How much are you earning per annum? - Page 1245 - 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
  #12441 (permalink)  
Old 12-07-2021, 01:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
We can also retire when we reach 55 yo. We own a paid up condo worth $1m. If we sell it and then downgrade to a $500k HDB 5 room flat, we can get $500k cash. We also have CPF savings in CPF Ordinary Account. We plan to choose the CPF Life ERS so our CPF Life can give us about $4500 pm in total when we reach 65. Its exciting to know that we can retire in 5 years time.
If youre willing to downgrade then no problem. Your desire to relax and retire early at 55 must be greater than worrying about what others think of you downgrading. Anyway you live your own life. Do what makes you happy. Why care about face or what other people think of you.

Reply With Quote
  #12442 (permalink)  
Old 13-07-2021, 02:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
If youre willing to downgrade then no problem. Your desire to relax and retire early at 55 must be greater than worrying about what others think of you downgrading. Anyway you live your own life. Do what makes you happy. Why care about face or what other people think of you.
Downgrading is no problem at all. Many people downgrade to fund their retirement. There are those who sell their landed properties and buy HDB flats to retire.

For example they sell their landed properties for $3 mil. Then buy a HDB flat for $500k. They have $2.5 mil to travel and enjoy life. No need to worry at all.

Reply With Quote
  #12443 (permalink)  
Old 13-07-2021, 04:39 PM
Unregistered
Guest
 
Posts: n/a
Default

32yo male + 31yo female
M: Fund management
F: non-sales financial sector.

Annual Base: $160k (M) + $90k (F)
Recent Bonus: $72k (M) + $11k (F)
*all not inclusive of employer CPF
**before CPF deduction

Assets
House: NA (but looking around)
Car: $40k value (fully paid up 4yr remaining)
Cash Savings: $50k (M) + $110k (F)
Investments NAV: $230k (M) + $10k (F)
Insurance: not sure about the value but we pay about $5k annually each

Liabilities/Expenditure:
Loans: NA
Parents Pocket Money: $1.2k (M) + $800 (F)
Normal Monthly expenses: $1.5k (M) + $2.0k (F)
One off items: ~$10k/annum (M) + ~$10k/annum (F)

Reply With Quote
  #12444 (permalink)  
Old 13-07-2021, 06:13 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
32yo male + 31yo female
M: Fund management
F: non-sales financial sector.

Annual Base: $160k (M) + $90k (F)
Recent Bonus: $72k (M) + $11k (F)
*all not inclusive of employer CPF
**before CPF deduction

Assets
House: NA (but looking around)
Car: $40k value (fully paid up 4yr remaining)
Cash Savings: $50k (M) + $110k (F)
Investments NAV: $230k (M) + $10k (F)
Insurance: not sure about the value but we pay about $5k annually each

Liabilities/Expenditure:
Loans: NA
Parents Pocket Money: $1.2k (M) + $800 (F)
Normal Monthly expenses: $1.5k (M) + $2.0k (F)
One off items: ~$10k/annum (M) + ~$10k/annum (F)
High income and high expenses.
Reply With Quote
  #12445 (permalink)  
Old 14-07-2021, 07:49 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Downgrading is no problem at all. Many people downgrade to fund their retirement. There are those who sell their landed properties and buy HDB flats to retire.

For example they sell their landed properties for $3 mil. Then buy a HDB flat for $500k. They have $2.5 mil to travel and enjoy life. No need to worry at all.
I know of a high flyer friend in the corporate sector who sold his landed property, made a good profit from the sale and downgraded to a condominium apartment. He is now retired and focuses his life on doing charity work for free and improved on his health. He is debt free. Ive never seen him happier and healthier. He retired in his mid 40s. Super high achiever in Singapore.
Reply With Quote
  #12446 (permalink)  
Old 14-07-2021, 12:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
32yo male + 31yo female
M: Fund management
F: non-sales financial sector.

Annual Base: $160k (M) + $90k (F)
Recent Bonus: $72k (M) + $11k (F)
*all not inclusive of employer CPF
**before CPF deduction

Assets
House: NA (but looking around)
Car: $40k value (fully paid up 4yr remaining)
Cash Savings: $50k (M) + $110k (F)
Investments NAV: $230k (M) + $10k (F)
Insurance: not sure about the value but we pay about $5k annually each

Liabilities/Expenditure:
Loans: NA
Parents Pocket Money: $1.2k (M) + $800 (F)
Normal Monthly expenses: $1.5k (M) + $2.0k (F)
One off items: ~$10k/annum (M) + ~$10k/annum (F)
Even with those expenses, how do you (the guy) have so little savings with that salary? Was it a recent increment? I'm turning 28 in a few months making slightly over $10k/mth and I have 160k NAV in investments. My expenses are about 1-1.5k/mth
Reply With Quote

  #12447 (permalink)  
Old 14-07-2021, 01:29 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
10m per annum trader here.

agreed with what u said in general.

i am similar except i am only in my thirties.

nowadays i do whatever i want, whenever i want.

i also engage high-class escorts and sugarbabies regularly for pleasure.

and massage when market is closed to relax.

i laugh at all the idiots still running the rat race while im richer than they can ever be in a lifetime.
I bet you're the type that enters via the backdoor
Reply With Quote
  #12448 (permalink)  
Old 14-07-2021, 08:12 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Even with those expenses, how do you (the guy) have so little savings with that salary? Was it a recent increment? I'm turning 28 in a few months making slightly over $10k/mth and I have 160k NAV in investments. My expenses are about 1-1.5k/mth
definitely did not start out this way. my first salary at 27 was $60k/annum.
i've been giving parental allowance of >$1k since the start.
Plus I had my education loan to repay when i first started ($28k) +($40k for masters to family members).

But i take your point. Need to earn more to catch up then.
Reply With Quote
  #12449 (permalink)  
Old 14-07-2021, 08:36 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
definitely did not start out this way. my first salary at 27 was $60k/annum.
i've been giving parental allowance of >$1k since the start.
Plus I had my education loan to repay when i first started ($28k) +($40k for masters to family members).

But i take your point. Need to earn more to catch up then.
Did you start out in the FO?
Reply With Quote
  #12450 (permalink)  
Old 15-07-2021, 09:41 AM
Unregistered
Guest
 
Posts: n/a
Default

Anyone feels like the economy reopening is not worth it? Feels like the free flow of FTs from covid infected countries are leading to a new covid outbreak in Singapore
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
Roles in accenture singapore ( 1 2 3... Last Page)
5,924 Replies, 1,572,779 Views
Career as Teacher ( 1 2 3... Last Page)
7,697 Replies, 4,784,471 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
5,273 Replies, 2,959,750 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,797 Replies, 2,502,678 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
10,069 Replies, 3,587,416 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,651 Replies, 3,771,247 Views
MOH Holdings ( 1 2 3... Last Page)
41 Replies, 17,530 Views
Credit Suisse salary ( 1 2 3... Last Page)
44 Replies, 25,774 Views
Lawyer Salary ( 1 2 3... Last Page)
19,051 Replies, 8,349,145 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
159 Replies, 85,203 Views
ST Electronics ( 1 2 3... Last Page)
3,290 Replies, 1,121,768 Views
Compare civil service salary ( 1 2 3... Last Page)
15,276 Replies, 10,653,839 Views
merit increment in civil service ( 1 2 3... Last Page)
104 Replies, 155,813 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,381 Replies, 716,468 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
308 Replies, 203,189 Views
HSBC Bank ( 1 2 3... Last Page)
43 Replies, 73,492 Views
GovTech ( 1 2 3... Last Page)
3,602 Replies, 1,298,087 Views
Singapore Airlines
2 Replies, 964 Views
Dso & htx
8 Replies, 1,301 Views
Tech business
4 Replies, 891 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,156 Replies, 844,155 Views
...
0 Replies, 65 Views
How much do you need to retire... ( 1 2 3)
22 Replies, 20,387 Views
...
0 Replies, 52 Views
...
0 Replies, 82 Views
...
1 Replies, 109 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,732 Replies, 5,841,428 Views
IBM salaries ( 1 2)
13 Replies, 1,231 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,133 Replies, 866,279 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 10:53 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2