How much are you earning per annum?

Originally Posted by Unregistered

I think there are too simply many guys who have quit work and who invest and take care of kids at home while the wife is out there slogging away. It can't be and it's against nature.

I think ITS THE SAME GUY POSTING OVER AND OVER to justify his unfortunate position.

I agree, this guy is very free, keep posting same story again and again

I am 45 still gainfully employed, still very happy working and earning 350++k a year to provide my family, and spending quality time with family on weekends and two overseas holiday every year

Originally Posted by Unregistered

I think there are too simply many guys who have quit work and who invest and take care of kids at home while the wife is out there slogging away. It can't be and it's against nature.

I think ITS THE SAME GUY POSTING OVER AND OVER to justify his unfortunate position.

I think there are many guys like him. You can find them in forums such as below

SG Talk - Market Talk

I won't be too quick to pass judgement on him, indeed there are many who lost their jobs in their 40s and 50s. You could be next.

Originally Posted by Unregistered

I agree, this guy is very free, keep posting same story again and again

I am 45 still gainfully employed, still very happy working and earning 350++k a year to provide my family, and spending quality time with family on weekends and two overseas holiday every year

Do not be too happy with where you are. Do not look down at others. You could be next in line. Learn from others' experience and be prepared when the day comes.


Jobless NUS engineer who earned $100,000 before willing to reduce salary by 30% but to no avail|Support Site for The Unemployed & Underemployed

Originally Posted by Unregistered

I think there are too simply many guys who have quit work and who invest and take care of kids at home while the wife is out there slogging away. It can't be and it's against nature.

I think ITS THE SAME GUY POSTING OVER AND OVER to justify his unfortunate position.

Can you help him?

I hope if there are HR managers in this forum, please help.


IT specialist breadwinner earned more than $10,000/month now jobless and feeling lost|Support Site for The Unemployed & Underemployed

Originally Posted by Unregistered

Do not be too happy with where you are. Do not look down at others. You could be next in line. Learn from others' experience and be prepared when the day comes.


Jobless NUS engineer who earned $100,000 before willing to reduce salary by 30% but to no avail|Support Site for The Unemployed & Underemployed

Sorry Hor, What experience are you talking about??? Its the same egomaniac talking about his ego trip over and over, he doesn't share any stock tips, property tips or any of that to help people here. Its just the generic bs about working his ass off, made a small fortune, now can take it easy at his condo and raise his kids and do charity work.

How many people on this forum can apply that logic and reach that goal so easily? Some of us have obligations which he may not have, some of us may be in the good fortune of not being in the same shitty job he had so why should we follow?

Although I too work its not for a living, my investable net worth (mainly inheritance, yes I beh pai seh about it) is about 10M (excluding residence), Should I keep posting about how I enjoy my life to feel good about myself or actually share experiences on how to generate wealth to actually benefit people???

People are just tired of reading the same bs over and over, he seems like a poor dude made good which is damn pei fu at first, but his thick skin got in the way so now no respect.

If you are reading this, go and do more charity work please and stop regurgitating yourself like broken record. Then you donate like 5 Million to some Ren Ci foundation and put your name BIG BIG on the board so everyone can see. Then come here and boast to us about it and where to find your BIG BIG name. By then even Lim Pei will Salute you! Okay?

Originally Posted by Sam Adams

it doesnt mean anything because just cause some people have doesnt mean you will, just cause nobody has doesnt mean you cant.

Yeah i understand your hypothetical answer. But i'm just trying to get a rough gauge from someone who has been through that route n uni and what he/she is currently achieving is their career thats all.

Combined couple income, $240k pa. Live in a 3 room HDB flat, no more loan. We love living in a small HDB flat as we enjoy the many rebates and we pay low property taxes. Hence we can afford to own a big luxury German car. Our cash savings is now $2m. We hope to retire in 5 years time when we reach 55. We will retire in Penang to take care of our elderly parents. With $2m, we can convert to get RM5.2m, more than enough to retire there.

Back office role in bulge bracket IB.

1st year - 52k

Manager, grad, $140k pa.
Wife, non-grad, office worker, $50k pa.
I pay the condo mortgage, car loan, car maintenance, car petrol, car insurance, renovation loan, kids tuition, family insurance, utilities bill, broadband.
Wife spends on groceries and her clothings.

For my family:

I pay for:

1. 50% of the condominium mortgage payment.
2. Car related expenses (instalment, oil, repair and maintenance, insurance, road tax, ERP fees, car wash and polish, inspection costs, etc). Big cc luxury continental car.
3. My personal income tax.
4. Health insurance payments for me and our son.
5. Electricity, water and gas charges.
6. Internet and cable subscription cost.
7. Contributions to my parents.
8. Children’s tuition costs.
9. Recreation and holidays.
10. My personal expenses.

Total expenses paid by me: $6,900 per month or $82,800 per year.
I earn $124,000 per year. My savings is $41,200 per year.

My wife pays for:

1. 50% of the condominium mortgage payment and property tax.
2. Condominium conservancy charges.
3. Groceries and food related expenses.
4. Children’s pocket money.
5. Her personal income tax.
6. Health insurance payments for her and our daughter.
7. Contributions to her parents.
8. Maid’s salary and levy.
9. Recreation and holidays.
10. Her personal expenses.

Total expenses paid by my wife: $6,500 per month or $78,000 per year.
My wife earns $116,000 per year. Her savings is $38,000 per year.

Summary:

Total family income is $240,000 per year.
Total family expenditure is $160,800 per year.
Total family savings is $79,200 per year.