How much are you earning per annum? - Page 564 - 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?

Reply
 
Thread Tools
  #5631 (permalink)  
Old 13-10-2014, 04:08 PM
Unregistered
Guest
 
Posts: n/a
Default

I am in the same situation as your husband. I earn less than my wife. I earn $3k pm while my wife earn $4k pm. But I do other things like trading and tuition and I earn $1.5k extra. So now I earn $4.5k, more than my wife. But I don't do housework, she does. We don't have a maid.

Quote:
Originally Posted by Unregistered View Post
Society likes to stereotypes people. Society tends to look down on husbands who earns less than the wife. My hubby earns less than me, only $4k pm, whereas I earn $8k pm. I dont mind at all as long we we share our responsibilities at home.

My hubby spends his free time tutoring our children, he helps out with the household chores and is a responsible husband and father. He is careful with his money and good at saving and investing his money. With our combined savings we can now afford to upgrade to a $1m condo. We sold our flat for $600k and paid down using our cash savings. We only need to borrow $200k in mortgages, which is very comfortable for us financially.

Reply With Quote
  #5632 (permalink)  
Old 13-10-2014, 06:28 PM
Unregistered
Guest
 
Posts: n/a
Default

49, technician, $5600 pm.
wife, 42, admin officer, $4000 pm.
Bought flat very cheap many years ago, now paid up.
Plan to sell flat for $500k to buy an EC costing $700k.
Our mortgage will only be $100k.
We look forward to living the good life in an EC.

Reply With Quote
  #5633 (permalink)  
Old 14-10-2014, 06:27 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
49, technician, $5600 pm.
wife, 42, admin officer, $4000 pm.
Bought flat very cheap many years ago, now paid up.
Plan to sell flat for $500k to buy an EC costing $700k.
Our mortgage will only be $100k.
We look forward to living the good life in an EC.
There is good life everywhere, even in hdb....if you know where to find.



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #5634 (permalink)  
Old 14-10-2014, 10:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Middle income couple, $150k pa in total. Bought a resale condo at the bottom of the property cycle in 2003, now finished paying the mortgage. Our old condo is now worth $800k. Our priority now at our age of early fifties is to build up our retirement nest egg. With no more mortgage, we can build up our CPF and cash savings. Our net worth is now $1.2m. We are aiming to grow our net worth to $2.2m before we can retire at 65. Once we reach this target, we will sell our condo and retire in a 3 room HDB flat. We will have enough passive income from our CPF Life as well as dividends from our blue chips stocks. In order to save in retirement, we will stop employing a maid and stop owning a car as there is no longer a need. We estimated that we will spend only $3k pm for food, utilities, public transport and short holidays. Our passive income will be about $6k pm. If our kids gives us allowance, we will have an additional $1k pm in total. So our total income during retirement should be $7k pm.
Reply With Quote
  #5635 (permalink)  
Old 14-10-2014, 01:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Have your children graduated? Have they started working? Are they married?

From early 50s to 65 is about 10 years. To grow your savings by another $1mil means saving $100K a year. Are you already achieving this rate of savings? If not, what are your plans to hit the target of $2.2m in 10 years?

Is your job secure ? Can you see yourself working for another 10 years?

If you answer NO to the many of the above questions, you are making way too many assumptions.

Quote:
Originally Posted by Unregistered View Post
Middle income couple, $150k pa in total. Bought a resale condo at the bottom of the property cycle in 2003, now finished paying the mortgage. Our old condo is now worth $800k. Our priority now at our age of early fifties is to build up our retirement nest egg. With no more mortgage, we can build up our CPF and cash savings. Our net worth is now $1.2m. We are aiming to grow our net worth to $2.2m before we can retire at 65. Once we reach this target, we will sell our condo and retire in a 3 room HDB flat. We will have enough passive income from our CPF Life as well as dividends from our blue chips stocks. In order to save in retirement, we will stop employing a maid and stop owning a car as there is no longer a need. We estimated that we will spend only $3k pm for food, utilities, public transport and short holidays. Our passive income will be about $6k pm. If our kids gives us allowance, we will have an additional $1k pm in total. So our total income during retirement should be $7k pm.
Reply With Quote
  #5636 (permalink)  
Old 14-10-2014, 02:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I read the comments here and ROFL.

Come on, living in a condo = high social status?

Yes, that used to be the case from 1990s and earlier. In the 90s and earlier, only the rich can afford landed and condos. HDB were the main home for many.

Fast forward to today, with the abundance of suburban shoebox size condos + some resale HDB flats priced at above 500k, you are daft to still deem ALL condos as high status. Only D9/D10 condos are worth the social status. The rest are just mass market condos to entice HDB upgraders.

I have known people with household income of 200k and above staying in 5 room HDB and also people with household income of 120k and below squeezing in shoebox condos.

Would you want to stay in HDB and drive BMW or would you want to stay in condo and take bus/MRT? And no, the reason for not buying a car is not because of convenience but because of budget.

Would you want to stay in HDB and go on 2 weeks holiday or would you want to stay in condo and go MY/Batam/Bintan for a 3D2N holiday?

Would you want to stay in HDB with money in the bank or would you want to stay in a condo with not much money in the bank?

Please open your eyes big and look around. Don't be envious of all people living in mass market condos. Some are really rich, some are just slapping themselves on the face to make themselves look fat.
Do majority people living in 5 room flat earn over 200k per year? That is no. Do majority of the condominium units in Singapore is shoebox? That is no too. There is always the minority in every case. Therefore, you cannot judge something that based of the ''minority''. Therefore, in generally term, to most ''middle'' class and ''working'' class citizens in Singapore, they still feel that condo is still a status symbol, even for mass market condominium.
Reply With Quote

  #5637 (permalink)  
Old 14-10-2014, 04:04 PM
Unregistered
Guest
 
Posts: n/a
Default

85% of Singaporeans live in HDB flats. Only 15% of Singaporeans live in landed properties or condos. About 6% live in landed and 9% live in condos.

So, if you live in a condo you are among the top 15% of the population.

No point driving a conti car but still living in a flat. To buy a conti car is so much cheaper than to upgrade from a $500k flat to a $1.5m condo.
Reply With Quote
  #5638 (permalink)  
Old 14-10-2014, 05:26 PM
Unregistered
Guest
 
Posts: n/a
Default 794

Quote:
Originally Posted by Unregistered View Post
85% of Singaporeans live in HDB flats. Only 15% of Singaporeans live in landed properties or condos. About 6% live in landed and 9% live in condos.

So, if you live in a condo you are among the top 15% of the population.

No point driving a conti car but still living in a flat. To buy a conti car is so much cheaper than to upgrade from a $500k flat to a $1.5m condo.
I will say your opinion should be a general term. Of course some people may argue that there are people who are living in condo, but their income or net worth are not in the top 15%. I agree with them but those people are the minorities among all condo households. Therefore, I will say majority of the people living in private properties are top 15%. Some of them are not, as some of the Hdb dwellers are richer than them, thus, those Hdb dwellers are in the top 15%. But there are the very minority among over 800k hdb households.
Reply With Quote
  #5639 (permalink)  
Old 14-10-2014, 08:17 PM
Unregistered
Guest
 
Posts: n/a
Default

By and large, if you own and live in a condo in Singapore, you have made it. This is most important of the 5 Cs.
Reply With Quote
  #5640 (permalink)  
Old 14-10-2014, 11:52 PM
Unregistered
Guest
 
Posts: n/a
Default

I don't consider those owning a toyota corolla, vios, suzuki swift, nissan sunny, Hyundai getz, as people who should own a car, the fact that they buy a cheap shows that they are better off taking the public transport. you SAVE more $ for your family and you also clear the roads and prevent less congestion and accidents. (you buy a cheap car because you can barely afford to own a car in the first place)

Those people driving Camry, Cefiro, Accord, Mazda 6 are the people who have the MONEY to own a PROPER car. They deserve to drive comfortably.

The rest of the top tier owning a BMW, Mercedes, Audi, Lexus, are the ones who FARKING OWNAGE. OWNAGE THE PAP government COE system. Hands-down OWNAGE. These group of drives bloody own the parking spot downstairs and the roads and all the expressways.
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 25 23-04-2021 10:40 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
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,335 Replies, 4,986,724 Views
Career as Teacher ( 1 2 3... Last Page)
10,868 Replies, 6,675,994 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,387 Replies, 2,325,691 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,811 Replies, 1,046,248 Views
GovTech ( 1 2 3... Last Page)
5,166 Replies, 2,165,924 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
682 Replies, 389,476 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
208 Replies, 134,875 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,460 Replies, 785,272 Views
Lawyer Salary ( 1 2 3... Last Page)
21,016 Replies, 10,333,558 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,051 Replies, 441,077 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
172 Replies, 310,044 Views
Compare civil service salary ( 1 2 3... Last Page)
16,346 Replies, 12,460,321 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,331 Replies, 1,142,903 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
311 Replies, 369,736 Views
Why Is Having a Google Virtual...
1 Replies, 6,812 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,240 Replies, 3,400,766 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,606 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,585 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,774,421 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,878 Views
Is getting a PMP worth it ?
4 Replies, 7,195 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,922 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,457 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,658,574 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,164 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,865 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 359,225 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,376,202 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 614,156 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,740,280 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:59 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2