How much are you earning per annum? - Page 502 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How much are you earning per annum?

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #5011 (permalink)  
Old 05-08-2014, 10:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Wrong. It should be

1. Fully paid up condo.
2. Financial independence. Have choice to not work anymore.
3. Fully paid up car.
4. Lots of cash.
5. Millionaire status.

These are the ultimate Singapore dream.
Only the smart ones will achieve this.
Everything listed here is related to $$$. Family, health and being happy and contented are more important than any of these materials.

Reply With Quote
  #5012 (permalink)  
Old 06-08-2014, 08:07 AM
Unregistered
Guest
 
Posts: n/a
Default

The hard reality is: if you own and live in a condo in Singapore, you are definitely considered the upper class, much higher than the middle class. Don't try to console yourself by saying this and that, the truth is owning and living in a condo is a status symbol. That is why most Singaporeans aspire to own and live in a condo. Those who can't make it go for ECs, which is a lesser cousin of PCs, but better than public flats.

Reply With Quote
  #5013 (permalink)  
Old 06-08-2014, 12:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Hello,

While I appreciate your comments, I take issue with them.

Why are you not happy when I say that I am in the top 15%? What is your problem? I work hard everyday to achieve what I have achieved and this is a big achievement for me since I came from a low income family. To own a condo, fully paid up some more, is a BIG acheivement mind you. Tell me, how many people in their 40s have fully paid up their condo mortgage? Those who bought flats, many paid up but those who bought a condo, not may paid up their mortgage.

My condo is NOT a MM unit. It is a decent size 3 bedroom unit. You just need to find hard for good deals.

You can still live in a condo and live a humble life. A humble life means you are humble, don't look down at others, speak nicely to people and buy a car you can afford.



Quote:
Originally Posted by Unregistered View Post
I wanted to applaud you on your happy life, but there are certain parts in your story I took issue with.

1. Those staying in condos are not necessary the top 15% (neither in wealth nor achievements). For eg, your household income and net worth will be below many HDB dwellers. It would have been enough to just say that you are among the 15% staying in a condo, rather than among the top 15%.

2. You bought a brand new condo last year at $1m -- this must be a MM unit. Last year, the prices for most new condos especially newly TOP ones were still commanding >$1K psf. If that were true, your condo would be smaller than a 5 roomer HDB.

3. It would be more appropriate to describe your lifestyle as simple rather than humble. If you want a humble life you shouldnt have moved to a condo. Your aspiration to own a condo also dont quite jell with living a simple lifestyle.

Reply With Quote
  #5014 (permalink)  
Old 06-08-2014, 03:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hello,

While I appreciate your comments, I take issue with them.

Why are you not happy when I say that I am in the top 15%? What is your problem? I work hard everyday to achieve what I have achieved and this is a big achievement for me since I came from a low income family. To own a condo, fully paid up some more, is a BIG acheivement mind you. Tell me, how many people in their 40s have fully paid up their condo mortgage? Those who bought flats, many paid up but those who bought a condo, not may paid up their mortgage.

My condo is NOT a MM unit. It is a decent size 3 bedroom unit. You just need to find hard for good deals.

You can still live in a condo and live a humble life. A humble life means you are humble, don't look down at others, speak nicely to people and buy a car you can afford.
Good deals = old lousy condo development.

I don't care about condo no condo. What's the big deal?
Would you rather have a $950 wallet with $50 inside, or a $50 wallet with $950 inside?

I stay in an 5-room with my own corridor and the $272k I spent on renovation & furniture is more high tech than 99.5% of houses out there - automated. I can turn on aircon, close/open doors, vacuum the floor, record TV shows, open/close curtains, wash clothes, wash dishes, feed dog, feed fishes, fill my Jacuzzi tub, turn on my Jacuzzi, all from my phone as long as I have internet connection. I have my own Uninterruptible Power Supply ~ 3hr for essential operation of my robotic house.

Also, 7-11, DBS & UOB ATM, postbox are downstairs. Neighbourhood police post adjacent block. Post office 2mins away, MRT 6min sheltered walk, shopping mall and 2 supermarkets all within 7 mins normal walking speed (not Property Agents "3 min" walking speed).

All of this convenience - still 20% cheaper than "good deal condo" which is old, crumbling and my kids still need to walk 10mins to nearest bus stop. Of if there is another condo that is convenient, then my current house is 40% cheaper than the expensive convenient one.

Condo so what, just means you got "face" when you write you address down on lucky draw coupon. Will you take a picture of your condo and stick on your forehead to walk everywhere to advertise "Eh dun play play, I stay condo".
Reply With Quote
  #5015 (permalink)  
Old 06-08-2014, 05:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Good deals = old lousy condo development.

I don't care about condo no condo. What's the big deal?
Would you rather have a $950 wallet with $50 inside, or a $50 wallet with $950 inside?

I stay in an 5-room with my own corridor and the $272k I spent on renovation & furniture is more high tech than 99.5% of houses out there - automated. I can turn on aircon, close/open doors, vacuum the floor, record TV shows, open/close curtains, wash clothes, wash dishes, feed dog, feed fishes, fill my Jacuzzi tub, turn on my Jacuzzi, all from my phone as long as I have internet connection. I have my own Uninterruptible Power Supply ~ 3hr for essential operation of my robotic house.

Also, 7-11, DBS & UOB ATM, postbox are downstairs. Neighbourhood police post adjacent block. Post office 2mins away, MRT 6min sheltered walk, shopping mall and 2 supermarkets all within 7 mins normal walking speed (not Property Agents "3 min" walking speed).

All of this convenience - still 20% cheaper than "good deal condo" which is old, crumbling and my kids still need to walk 10mins to nearest bus stop. Of if there is another condo that is convenient, then my current house is 40% cheaper than the expensive convenient one.

Condo so what, just means you got "face" when you write you address down on lucky draw coupon. Will you take a picture of your condo and stick on your forehead to walk everywhere to advertise "Eh dun play play, I stay condo".
You sounded like someone who is having inferiority complex. You picked on the other poster's post for no apparent reason other than "I have issue with your post".

To put into perspective, I also have issue with your post as I cannot understand why you want to invest so much to make your entire home state-of-the-art. It's a bloody 1 floor home and you can just move around and do most of it by yourself. If you have money to burn, then please burn it on something more worthwhile. You sounded like one lazy fat bastard who doesn't bother to do anything by yourself. I do hope you still know how to operate those items manual if your internet connection dies. Seriously....
Reply With Quote
  #5016 (permalink)  
Old 06-08-2014, 07:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You sounded like someone who is having inferiority complex. You picked on the other poster's post for no apparent reason other than "I have issue with your post".

To put into perspective, I also have issue with your post as I cannot understand why you want to invest so much to make your entire home state-of-the-art. It's a bloody 1 floor home and you can just move around and do most of it by yourself. If you have money to burn, then please burn it on something more worthwhile. You sounded like one lazy fat bastard who doesn't bother to do anything by yourself. I do hope you still know how to operate those items manual if your internet connection dies. Seriously....

Hahaha... I also have an automated home. Even better don't need internet connection. My system is named m.a.i.d. In terms of convenience, my porch has 4 cars that allow me to be within driving distance to Orchard. I believe cause everything you have is inside... nobody cannot see. So come here haolian like nobody business. For me, put address at Dampsey already enough wow factor.... get a life.
Reply With Quote

  #5017 (permalink)  
Old 06-08-2014, 10:15 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Good deals = old lousy condo development.

I don't care about condo no condo. What's the big deal?
Would you rather have a $950 wallet with $50 inside, or a $50 wallet with $950 inside?

I stay in an 5-room with my own corridor and the $272k I spent on renovation & furniture is more high tech than 99.5% of houses out there - automated. I can turn on aircon, close/open doors, vacuum the floor, record TV shows, open/close curtains, wash clothes, wash dishes, feed dog, feed fishes, fill my Jacuzzi tub, turn on my Jacuzzi, all from my phone as long as I have internet connection. I have my own Uninterruptible Power Supply ~ 3hr for essential operation of my robotic house.

Also, 7-11, DBS & UOB ATM, postbox are downstairs. Neighbourhood police post adjacent block. Post office 2mins away, MRT 6min sheltered walk, shopping mall and 2 supermarkets all within 7 mins normal walking speed (not Property Agents "3 min" walking speed).

All of this convenience - still 20% cheaper than "good deal condo" which is old, crumbling and my kids still need to walk 10mins to nearest bus stop. Of if there is another condo that is convenient, then my current house is 40% cheaper than the expensive convenient one.

Condo so what, just means you got "face" when you write you address down on lucky draw coupon. Will you take a picture of your condo and stick on your forehead to walk everywhere to advertise "Eh dun play play, I stay condo".

Let me offer another perspective. Stay in condo or hdb is no different as long as that is your only property. The key to make money is that one must have >= 1 property.

And since you cannot have more than 1 hdb, having an ADDITIONAL condo besides an HDB is the only possibility to make money.
Reply With Quote
  #5018 (permalink)  
Old 06-08-2014, 10:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The hard reality is: if you own and live in a condo in Singapore, you are definitely considered the upper class, much higher than the middle class. Don't try to console yourself by saying this and that, the truth is owning and living in a condo is a status symbol. That is why most Singaporeans aspire to own and live in a condo. Those who can't make it go for ECs, which is a lesser cousin of PCs, but better than public flats.
I disagree with that, I personally know 2 people who make average salaries of about 7K per month which I consider middle class? Both are in their mid 30's and both own a 2 Bedroom condo with full facilities in locations near MRT. Parents are not well off. And both also happen to be singles.

Another one couple make about 5 - 8K each and also bought a 4 Bedroom condo good area near MRT. Not central but near good amenities.

Condo's are not what they used to be, I am very sure 30% of the HDB owners can easily buy a condo if they wanted assuming they sold their current properties and took a decent loan.

So unless you're telling me your condo is in Ardmore Park or along Tanglin road its going to be hard to decide who is middle and who is upper class.
Reply With Quote
  #5019 (permalink)  
Old 06-08-2014, 11:00 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I disagree with that, I personally know 2 people who make average salaries of about 7K per month which I consider middle class? Both are in their mid 30's and both own a 2 Bedroom condo with full facilities in locations near MRT. Parents are not well off. And both also happen to be singles.

Another one couple make about 5 - 8K each and also bought a 4 Bedroom condo good area near MRT. Not central but near good amenities.

Condo's are not what they used to be, I am very sure 30% of the HDB owners can easily buy a condo if they wanted assuming they sold their current properties and took a decent loan.

So unless you're telling me your condo is in Ardmore Park or along Tanglin road its going to be hard to decide who is middle and who is upper class.
Nowadays, shoebox unit can be easily bought. Those also called condo. Bottomline, unless your networth isn't 7 digits, you're just well off. Upper class is the creme de la creme.
Reply With Quote
  #5020 (permalink)  
Old 06-08-2014, 11:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Nowadays, shoebox unit can be easily bought. Those also called condo. Bottomline, unless your networth isn't 7 digits, you're just well off. Upper class is the creme de la creme.
Then we should simplify the equation and follow the banks rule and use investable assets to determine that. Which is cash and liquid assets not including personal dwelling.
Reply With Quote
Reply

Bookmarks

Tags
bond, bond breaking, income pa, lawyer, saf

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Industries with Highest Proportion Earning 5-Figure Monthly Income Salary.sg Income and Jobs 23 06-08-2017 05:46 PM
Lawyer earning $25k/mth forged $65k payslip to get job Salary.sg Income and Jobs 2 30-12-2011 02:42 PM

» 30 Recent Threads
Advisable to volunteer to be...
2 Replies, 825 Views
Lawyer Salary ( 1 2 3... Last Page)
8,985 Replies, 2,923,117 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
213 Replies, 100,017 Views
Compare civil service salary ( 1 2 3... Last Page)
10,578 Replies, 5,808,748 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
729 Replies, 362,802 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,381 Replies, 952,784 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,011 Replies, 793,906 Views
Career as Teacher ( 1 2 3... Last Page)
2,828 Replies, 1,705,032 Views
Big Four Promotion/Bonus/Incr... ( 1 2 3)
28 Replies, 5,493 Views
Passive income ideas? ( 1 2 3)
23 Replies, 16,545 Views
Anyone applied to MTI before as... ( 1 2 3)
23 Replies, 1,723 Views
Roles in accenture singapore ( 1 2 3... Last Page)
402 Replies, 262,491 Views
Dsta ( 1 2 3... Last Page)
825 Replies, 560,262 Views
What is typical RSU and sign on?
4 Replies, 336 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,524 Replies, 1,073,742 Views
Ntu sociology degree ( 1 2 3... Last Page)
59 Replies, 48,323 Views
How much to ask for starting pay... ( 1 2 3... Last Page)
87 Replies, 7,615 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
219 Replies, 129,942 Views
How to properly manage the income?
4 Replies, 301 Views
ST Electronics ( 1 2 3... Last Page)
782 Replies, 236,716 Views
How much does a nurse earn ? ( 1 2)
11 Replies, 20,655 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
122 Replies, 29,239 Views
MFA- Foreign Service... ( 1 2)
19 Replies, 2,672 Views
DBS Strategic Advisory
0 Replies, 120 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,996 Replies, 3,806,705 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
641 Replies, 467,349 Views
How to know you are not fit for...
6 Replies, 791 Views
Software developers salary outlier ( 1 2)
11 Replies, 2,068 Views
anyone working at NCS ? ( 1 2 3... Last Page)
415 Replies, 306,633 Views
How to avoid giving pass salary...
8 Replies, 708 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:45 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2