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How much are you earning per annum?

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  #12861 (permalink)  
Old 04-12-2021, 01:18 AM
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Thatís quite low, Iím 30 and in finance at 300k+
pls, 300k wanna show off, next pls

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  #12862 (permalink)  
Old 04-12-2021, 08:42 PM
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imagine spending your free time replying to yourself lol cringe

this is why SG is laughed at, even online

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  #12863 (permalink)  
Old 06-12-2021, 11:08 PM
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What do you guys do to earn so much? I work in the big 4 8 years post grad experience now at 34yo and not even 5 digitsÖ

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  #12864 (permalink)  
Old 07-12-2021, 12:39 AM
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What do you guys do to earn so much? I work in the big 4 8 years post grad experience now at 34yo and not even 5 digitsÖ
Ability to think critically and solve problems . Just having post grad or what not and work like a cw will not earn u kuch
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  #12865 (permalink)  
Old 07-12-2021, 07:03 AM
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What do you guys do to earn so much? I work in the big 4 8 years post grad experience now at 34yo and not even 5 digitsÖ

In reality it may not totally matter how good you are in your work or what you do.

Your boss and his or her bosses must like you and value you. Then you will get your promotion and move up.

See what you can do in your situation. Maybe can consider changing role..Not difficult to transit out of Big4.
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  #12866 (permalink)  
Old 07-12-2021, 08:46 AM
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My spouse and I are in our early fifties and have worked long hours all our lives. We are very successful as we own a luxury condominium unit and a European luxury car which are both fully paid up. We have zero debt.

However with all this success we are wondering why we are working so hard. So we will retire in a few years time after collecting our CPF. We also plan to monetise our property by selling it away and keeping cash in our bank accounts. We will have a few hundred thousands to spend in our retirement until the time we get our CPF Life.

Life is short. Itís time to retire. I suppose retiring at 55 or 56 years old is not a big deal at all in Singapore as there are corporate high flyers in this group who retired in their forties.
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  #12867 (permalink)  
Old 07-12-2021, 10:49 AM
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My spouse and I are in our early fifties and have worked long hours all our lives. We are very successful as we own a luxury condominium unit and a European luxury car which are both fully paid up. We have zero debt.

However with all this success we are wondering why we are working so hard. So we will retire in a few years time after collecting our CPF. We also plan to monetise our property by selling it away and keeping cash in our bank accounts. We will have a few hundred thousands to spend in our retirement until the time we get our CPF Life.

Life is short. Itís time to retire. I suppose retiring at 55 or 56 years old is not a big deal at all in Singapore as there are corporate high flyers in this group who retired in their forties.


Retiring can also mean doing something you and your wife always want to do without the consideration of double earned income. Go and learn to invest a fraction of your property proceed to earn some passive income. I would say there are many other meaningful things both of you can do during retirement than continue to slog in the present careers. When you look back you will discover that it is all well worth it!
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  #12868 (permalink)  
Old 07-12-2021, 12:12 PM
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My spouse and I are in our early fifties and have worked long hours all our lives. We are very successful as we own a luxury condominium unit and a European luxury car which are both fully paid up. We have zero debt.

However with all this success we are wondering why we are working so hard. So we will retire in a few years time after collecting our CPF. We also plan to monetise our property by selling it away and keeping cash in our bank accounts. We will have a few hundred thousands to spend in our retirement until the time we get our CPF Life.

Life is short. Itís time to retire. I suppose retiring at 55 or 56 years old is not a big deal at all in Singapore as there are corporate high flyers in this group who retired in their forties.

Yes you will wonder why you are still working so hard. As you retire, don't stop learning and doing things you like. Health and spending quality time should be your priority now.
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  #12869 (permalink)  
Old 07-12-2021, 12:46 PM
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Hi,

I am curious in terms of the net worth amount when you claimed to be "very successful"?

I don't own a European car and stayed in HDB. We are in our early 50's have a net worth of $3.8M.

Am thinking to retire when hit $6M networth of including a $600K HDB flat target by 54yrs. Current debt is only the HDB loan $27K. What sustain the passive income would be from the CPF,investment and private annuity aiming to be at least $100K/yr



Quote:
Originally Posted by Unregistered View Post
My spouse and I are in our early fifties and have worked long hours all our lives. We are very successful as we own a luxury condominium unit and a European luxury car which are both fully paid up. We have zero debt.

However with all this success we are wondering why we are working so hard. So we will retire in a few years time after collecting our CPF. We also plan to monetise our property by selling it away and keeping cash in our bank accounts. We will have a few hundred thousands to spend in our retirement until the time we get our CPF Life.

Life is short. Itís time to retire. I suppose retiring at 55 or 56 years old is not a big deal at all in Singapore as there are corporate high flyers in this group who retired in their forties.
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  #12870 (permalink)  
Old 07-12-2021, 09:20 PM
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Quote:
Originally Posted by Unregistered View Post
My spouse and I are in our early fifties and have worked long hours all our lives. We are very successful as we own a luxury condominium unit and a European luxury car which are both fully paid up. We have zero debt.

However with all this success we are wondering why we are working so hard. So we will retire in a few years time after collecting our CPF. We also plan to monetise our property by selling it away and keeping cash in our bank accounts. We will have a few hundred thousands to spend in our retirement until the time we get our CPF Life.

Life is short. Itís time to retire. I suppose retiring at 55 or 56 years old is not a big deal at all in Singapore as there are corporate high flyers in this group who retired in their forties.
Just wondering, how is having a few hundred thousands to spend until CPF life considered successful?
Unless you mean a few hundred K per year from passive income.
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