How much are you earning per annum?

Firstly, please stop bullshitting. Secondly, stop using this forum as a mean to nurse your bruised ego.

Originally Posted by Unregistered

You are lucky. My family income is only $200k and we are in our late forties. Our combined net worth is only $2.6m. Our friends earn triple our income and has net worth of at least $6m. My family is among the lower income group in my circle of friends. Feeling depressed.

I noticed that many who shared in this forum all wanted to boast, giving the impression that most people are earning so much. Let me share what I got, and I am for real. I am 44 and only earning $57k per year. My spouse is 42 and earning $60k per year. And we live in a 4 room HDB flat. Laugh at us if you must, but this is reality. Those of you who earn a lot, please do not mock at others with your "I'm depressed cos I am earning only $200k" crap. Please be sensitive towards people like me.

Originally Posted by Unregistered

I noticed that many who shared in this forum all wanted to boast, giving the impression that most people are earning so much. Let me share what I got, and I am for real. I am 44 and only earning $57k per year. My spouse is 42 and earning $60k per year. And we live in a 4 room HDB flat. Laugh at us if you must, but this is reality. Those of you who earn a lot, please do not mock at others with your "I'm depressed cos I am earning only $200k" crap. Please be sensitive towards people like me.

Is it because you don't have diploma or degree ?

When comparing, it is better to look at educational backgrounds. Do you find people who studied at till your level (maybe secondary, maybe A levels, maybe ITE, maybe diploma, maybe degree, maybe phds) are earning $57k now ? If yes, well and good. If not, what else did they do?

Originally Posted by Unregistered

I noticed that many who shared in this forum all wanted to boast, giving the impression that most people are earning so much. Let me share what I got, and I am for real. I am 44 and only earning $57k per year. My spouse is 42 and earning $60k per year. And we live in a 4 room HDB flat. Laugh at us if you must, but this is reality. Those of you who earn a lot, please do not mock at others with your "I'm depressed cos I am earning only $200k" crap. Please be sensitive towards people like me.

Thanks for being honest and not add BS to this forum. It doesn't matter how much you earn or feel about it, it is more of a sharing to let everyone have a feel of the "market" in Singapore.

Some will earn more, some will earn less, but IMO, as long as we put in honest data, everyone benefits. I agree, no need to pretend to be hypocrite humble or insensitively arrogant. Just put down the numbers will do. No one is here to judge.

49, millionaire. Quit my job and now working full time for myself, managing daily my stocks portfolio, now worth $1.5m. Able to generate passive income of $70k pa in stock dividends and capital appreciation of 15% pa. Wife, 39, working, $100k pa. Our expenses $100k pa. No debt. Condo (now worth $1.2m) and car (now worth $80k) fully paid up. I'm a millionaire, wife not a millionaire yet, I'm helping her to reach millionaire status by growing her stocks portfolio. We hope to retire by 60. I will retire earlier.

I am 50, works for a foreign bank as executive director, owns a London, Singapore and Sydney apartment each. All of them will be fully paid in few years time when I opt for early retirement.
This is my only retirement passive cashflow of about 10k a month. I hope to get a golden handshake when I retire ( estimated 700k)

I dont have much savings, only less than 500k, despite earning 350k a year due to high cost of living i.e. changing BMW car every few years, bukit timah cluster house, 1 domestic helper, 2 overseas holiday, 3 kids education and wife not working.

My lifestyle is not sustainable in long run, so I will opt for a toyota car and move to a smaller condo when I retire.

You achieved very impressive returns - at 15% pa. Better than Warren Buffet. Justified to quit your work to focus on managing your stocks.

In comparison, try as we might, we could only achieve average of 2.5% return on our total net worth. Here's the breakdown (we have no loan):

1. Main property ($1.65m) - staying here so zero returns
2. CPF - $1.1m (total of OA, SA, MA) - interest $35k pa -- 3.2% returns
3. Stocks - $1m -- dividends $50k pa -- 5% returns
4. 2nd property - $1m, rental (gross) -- $40k pa -- 4% returns
5. FD : $300k. Interest - $300 --- 1% return

Total net worth : $5.05m, returns : $125k pa. Or 2.47% pa.

For us, our salaries still provide the best returns. So we will continue to work till 62 or later.

Originally Posted by Unregistered

49, millionaire. Quit my job and now working full time for myself, managing daily my stocks portfolio, now worth $1.5m. Able to generate passive income of $70k pa in stock dividends and capital appreciation of 15% pa. Wife, 39, working, $100k pa. Our expenses $100k pa. No debt. Condo (now worth $1.2m) and car (now worth $80k) fully paid up. I'm a millionaire, wife not a millionaire yet, I'm helping her to reach millionaire status by growing her stocks portfolio. We hope to retire by 60. I will retire earlier.

Originally Posted by Unregistered

I am 50, works for a foreign bank as executive director, owns a London, Singapore and Sydney apartment each. All of them will be fully paid in few years time when I opt for early retirement.
This is my only retirement passive cashflow of about 10k a month. I hope to get a golden handshake when I retire ( estimated 700k)

I dont have much savings, only less than 500k, despite earning 350k a year due to high cost of living i.e. changing BMW car every few years, bukit timah cluster house, 1 domestic helper, 2 overseas holiday, 3 kids education and wife not working.

My lifestyle is not sustainable in long run, so I will opt for a toyota car and move to a smaller condo when I retire.

You have done well. $10k per month of retirement income is a lot. With your properties all paid up, you would be worth at least S$5m. Welcome to the retirment club. I retired at 46 after I got my golden handshake, now I have a passive income of $8k per month from stocks. My penthouse is fully paid up. I dont need to drive as my condo is next to an MRT station. We have more than enough. Life is great.

Age 45, education, post sec. Job: odd job. Side line: collect 4D, lend money, pasar malam, online sales, etc.... pay: easily 500k p.a. I nvr count....and i don't pay tax.. stay in small HDB and park my cash elsewhere outside here...wife not working....

Your $5.05m is equivalent to RM13m. Why even bother to continue working? Just sell all you have and convert to RM. With RM13m, you can buy a big condo in KL for RM2m and the balance of RM11m can be spent for the rest of your life. In fact, your RM11m will outlast your life assuming you just need to spend RM100k per year. You can leave a lot behind for your kids.

Originally Posted by Unregistered

You achieved very impressive returns - at 15% pa. Better than Warren Buffet. Justified to quit your work to focus on managing your stocks.

In comparison, try as we might, we could only achieve average of 2.5% return on our total net worth. Here's the breakdown (we have no loan):

1. Main property ($1.65m) - staying here so zero returns
2. CPF - $1.1m (total of OA, SA, MA) - interest $35k pa -- 3.2% returns
3. Stocks - $1m -- dividends $50k pa -- 5% returns
4. 2nd property - $1m, rental (gross) -- $40k pa -- 4% returns
5. FD : $300k. Interest - $300 --- 1% return

Total net worth : $5.05m, returns : $125k pa. Or 2.47% pa.

For us, our salaries still provide the best returns. So we will continue to work till 62 or later.