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.

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 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
DBS Management Associate Program... ( 1 2 3... Last Page)
1,284 Replies, 233,963 Views
Compare civil service salary ( 1 2 3... Last Page)
9,652 Replies, 5,445,154 Views
Lawyer Salary ( 1 2 3... Last Page)
5,698 Replies, 2,379,312 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
921 Replies, 738,954 Views
Diploma in Digital Marketing at...
2 Replies, 970 Views
Q: Management Associate at SGX ( 1 2 3... Last Page)
81 Replies, 11,662 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
77 Replies, 61,997 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,811 Replies, 1,056,952 Views
Mask price discount in cb period
0 Replies, 23 Views
Insurance Management Associate... ( 1 2 3... Last Page)
59 Replies, 16,108 Views
Marsh Graduate Development Program ( 1 2 3... Last Page)
43 Replies, 4,152 Views
Pay grade at CSA ( 1 2 3... Last Page)
102 Replies, 23,489 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,565 Replies, 1,250,655 Views
Roles in accenture singapore ( 1 2 3... Last Page)
327 Replies, 240,156 Views
ITE lecturer ( 1 2 3... Last Page)
120 Replies, 113,573 Views
All about Home Affairs Senior... ( 1 2 3... Last Page)
168 Replies, 169,157 Views
Cold calls/emails to HR
8 Replies, 986 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
244 Replies, 45,803 Views
Whats your net worth ( 1 2 3... Last Page)
2,710 Replies, 779,694 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,156 Replies, 879,023 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,207 Replies, 1,858,168 Views
Dentist Salary
7 Replies, 6,026 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
55 Replies, 10,308 Views
Our Poll Results: 45% Fresh... ( 1 2 3... Last Page)
47 Replies, 21,166 Views
Singtel Management Associate... ( 1 2 3... Last Page)
124 Replies, 81,578 Views
Dsta ( 1 2 3... Last Page)
803 Replies, 533,435 Views
Possible to earn passive income... ( 1 2)
12 Replies, 2,306 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,974 Replies, 917,180 Views
High Finance Thread ( 1 2 3... Last Page)
79 Replies, 13,485 Views
Salary working for SEA FP&A... ( 1 2)
16 Replies, 1,486 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:57 PM.


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