How much are you earning per annum?

Originally Posted by Unregistered

With cowards like you around, it is no wonder minority shareholders get bullied all the time.

what are you all talking about?
what do you mean by company bosses, shareholders ?
care to shed some light? i want to go on this path too.

why do I get the feeling a lot are ********ting here...
Inflated numbers, overblown egos...
And no, I am not a sour grape...I am fairly comfortable myself, but certainly not as dua-kang as some clowns here.

We will never know the true postings from the big cannons. Each one seems logical and unbelievable at the same time. But I do enjoy reading them just the same. If the postings were untrue it just goes to show what people are dreaming of. If true, it shows what people are earning and already enjoying.

Again this salary.sg site: Benchmark Your Household Income 2013 | Salary.sg - Your Salary in Singapore has some reference for comparison. Accuracy not verified, but it claimed to derive the database from IRAS.

According to the Department of Statistics, Singapore has slightly over 3 million resident workers. And from the salary.sg website, 10% of them make an average of $30k pm.

10% of 3 million workers is 300,000 people! That means 300,000 people here are walking around with $30k income per month!

20% of them earn $15k pm or 600,000 people earn that amount.

We also read in the newspapers people buying multiple properties here and investing in properties overseas, consistent with some of the postings here. So, yes, I tend to believe there is some truths in the postings here, but not the full truths. For eg, a guy may have 2 properties and 2 cars, but his claim that he has no more loans may not be true.

Originally Posted by Unregistered

why do I get the feeling a lot are ********ting here...
Inflated numbers, overblown egos...
And no, I am not a sour grape...I am fairly comfortable myself, but certainly not as dua-kang as some clowns here.

Originally Posted by Unregistered

According to the Department of Statistics, Singapore has slightly over 3 million resident workers. And from the salary.sg website, 10% of them make an average of $30k pm.

I can't find the data. Could you point me to the data please? Is it household income or individual income?

That's household income lah. Some households could have a lot of people working, parents and children so the figure will be quite high. For individual incomes, should refer to this: Salary.sg - Your Salary in Singapore

But it is also very possible there are many high powered couples here, both husbands and wives are professionals earning above $150k each. All this thanks to the gahmen policy of pairing graduates up using the SDU program last time.

Originally Posted by Unregistered

We will never know the true postings from the big cannons. Each one seems logical and unbelievable at the same time. But I do enjoy reading them just the same. If the postings were untrue it just goes to show what people are dreaming of. If true, it shows what people are earning and already enjoying.

Again this salary.sg site: Benchmark Your Household Income 2013 | Salary.sg - Your Salary in Singapore has some reference for comparison. Accuracy not verified, but it claimed to derive the database from IRAS.

According to the Department of Statistics, Singapore has slightly over 3 million resident workers. And from the salary.sg website, 10% of them make an average of $30k pm.

10% of 3 million workers is 300,000 people! That means 300,000 people here are walking around with $30k income per month!

20% of them earn $15k pm or 600,000 people earn that amount.

We also read in the newspapers people buying multiple properties here and investing in properties overseas, consistent with some of the postings here. So, yes, I tend to believe there is some truths in the postings here, but not the full truths. For eg, a guy may have 2 properties and 2 cars, but his claim that he has no more loans may not be true.

Originally Posted by Unregistered

We are a middle income Singaporean family in our late forties, earning a combined income of $200k. We don't have any mortgage or car loans as we have paid up all our loans. Feels good to be debt free. Our condo is now worth $1.6m and our stocks are worth $1m. Our cash and CPF about $500k.

Very comfortable position, well done!!
Take time to smell roses please

We sold our terrace last year for $3m, paid off the outstanding mortgage of $500k, and then bought a condo for $1m. Plus our cash savings, we have $2m which we invested in blue chip dividend stocks and REITs and got $100k pa of dividend income. I have decided to quit my job to focus on my investments. I'm now 47 years old. My wife, 38, is still working, earning $90k pa. Our annual expenses is now only $80k pa as we no longer have any debt, so I have $110k per year to invest. I need the time and focus to invest in global stocks properly and make good use of my investment knowledge. I aim to grow my stocks portfolio from $2m to $5m by the time I retire at 65. By then I will be able to generate $250k pa of dividends. Both my wife and I can then retire.

I am trying to do the same, but without retiring. In my earlier post, I stated I could only muster 2.5% returns on my net worth. Instead of putting my investible money into 1 basket, I spread it into stocks ($1m) and property ($1m).

Can you share how much of your CPF is included into your $2m that you invested in dividend paying blue chip stocks? When you sold off your terrace house, did you not have to return some money to your CPF (both yours and wife?)

Do you have children? If so, $80k pa seems a bit low for a family staying in a condo.

Originally Posted by Unregistered

We sold our terrace last year for $3m, paid off the outstanding mortgage of $500k, and then bought a condo for $1m. Plus our cash savings, we have $2m which we invested in blue chip dividend stocks and REITs and got $100k pa of dividend income. I have decided to quit my job to focus on my investments. I'm now 47 years old. My wife, 38, is still working, earning $90k pa. Our annual expenses is now only $80k pa as we no longer have any debt, so I have $110k per year to invest. I need the time and focus to invest in global stocks properly and make good use of my investment knowledge. I aim to grow my stocks portfolio from $2m to $5m by the time I retire at 65. By then I will be able to generate $250k pa of dividends. Both my wife and I can then retire.

34 yr old male degree holder from local uni.
earn 75k (include all bonusess and allowances)

Originally Posted by Unregistered

I can't find the data. Could you point me to the data please? Is it household income or individual income?

I'm not that poster. As I'm also curious, I did some googling. Here's what I found.

From page 9 of this link:
http://www.singstat.gov.sg/Publicati...ure/pp-s19.pdf

The average of the top 10% households is $11,552. It is the monthly income per household member.

I can't find the average number for no. of household members, but I'm guessing it's around 3.

So 30k/mth is about right.