How much are you earning per annum? - Page 635 - 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
  #6341 (permalink)  
Old 04-01-2015, 05:06 PM
Unregistered
Guest
 
Posts: n/a
Default We are going to retire rich

My family and I plan to move from our landed home this year to a condo to take advantage of our landed property price. Our landed property price rose too much and we decided to take profit and so we can make 100m dollars. After that we will move to a new condo and pay for it in cash. We are going to enjoy staying in a condo because of the beautiful landscaping and the amenities in Sentosa Cove.

We realized that living in our landed home had a few advantages: (1) we can park many cars in our compound (2) people walk pass and stop there looking at our home to admire (3) DIY little at the garden to sweat (4) enjoying high standard of living (5) keep 5 dogs (6) private security with Gurka (7) Driver by the side. The only not so good thing about staying in too big landed property is must communicate with family members using hand phone.

When my wife and I finally retire, we plan to retire in a condo not because we love condo living too much. We rather stay in a small studio condo unit rather than moving to a even bigger bungalow in the park. I will be able to see my wife every moment as and when I like, minus the telephone communication as what we are doing now. We then buy a studio condo unit for $800k, we will have $100m cash to buy dividend stocks which can give us dividends.

I am going to donate 10k a month to a forumer who deserve. You know very well we Singaporean are the richest in this part of the world!



SG Bus Timing App
SG Bus Timing App - the best bus app - available on iPhone


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
  #6342 (permalink)  
Old 04-01-2015, 05:41 PM
Unregistered
Guest
 
Posts: n/a
Default

We are a mid 40s couple, 43/45, working class family.
Income from salaries $150k pa combined.
Passive income from our CPF (we love the guaranteed returns of our OA, SA, MA) $22k pa.
Total income $172k pa.
Savings $42k pa.
We bought a 3 bedroom condo for $600k in 2003. Now paid up and valued at $1.4m.
Own a 3 year old car, paid up.
Debt free.

Reply With Quote
  #6343 (permalink)  
Old 04-01-2015, 05:45 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
My family and I plan to move from our landed home this year to a condo to take advantage of our landed property price. Our landed property price rose too much and we decided to take profit and so we can make 100m dollars. After that we will move to a new condo and pay for it in cash. We are going to enjoy staying in a condo because of the beautiful landscaping and the amenities in Sentosa Cove.

We realized that living in our landed home had a few advantages: (1) we can park many cars in our compound (2) people walk pass and stop there looking at our home to admire (3) DIY little at the garden to sweat (4) enjoying high standard of living (5) keep 5 dogs (6) private security with Gurka (7) Driver by the side. The only not so good thing about staying in too big landed property is must communicate with family members using hand phone.

When my wife and I finally retire, we plan to retire in a condo not because we love condo living too much. We rather stay in a small studio condo unit rather than moving to a even bigger bungalow in the park. I will be able to see my wife every moment as and when I like, minus the telephone communication as what we are doing now. We then buy a studio condo unit for $800k, we will have $100m cash to buy dividend stocks which can give us dividends.

I am going to donate 10k a month to a forumer who deserve. You know very well we Singaporean are the richest in this part of the world!
as i said, man i need to open a mental institution in singapore, with all the stress so many crazies lurking around as posers or just down right mentally ill....

Reply With Quote
  #6344 (permalink)  
Old 04-01-2015, 07:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Yes, many people are not aware that the CPF is another avenue to grow your money. In the current low interest rate climate, the 2.5% in the OA and 4% in the SA and MA are very good returns indeed, some more it's guaranteed.

This was what we did to maximize the CPF returns:
1. Top up the SA to the limit. We did that 10 years ago, and now our SA exceeds $200k each.
2. Put cash back into our OA account the money we withdrew to pay for our home. If you can pay back to your OA account the full amount you took out to buy your home, the CPF will no longer "charge" you interest.
3. Put our extra cash into our children and parents' CPF accounts to take advantage of the tax savings

For us, our combined interest earned from CPF totaled $45k this year! It is nice knowing that there is this chunk of money waiting for you when you hit 55!

Quote:
Originally Posted by Unregistered View Post
We are a mid 40s couple, 43/45, working class family.
Income from salaries $150k pa combined.
Passive income from our CPF (we love the guaranteed returns of our OA, SA, MA) $22k pa.
Total income $172k pa.
Savings $42k pa.
We bought a 3 bedroom condo for $600k in 2003. Now paid up and valued at $1.4m.
Own a 3 year old car, paid up.
Debt free.
Reply With Quote
  #6345 (permalink)  
Old 04-01-2015, 10:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
as i said, man i need to open a mental institution in singapore, with all the stress so many crazies lurking around as posers or just down right mentally ill....
Business may nt be that good. Think is the same 2-3 posters accounting for 95% for all posts here!
Reply With Quote
  #6346 (permalink)  
Old 05-01-2015, 03:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Mid 50s couple. We are thinking of retiring soon. Here's the plan:

Rent out our 5 room hdb flat $3k pm
Convert to RM and get RM8k pm
Rent a 3 room condo in JB RM1k pm
Food and utilities RM2k pm
Car petrol RM200 pm
Misc RM800 pm
Savings RM4k pm

We can visit our kids at their BTO flat once a fortnight.

When we reach 65, we will get $2,400 pm from CPF Life
We can save more.

Our flat and CPF Life are our assets.
Reply With Quote

  #6347 (permalink)  
Old 05-01-2015, 07:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Do it first then share with us. It will be more credible. Also there will be more things to share.

Quote:
Originally Posted by Unregistered View Post
Mid 50s couple. We are thinking of retiring soon. Here's the plan:

Rent out our 5 room hdb flat $3k pm
Convert to RM and get RM8k pm
Rent a 3 room condo in JB RM1k pm
Food and utilities RM2k pm
Car petrol RM200 pm
Misc RM800 pm
Savings RM4k pm

We can visit our kids at their BTO flat once a fortnight.

When we reach 65, we will get $2,400 pm from CPF Life
We can save more.

Our flat and CPF Life are our assets.
Reply With Quote
  #6348 (permalink)  
Old 05-01-2015, 08:11 PM
Unregistered
Guest
 
Posts: n/a
Default Are you getting paid right ??

Have you ever wonder the amount you getting is right according to the current paying trend or you are underpaid? Have a Look to a fabulous salary portal and find,compare your salary according to designation and place. The salary portal is named as NaukriHub.com and have some tools like salary calculator and salary checker.
Don't miss have a look.
Reply With Quote
  #6349 (permalink)  
Old 05-01-2015, 08:54 PM
Unregistered
Guest
 
Posts: n/a
Default

The first COE bidding for 2015 has started.

Let's celebrate!

COE prices will rise as 100,000 car owners are changing to new cars this year!!!!!!!

If your need a new car for CNY to show to your friends and relatives, buy your new car now.

With cheap oil, better to own your own car than take a taxi. Oil price drop but taxi fare never drop, so better buy new car.
Reply With Quote
  #6350 (permalink)  
Old 05-01-2015, 09:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The first COE bidding for 2015 has started.

Let's celebrate!

COE prices will rise as 100,000 car owners are changing to new cars this year!!!!!!!

If your need a new car for CNY to show to your friends and relatives, buy your new car now.

With cheap oil, better to own your own car than take a taxi. Oil price drop but taxi fare never drop, so better buy new car.
Be patient. Hold your horses. When the 100,000 tsunami quota is here in 2016, COE will drop like a rock to $30k!!
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
Roles in accenture singapore ( 1 2 3... Last Page)
391 Replies, 251,540 Views
Lawyer Salary ( 1 2 3... Last Page)
7,642 Replies, 2,619,910 Views
Mortgage Specialist Role.
2 Replies, 1,451 Views
Anyone being hired during covid... ( 1 2 3)
26 Replies, 2,103 Views
Possible to earn passive income... ( 1 2)
18 Replies, 4,294 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,296 Replies, 909,675 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
165 Replies, 77,385 Views
Anyone work for Casino (RWS/MBS) ?... ( 1 2)
12 Replies, 8,769 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,794 Replies, 273,889 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,196 Replies, 973,133 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
3,066 Replies, 1,287,059 Views
Career as Teacher ( 1 2 3... Last Page)
2,671 Replies, 1,610,411 Views
Compare civil service salary ( 1 2 3... Last Page)
10,119 Replies, 5,592,034 Views
ST Electronics ( 1 2 3... Last Page)
690 Replies, 212,537 Views
What's the graduate officer... ( 1 2 3... Last Page)
56 Replies, 13,441 Views
Tax ( 1 2)
15 Replies, 3,673 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,635 Replies, 784,699 Views
anyone working at NCS ? ( 1 2 3... Last Page)
396 Replies, 288,331 Views
How much do you earn and save? ( 1 2 3... Last Page)
104 Replies, 14,581 Views
Submitting My Resume To ST... ( 1 2 3)
23 Replies, 22,521 Views
Job offer from Apple ( 1 2 3... Last Page)
462 Replies, 88,375 Views
Sign On After 30? ( 1 2 3... Last Page)
34 Replies, 3,099 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,091 Replies, 500,963 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,298 Replies, 1,910,573 Views
Ceca
2 Replies, 290 Views
Changi Airport Group ( 1 2 3... Last Page)
378 Replies, 335,202 Views
Feeling helpless, need advice... ( 1 2)
11 Replies, 993 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,916 Replies, 1,086,835 Views
Anyone working in NTU... ( 1 2 3... Last Page)
91 Replies, 93,096 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,380 Replies, 565,490 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:14 AM.


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