How much are you earning per annum?

[lazyplane]

When i read post like this i am really amused.

cos if this is true, then U are likely a grad that i will never hire.

Originally Posted by Unregistered

24 years old. Just offered a job 71.5k sgd per annum (this includes aws 13th month) plus potential variable bonus (???))

Any advise whether i shld take up this offer?

Btw can anyone advise where to find the stats of 2013 spore median salary?

you have these options for retirement:

1. sell your condo at $1.5m in 10 years time. buy a studio hdb flat for $100k. your savings will increase by $300k. so you have cash of $1.7m. you buy 5% dividend yield stock to give you dividend of $85k pa or $7k pm.

2. rent out your condo for $5k pm in 10 years time. you will get $60k pa. convert to RM and retire in Malaysia (can be jb, kl, malacca, penang, etc). you will get RM156k pa or RM13k pm.

3. you can do (2) and retire in chiang mai, krabi or koh samui. avoid bangkok.

Originally Posted by Unregistered

50, sole breadwinner, $130k pa. Savings, $30k pa.
Condo, worth $1.1m, paid up. Car, paid up.
Total net worth (condo/cash/cpf), $1.4m.

Can any guru here advise how my spouse and I can retire comfortably when we reach 60?
How much do we need per month to retire (very simple lifestyle)?
Thanks.

Originally Posted by Unregistered

24 years old. Just offered a job 71.5k sgd per annum (this includes aws 13th month) plus potential variable bonus (???))

Any advise whether i shld take up this offer?

Btw can anyone advise where to find the stats of 2013 spore median salary?

If you are offered a job as a cleaner, then this is a fantastic offer. If it's for a F1 driver, then maybe not so much. Context, remember that !

Originally Posted by lazyplane

When i read post like this i am really amused.

cos if this is true, then U are likely a grad that i will never hire.

@Lazyplane, kindly enlighten how is this amusing ?. As far as I know, when a company pays me $1, they expect a ROI of $10. I have successfully displayed my potential in the past 2 years. WHich was why I was offered this position.

[lazyplane]

Originally Posted by Unregistered

@Lazyplane, kindly enlighten how is this amusing ?. As far as I know, when a company pays me $1, they expect a ROI of $10. I have successfully displayed my potential in the past 2 years. WHich was why I was offered this position.

ha ha .... i rest my case.... i m sure now u r a fake

Middle income couple, 47 / 48, 200k pa total. Lives in a high end condo, valued at 2m, paid up. Cash, CPF, stocks, car, 500k. Couple net worth combined, 2.5m.

Retirement plan: At 65, we will sell our condo and downgrade to a small studio condo. We will then invest the balance cash in various high yielding investments such as high quality blue chips. We will also get some payout from our CPF Life monthly payout. In total, this should give up enough passive income for our retirement.

Congrats, you're a millionaire couple. Your combined net worth is very high. I think you're in the top 1% among Singaporean couples, in terms of net worth.

Originally Posted by Unregistered

Middle income couple, 47 / 48, 200k pa total. Lives in a high end condo, valued at 2m, paid up. Cash, CPF, stocks, car, 500k. Couple net worth combined, 2.5m.

Retirement plan: At 65, we will sell our condo and downgrade to a small studio condo. We will then invest the balance cash in various high yielding investments such as high quality blue chips. We will also get some payout from our CPF Life monthly payout. In total, this should give up enough passive income for our retirement.

Life gonna shortchange you at any time.Anything can happen.Accident/illness or whatever disaster.Retire at 65 hopefully god answer your prayers

Hi I'm a 29 year old with 3 years of working experience. Getting married this year and applying for a BTO flat. I was reading through most of the posts in this forum, and find the below particularly interesting. If what he said is true, I would be optimistic about my career (as I work in the financial industry but getting a fraction of his pay) and optimsitic about my financial situation...

Originally Posted by Unregistered

Ok, what do you need to be convinced. I can provide as much info as possible as long as it doesn't compromise my anonymity.

Age: 39, 37
Work: both in financial industry, in a support function (so not your banker, salesperson, trader etc)
Total income: $509K, $230K (I didn't say I earned $740K, I said "We")
Residence: 5rm HDB, our first property and lived for 14 years.
Car: 6-yr MPV (red-plated as we work downtown and don't drive to work. Use the car only on weekends to ferry kids).
Income tax for FY2014: $44.5K, $1.7K cos of working mothers' tax relief, SRS, CPF top-up etc.
Savings: $1.7m (adding around $300K per year not counting investment returns, as I mentioned we save 65% of MONTHLY income plus whatever is left over from spending the bonus)
Networth: $4.3m at end 2013.

Agree we are in a good position but as I said, I know of many people of my age who are much better financially. So I learn not to compare, but am really sincere in learning from the forumers here to increase my wealth and financial knowledge. tks.

[LowIncomeUser]

I am 40, I am a low incomer earner, only 100K per annum. The other half only 90K per annum.
No car only got a race bike. No maid but got one child. Still servicing mortgage of a HDB flat and a landed properties.
You guys are damn rich. Life is tough man.