career as Teacher ( 1 2 3... Last Page)
2,826 Replies, 1,703,944 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,518 Replies, 1,072,282 Views
ST Electronics ( 1 2 3... Last Page)
782 Replies, 236,059 Views
Big Four Promotion/Bonus/Incr... ( 1 2 3)
26 Replies, 5,160 Views
How much does a nurse earn ? ( 1 2)
11 Replies, 20,584 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
122 Replies, 29,022 Views
MFA- Foreign Service... ( 1 2)
19 Replies, 2,602 Views
DBS Strategic Advisory
0 Replies, 96 Views
Lawyer Salary ( 1 2 3... Last Page)
8,983 Replies, 2,920,230 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,996 Replies, 3,806,020 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
721 Replies, 362,261 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
641 Replies, 467,267 Views
How to know you are not fit for...
6 Replies, 756 Views
Software developers salary outlier ( 1 2)
11 Replies, 2,041 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,378 Replies, 952,240 Views
anyone working at NCS ? ( 1 2 3... Last Page)
415 Replies, 306,442 Views
How to avoid giving pass salary...
8 Replies, 670 Views
Job Application with MOE... ( 1 2 3... Last Page)
219 Replies, 216,430 Views
Compare civil service salary ( 1 2 3... Last Page)
10,577 Replies, 5,806,513 Views
Whats your net worth ( 1 2 3... Last Page)
2,759 Replies, 819,047 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,374 Replies, 1,974,713 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,392 Replies, 580,229 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
78 Replies, 117,661 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:15 PM.


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