How much are you earning per annum? - Page 763 - 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
  #7621 (permalink)  
Old 17-05-2015, 04:52 PM
Unregistered
Guest
 
Posts: n/a
Default

I see many rich posters here. Most people are however not as rich as these people. A typical family here lives in a hdb flat, owns a small car, dual income and earns a total of $90k pa.

How much do we really need in retirement?
Today, if your hdb flat is paid up, you don't drive, these are what you need for you and wife per month

1. Food and groceries (eat hawker food and home cooked food) $600
2. Utilities $100
3. Public transport (no taxi) (with senior concession) $50
4. Medical insurance $400
5. Medical expenses $100
6. Donations $50
7. Holidays $200
8. Miscellaneous $300

Total $1800 per month or $21,600 pa

So you don't need so much.



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
  #7622 (permalink)  
Old 17-05-2015, 06:33 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I see many rich posters here. Most people are however not as rich as these people. A typical family here lives in a hdb flat, owns a small car, dual income and earns a total of $90k pa.

How much do we really need in retirement?
Today, if your hdb flat is paid up, you don't drive, these are what you need for you and wife per month

1. Food and groceries (eat hawker food and home cooked food) $600
2. Utilities $100
3. Public transport (no taxi) (with senior concession) $50
4. Medical insurance $400
5. Medical expenses $100
6. Donations $50
7. Holidays $200
8. Miscellaneous $300

Total $1800 per month or $21,600 pa

So you don't need so much.
This one year expense is easily earned by the forumers whose HH income is $30k pm but super stressful.

Reply With Quote
  #7623 (permalink)  
Old 17-05-2015, 07:05 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
This one year expense is easily earned by the forumers whose HH income is $30k pm but super stressful.
This kind of jobs sure die young. Either heart attack or some diseases. Max 60 years old. That's why the super high flying, super stressed bankers who make tons of money retire in their 40s. Super smart and super successful guys.

Reply With Quote
  #7624 (permalink)  
Old 17-05-2015, 08:00 PM
Unregistered
Guest
 
Posts: n/a
Default

30k HH income is actually not that difficult for double income families who are relatively well educated.

Let's take a 48 y.o couple.

If Husband is a Director at a stat board and wife is a Snr Mgr or DD at a GLC, then the husband should be drawing about 11k a month and wife is about 9k

With bonuses of about 5 months including AWS, that is 20k x 18months = 360k.
Reply With Quote
  #7625 (permalink)  
Old 17-05-2015, 10:49 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
30k HH income is actually not that difficult for double income families who are relatively well educated.

Let's take a 48 y.o couple.

If Husband is a Director at a stat board and wife is a Snr Mgr or DD at a GLC, then the husband should be drawing about 11k a month and wife is about 9k

With bonuses of about 5 months including AWS, that is 20k x 18months = 360k.
Wow. That's a lot of money. They are likely to own more than one property and more than one car.

No wonder COE is still high. Next week bidding will escalate further.

Huat ah!
Reply With Quote
  #7626 (permalink)  
Old 17-05-2015, 11:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Very enlightening post. Makes me wonder why some people with passive income of $100k pa still thinks this is not enough. I think the problem is not the amount be their greed and attachment to this world. Attachment to wealth, status, pride, ego. A truly rich person is one with less needs, no need for status, wealth, pride and ego.

Quote:
Originally Posted by Unregistered View Post
I see many rich posters here. Most people are however not as rich as these people. A typical family here lives in a hdb flat, owns a small car, dual income and earns a total of $90k pa.

How much do we really need in retirement?
Today, if your hdb flat is paid up, you don't drive, these are what you need for you and wife per month

1. Food and groceries (eat hawker food and home cooked food) $600
2. Utilities $100
3. Public transport (no taxi) (with senior concession) $50
4. Medical insurance $400
5. Medical expenses $100
6. Donations $50
7. Holidays $200
8. Miscellaneous $300

Total $1800 per month or $21,600 pa

So you don't need so much.
Reply With Quote

  #7627 (permalink)  
Old 17-05-2015, 11:57 PM
Fiery
Guest
 
Posts: n/a
Default Retail

32 years old
Assistant Sales Manager
50k-60k pa

My wife is 26 years old making 50k pa
We have a six-year-old kid and a humble HDB flat to live in comfort while planning to build on our portfolio for long term financial security. Just dunno where to start from though, anyone can share some good advice?
Reply With Quote
  #7628 (permalink)  
Old 18-05-2015, 03:02 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Very enlightening post. Makes me wonder why some people with passive income of $100k pa still thinks this is not enough. I think the problem is not the amount be their greed and attachment to this world. Attachment to wealth, status, pride, ego. A truly rich person is one with less needs, no need for status, wealth, pride and ego.
My Conti car yearly depreciation already $20k/year.
Enough to use that to retire simply if I don't drive a car right?


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
  #7629 (permalink)  
Old 18-05-2015, 07:41 AM
Unregistered
Guest
 
Posts: n/a
Default

Stress comes about when a person is not well matched to job, regardless how high or how low his pay is. If a person does not have the skill, personality and the capability to handle a certain job, he will be stressed out.

Contrary to what people think, many top earners are there because they have what it takes to be at the top positions. They have the drive, leadership qualities and the skills to get there and maintain their positions. And these people, after earning their millions, will continue to contribute as advisors or consultants well into their late 60s.

On the other hand, if you do not have the right skillset, drive nor personality, you will be stressed out even at a not-so-high paying job. For eg., the guy earning $150k a year said he is very stressed out by his job, but $150k pa is not that much! There are posters here who can save $350k pa! Top bankers, lawyers, doctors and other specialists earned more than a $1m each year. Are they stressed? Yes, but I think they can handle it.

Quote:
Originally Posted by Unregistered View Post
This kind of jobs sure die young. Either heart attack or some diseases. Max 60 years old. That's why the super high flying, super stressed bankers who make tons of money retire in their 40s. Super smart and super successful guys.
Reply With Quote
  #7630 (permalink)  
Old 18-05-2015, 09:12 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Fiery View Post
32 years old
Assistant Sales Manager
50k-60k pa

My wife is 26 years old making 50k pa
We have a six-year-old kid and a humble HDB flat to live in comfort while planning to build on our portfolio for long term financial security. Just dunno where to start from though, anyone can share some good advice?
Wife 26 kid 6 yo. Your wife married you at 19? Having college education? Fantastic for her to earn 50k. Believe she must be doing her own business.
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
GovTech ( 1 2 3... Last Page)
5,163 Replies, 2,164,531 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,317 Replies, 4,984,508 Views
Career as Teacher ( 1 2 3... Last Page)
10,845 Replies, 6,669,769 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,050 Replies, 440,687 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,491 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,239 Replies, 3,399,633 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,772,090 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
171 Replies, 309,461 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
680 Replies, 388,722 Views
Compare civil service salary ( 1 2 3... Last Page)
16,343 Replies, 12,457,474 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,330,619 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,802 Replies, 1,045,024 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,226 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,457 Replies, 784,673 Views
Is getting a PMP worth it ?
4 Replies, 7,167 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,707 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,498 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,423 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,657,332 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,323 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,017 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,824 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,790 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,712 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,648 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,771 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,934 Views
MX12 reappointed at MX11
8 Replies, 845 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,688 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,448 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:56 PM.


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