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How much are you earning per annum?

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  #2261 (permalink)  
Old 24-04-2013, 02:47 PM
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Default Systems Engineer

Grad from SIM bachelor's in Computer Science 2010
2.5 years exp
2670 sgd nett monthly for 2years.
recently got promoted to 3200 nett monthly.

Am I underpaid?

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  #2262 (permalink)  
Old 24-04-2013, 02:49 PM
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Grad from SIM bachelor's in Computer Science 2010
2.5 years exp
2670 sgd nett monthly for 2years.
recently got promoted to 3200 nett monthly.

Am I underpaid?
Forgot to mention, there is AWS and VB of up to 2months.

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  #2263 (permalink)  
Old 28-04-2013, 09:07 AM
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Next month I will resign from my job to seek the true meaning of life. Life is short and I may die soon. You never know, you can suddenly die at the age of 60 due to cancer. I am already 53.

I will then no longer be earning more than $100k pa as a salaried employee but only $36k pa as a poor landlord. I have no other liabilities. I will focus on doing charity and helping the poor.

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  #2264 (permalink)  
Old 28-04-2013, 11:00 AM
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Forgot to mention, there is AWS and VB of up to 2months.
3200*15=48000

I think you can do slightly better. Maybe time to job hop
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  #2265 (permalink)  
Old 28-04-2013, 03:25 PM
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Originally Posted by Unregistered View Post
Next month I will resign from my job to seek the true meaning of life. Life is short and I may die soon. You never know, you can suddenly die at the age of 60 due to cancer. I am already 53.

I will then no longer be earning more than $100k pa as a salaried employee but only $36k pa as a poor landlord. I have no other liabilities. I will focus on doing charity and helping the poor.
I don't think people suddenly die due to cancer, heart attack maybe.
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  #2266 (permalink)  
Old 28-04-2013, 05:36 PM
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Originally Posted by Unregistered View Post
Next month I will resign from my job to seek the true meaning of life. Life is short and I may die soon. You never know, you can suddenly die at the age of 60 due to cancer. I am already 53.

I will then no longer be earning more than $100k pa as a salaried employee but only $36k pa as a poor landlord. I have no other liabilities. I will focus on doing charity and helping the poor.
Interesting forum this. Many views and opinions. Here is my story.

25 years ago, my wife & I set a target of $1M to save (not including the property we stay in) and then retire or to shift gear to a more relaxed lifestyle. We achieved that in 15 yrs. Seeing how the cost of living has crept up, we raised that target to $1.5M. We hit that target in 5 more yrs. Again, with persistent high inflation, we raised the target once more to $2M, we hit that 2 yrs ago. Now at 50 yrs of age, we still have not achieved peace of mind to call it a day. Our target now is $3M. With careful investment and passive income of $80K per yr, we are well on our way to hit $3M in 3 yrs time.

It dawned on us that what will give peace of mind is the continuous stream of income rather than the amount saved. With $3M, I think we could generate a stable stream of passive income of $120K per yr. I think then we could either retire or shift gear.


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  #2267 (permalink)  
Old 29-04-2013, 02:08 PM
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Default may i know where i stand?

Hi,

im a male going 29 this year, in the IT industry with about 3yr++ of exp going to 4yr.

i earn exactly 50k last year base on yr2013 income tax filing. This sum includes my 13th mth and performance bonus.

my basic was 3150 between aug 2011 to jul 2012 and it was increase to 3380 since aug 2012

any liao jie to shine some light on my career on where i stand?
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  #2268 (permalink)  
Old 29-04-2013, 02:22 PM
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Originally Posted by Unregistered View Post
Hi,

im a male going 29 this year, in the IT industry with about 3yr++ of exp going to 4yr.

i earn exactly 50k last year base on yr2013 income tax filing. This sum includes my 13th mth and performance bonus.

my basic was 3150 between aug 2011 to jul 2012 and it was increase to 3380 since aug 2012

any liao jie to shine some light on my career on where i stand?

dude, you got diploma or degree?
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  #2269 (permalink)  
Old 29-04-2013, 02:39 PM
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dude, you got diploma or degree?
sorry for that missing info.

i got a degree from SIM Glodal Education.

additionally, i do not have any promotion yet over the 3.5yr
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  #2270 (permalink)  
Old 29-04-2013, 03:44 PM
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Quote:
Originally Posted by Unregistered View Post
Interesting forum this. Many views and opinions. Here is my story.

25 years ago, my wife & I set a target of $1M to save (not including the property we stay in) and then retire or to shift gear to a more relaxed lifestyle. We achieved that in 15 yrs. Seeing how the cost of living has crept up, we raised that target to $1.5M. We hit that target in 5 more yrs. Again, with persistent high inflation, we raised the target once more to $2M, we hit that 2 yrs ago. Now at 50 yrs of age, we still have not achieved peace of mind to call it a day. Our target now is $3M. With careful investment and passive income of $80K per yr, we are well on our way to hit $3M in 3 yrs time.

It dawned on us that what will give peace of mind is the continuous stream of income rather than the amount saved. With $3M, I think we could generate a stable stream of passive income of $120K per yr. I think then we could either retire or shift gear.
Thanks for your story. Could you also share why you are aiming for $120k per year? Is this your annual expenditure? Or have you included a buffer for future inflation and unexpected expenses (like medical?).
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