How much are you earning per annum? - Page 682 - 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
  #6811 (permalink)  
Old 20-02-2015, 06:37 PM
Unregistered
Guest
 
Posts: n/a
Default

why did u buy a jap car when ur budget is high at 200K?

With budget of 120K to 150K. I could buy the Volvo at 137K or the Audi at 160K. Why do u suggest a jap car?

Reply With Quote
  #6812 (permalink)  
Old 20-02-2015, 07:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
why did u buy a jap car when ur budget is high at 200K?

With budget of 120K to 150K. I could buy the Volvo at 137K or the Audi at 160K. Why do u suggest a jap car?
He must have gotten a nice Lexus..

Reply With Quote
  #6813 (permalink)  
Old 21-02-2015, 01:23 PM
Unregistered
Guest
 
Posts: n/a
Default

We are a married couple in our forties, earning a combined household income of $180k per year. We save $30k per year. Like many grad couple, we own and live in a condominium unit (two years old condo), which is now worth $1.1m and we still have a mortgage of $240k left to clear. Here are the list of our assets:

1. Condo - $1.1m (mortgage $240k left)
2. Car - $90k (fully paid)
3. Cash and CPF savings - $600k
4. Investments - $690k

How are we doing financially? Are we in the middle income group?
Can we retire comfortably? When can we retire?
Can the gurus here please help to advise?
Thank you.



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


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
  #6814 (permalink)  
Old 21-02-2015, 02:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
We are a married couple in our forties, earning a combined household income of $180k per year. We save $30k per year. Like many grad couple, we own and live in a condominium unit (two years old condo), which is now worth $1.1m and we still have a mortgage of $240k left to clear. Here are the list of our assets:

1. Condo - $1.1m (mortgage $240k left)
2. Car - $90k (fully paid)
3. Cash and CPF savings - $600k
4. Investments - $690k

How are we doing financially? Are we in the middle income group?
Can we retire comfortably? When can we retire?
Can the gurus here please help to advise?
Thank you.

any car within 90k ? preferably new.
Reply With Quote
  #6815 (permalink)  
Old 21-02-2015, 02:23 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
any car within 90k ? preferably new.
Not a new car.
Reply With Quote
  #6816 (permalink)  
Old 21-02-2015, 02:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Not a new car.
got la. Nissan Note. Small, cheap and good.
Reply With Quote

  #6817 (permalink)  
Old 21-02-2015, 03:05 PM
Unregistered
Guest
 
Posts: n/a
Default

You can retire now if you retire in KL. Let's assume you have no kids.

1. Sell your condo and pay off your loan. You get $860k cash balance.
2. Sell your car. You get $90k.
3. Combine all your cash and your investments in a 5% dividend yield stocks. The total amount you invest is = $(860+90+690)k = $1.64m. Your annual dividends is $82k pa.
4. Convert your dividend into RM, you get RM213k pa.
5. You will live rich in KL with RM213k pa.
- rent a 3 bedroom condo in the posh Mont Kiara area - only RM3k pm or RM36k pa
- buy a brand new local car RM60k
- food (eating at restaurants) RM3k pm
- lots of savings


Quote:
Originally Posted by Unregistered View Post
We are a married couple in our forties, earning a combined household income of $180k per year. We save $30k per year. Like many grad couple, we own and live in a condominium unit (two years old condo), which is now worth $1.1m and we still have a mortgage of $240k left to clear. Here are the list of our assets:

1. Condo - $1.1m (mortgage $240k left)
2. Car - $90k (fully paid)
3. Cash and CPF savings - $600k
4. Investments - $690k

How are we doing financially? Are we in the middle income group?
Can we retire comfortably? When can we retire?
Can the gurus here please help to advise?
Thank you.
Reply With Quote
  #6818 (permalink)  
Old 21-02-2015, 06:10 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
What I don't understand is why those who can qualify for EC not go for EC? The qualifying salary ceiling is $12k pm.

Why stretch your finances unnecessarily and compete out of your league. After taking out a huge loan for the condo, you will be hard pressed to follow through with a car to keep appearances with your neighbors. All these are unnecessary.

Live within your means and your life will be happier. There is enough stress from work already, no need to take on more on the home front!
I agree w your thoughts. Many sgreans are clearly gambling with their retirement and it only takes another crisis for people to wake up again. Property prices in sg are clearly over the roof and I know many who entered in recent years are going with a lot of hope - thats all. The maths does not add up. I am not a sour grape (I've stayed in condo for many years and can do away it anytime), just a realistic grape. Usually people need to go through their life experiences rather than learn from others experiences. As they say, best medicine are bitter.
Reply With Quote
  #6819 (permalink)  
Old 21-02-2015, 06:30 PM
Unregistered
Guest
 
Posts: n/a
Default

it's about time to have a global financial crisis and reset everybody's expectations.
also good for the next generation to start picking up more affordable housing and cars.
Reply With Quote
  #6820 (permalink)  
Old 21-02-2015, 08:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
it's about time to have a global financial crisis and reset everybody's expectations.
also good for the next generation to start picking up more affordable housing and cars.
Yes, that will be good. I want to buy a GCB but it is now beyond my reach. A GCB in a good location costs at least $10m. If it drop to $1m, then I can buy one.
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
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,520 Replies, 1,512,455 Views
Roles in accenture singapore ( 1 2 3... Last Page)
1,611 Replies, 407,353 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
75 Replies, 4,657 Views
Lawyer Salary ( 1 2 3... Last Page)
12,237 Replies, 4,017,471 Views
DBS tech seed programme ( 1 2 3... Last Page)
730 Replies, 148,185 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,726 Replies, 1,033,904 Views
Compare civil service salary ( 1 2 3... Last Page)
12,031 Replies, 6,875,154 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,182 Replies, 590,425 Views
Queries about Custom Officer
0 Replies, 39 Views
ST Electronics ( 1 2 3... Last Page)
2,194 Replies, 469,884 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
417 Replies, 198,295 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
355 Replies, 214,263 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
2,583 Replies, 1,900,587 Views
How much CPF do u have? ( 1 2 3)
24 Replies, 14,890 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
620 Replies, 146,375 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
652 Replies, 508,992 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,411 Replies, 4,165,633 Views
Career as Teacher ( 1 2 3... Last Page)
3,623 Replies, 2,248,075 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,279 Replies, 1,250,273 Views
Dsta ( 1 2 3... Last Page)
947 Replies, 675,730 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
329 Replies, 81,494 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
164 Replies, 124,102 Views
Dentist Salary ( 1 2)
15 Replies, 16,434 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,797 Replies, 2,330,390 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
45 Replies, 10,485 Views
GIC career ( 1 2 3... Last Page)
301 Replies, 420,228 Views
Civil Service: Questions about the... ( 1 2 3)
21 Replies, 24,694 Views
NUS working environment and pay... ( 1 2 3... Last Page)
116 Replies, 104,859 Views
What is Capgemini senior analyst ? ( 1 2)
15 Replies, 432 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:45 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2