How much are you earning per annum?

Lol, your "England" cannot make it leh.

Please explain why it is "pertinent" for COE prices to escalate because people everywhere talking about cars, new and old.

Avoid using flowery words if you don't understand their meanings.

Originally Posted by Unregistered

Everywhere you go, people talking about cars and new cars. In the office, among friends and family members, they all want new cars. Given this narrative, it is therefore pertinent for COE prices to continue escalating higher.

Originally Posted by Unregistered

Lol, your "England" cannot make it leh.

Please explain why it is "pertinent" for COE prices to escalate because people everywhere talking about cars, new and old.

Avoid using flowery words if you don't understand their meanings.

There is a limit to the level of proficiency of these car sales persons :0

Since the day we got married, we aimed high for ourselves and family. Now in our 40s, we have achieved this:

Total HH active income from salaries $120k pa.
Total passive income from dividends and CPF interests $50k pa.
We are currently staying in a 4 bedroom condo bought in 2006, now valued at $1.7m. Mortgage outstanding $400k.
We drive a 2L Jap car, bought in 2013. Loan outstanding $40k.
Our total net worth $2.2m.

Our achievements can be described as modest at best. We know of friends with net worth of $6m and above, own 3 fully paid continental cars. We have worked very hard to be where we are today, even though we could not reach the levels of the high flyers. We don't want to push ourselves very hard as we have already seen the negative effects. It is time we just focus on paying down our mortgages and loans (which are manageable) and enjoy life along the way. We will not cut back our twice a year holidays as these are the only times we can spend more time with our teenage children.

Just curious, how much do you have in your combined CPF and what is the interest you earned from that?

And how much stocks are you holding and what is the dividends derived from that?

Originally Posted by Unregistered

Since the day we got married, we aimed high for ourselves and family. Now in our 40s, we have achieved this:

Total HH active income from salaries $120k pa.
Total passive income from dividends and CPF interests $50k pa.
We are currently staying in a 4 bedroom condo bought in 2006, now valued at $1.7m. Mortgage outstanding $400k.
We drive a 2L Jap car, bought in 2013. Loan outstanding $40k.
Our total net worth $2.2m.

Our achievements can be described as modest at best. We know of friends with net worth of $6m and above, own 3 fully paid continental cars. We have worked very hard to be where we are today, even though we could not reach the levels of the high flyers. We don't want to push ourselves very hard as we have already seen the negative effects. It is time we just focus on paying down our mortgages and loans (which are manageable) and enjoy life along the way. We will not cut back our twice a year holidays as these are the only times we can spend more time with our teenage children.

Project manager with oil and gas MNC in singapore.
96k per annum plus 2.4 months bonus
10 years working experience

Originally Posted by Unregistered

Since the day we got married, we aimed high for ourselves and family. Now in our 40s, we have achieved this:

Total HH active income from salaries $120k pa.
Total passive income from dividends and CPF interests $50k pa.
We are currently staying in a 4 bedroom condo bought in 2006, now valued at $1.7m. Mortgage outstanding $400k.
We drive a 2L Jap car, bought in 2013. Loan outstanding $40k.
Our total net worth $2.2m.

Our achievements can be described as modest at best. We know of friends with net worth of $6m and above, own 3 fully paid continental cars. We have worked very hard to be where we are today, even though we could not reach the levels of the high flyers. We don't want to push ourselves very hard as we have already seen the negative effects. It is time we just focus on paying down our mortgages and loans (which are manageable) and enjoy life along the way. We will not cut back our twice a year holidays as these are the only times we can spend more time with our teenage children.

This is really commendable - congrats!

It must be pretty difficult to get a condo and a 2L Jap car with a total annual income of 120k at age 40. How much did you buy the condo and car for?

Originally Posted by hanz

Project manager with oil and gas MNC in singapore.
96k per annum plus 2.4 months bonus
10 years working experience

Hi, thanks for sharing. Is this the norm in O&G MNCs?

Do you know what's the salary progression like for an employee in an O&G MNC (e.g. Shell, Exxon), specifically for a local degree holder (e.g. Chemical engineering grad or Business grad from NUS/NTU/SMU)? Thank you.

Originally Posted by Unregistered

Since the day we got married, we aimed high for ourselves and family. Now in our 40s, we have achieved this:

Total HH active income from salaries $120k pa.
Total passive income from dividends and CPF interests $50k pa.
We are currently staying in a 4 bedroom condo bought in 2006, now valued at $1.7m. Mortgage outstanding $400k.
We drive a 2L Jap car, bought in 2013. Loan outstanding $40k.
Our total net worth $2.2m.

Our achievements can be described as modest at best. We know of friends with net worth of $6m and above, own 3 fully paid continental cars. We have worked very hard to be where we are today, even though we could not reach the levels of the high flyers. We don't want to push ourselves very hard as we have already seen the negative effects. It is time we just focus on paying down our mortgages and loans (which are manageable) and enjoy life along the way. We will not cut back our twice a year holidays as these are the only times we can spend more time with our teenage children.

They just simply Kiasu, Kiasi.
With that type of income, we know how much you can afford to spend, some much you can save, how much you spend on your children's education.
Why want to cheat?
Scare your neighbour look down upon you?
Scare your children feel inferior compare to their classmates?
Feel insecure compare to your peers?
Just live within your means, be your own selves!!

Don't get so worked up lah. His story is just his dream, it's not a true case.

He cannot answer how much was in the combined CPF and the interest earned. And he also cannot answer how much he invested in stocks and what the dividends are.

He obviously does not know what it takes to stay in a condo, own a 2.0l car and bring up a family. Way out of his depth.

I am suspecting he or she is a school dropout dreaming about the life he/she would like to have

Originally Posted by Unregistered

They just simply Kiasu, Kiasi.
With that type of income, we know how much you can afford to spend, some much you can save, how much you spend on your children's education.
Why want to cheat?
Scare your neighbour look down upon you?
Scare your children feel inferior compare to their classmates?
Feel insecure compare to your peers?
Just live within your means, be your own selves!!

Hi folks,

Today is the last day for the Singapore motor show 2015. Better go and book your new car now before it is too late.

I expect COE prices to continue its upward trend in line with the demand for new cars. Demand is expected to be greater than the supply for COEs. There are many people who are waiting for COE prices to drop so the more people wait the greater the demand will be when they finally have to buy the new car. Don't wait for the last minute rush to buy your new car. Avoid the period of panic buying when people see prices will only go higher and higher.

Good luck in buying your new car now. Don't need to buy expensive car models. Just buy a simple $100k - $120k car and pay in cash. Don't need to take any car loan as you have to pay lots of interest. Just remember a car is a depreciating asset and just a piece of junk metal after 10 years.