How much are you earning per annum? - Page 764 - 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
  #7631 (permalink)  
Old 18-05-2015, 09:37 AM
Fiery
Guest
 
Posts: n/a
Smile Not self employed

Quote:
Originally Posted by Unregistered View Post
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.
Lol.. She is not self employed, well we got married while she is young and pursued higher education to complete her double degree in Biz Management and HR. Grown pretty well in her career so far, 50k pa is not much compared to many successful posters here though.

Reply With Quote
  #7632 (permalink)  
Old 18-05-2015, 10:15 AM
Fiery
Guest
 
Posts: n/a
Default Salaries without bonus

Quote:
Originally Posted by Fiery View Post
Lol.. She is not self employed, well we got married while she is young and pursued higher education to complete her double degree in Biz Management and HR. Grown pretty well in her career so far, 50k pa is not much compared to many successful posters here though.
Btw, salaries are inclusive of AWS excluding any other bonuses as they varies on market situations. Wife has completed her double degree as mentioned through distant study after marriage while I am only with PSLE education. Being in the Retail line, experience, skills and performance records go a long way so I do not suffer as much due to the lack of academic qualifications.

Reply With Quote
  #7633 (permalink)  
Old 18-05-2015, 02:37 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
middle class couple, 46 & 44 years old, with two teenage kids.
makes $169k pa. saves $40k pa.
owns a condo in the OCR, worth $1m, loan outstanding $240k.
drives a small car, no loan.
total net worth $1.1m.

how are we doing financially?

hope gurus in this forum can share your comments on our financial standing.
thanks.

if you are in the same age group as us, can you share your own situation? thanks.
We are few years younger than you, me 41 and my wife 40 years old. Singaporean. Two kids, one in top tier local high school and one in primary school. Made some $100k pa. Save some $15k pa.

Own a condo in D3 worth close to $2m and a 5-room HDB flat in same D3 worth close to $900k. Outstanding loan about $1m.

Own two other properties overseas worth some $1.2m, no loan.

Other cash and investments of $650k. CFP insignificant for both (less than $20k).

No car, but have a maid to take care of the kids.

Simple life, holiday once a year for the whole family and eat home cook food (by maid).

Hope to retire by late 50s.



Please advise if we can

Reply With Quote
  #7634 (permalink)  
Old 18-05-2015, 03:08 PM
Unregistered
Guest
 
Posts: n/a
Default

What's your combined net worth?

How did you manage to accumulate so much with $100k pa salary?

Quote:
Originally Posted by Unregistered View Post
We are few years younger than you, me 41 and my wife 40 years old. Singaporean. Two kids, one in top tier local high school and one in primary school. Made some $100k pa. Save some $15k pa.

Own a condo in D3 worth close to $2m and a 5-room HDB flat in same D3 worth close to $900k. Outstanding loan about $1m.

Own two other properties overseas worth some $1.2m, no loan.

Other cash and investments of $650k. CFP insignificant for both (less than $20k).

No car, but have a maid to take care of the kids.

Simple life, holiday once a year for the whole family and eat home cook food (by maid).

Hope to retire by late 50s.



Please advise if we can


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
  #7635 (permalink)  
Old 18-05-2015, 03:18 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
What's your combined net worth?

How did you manage to accumulate so much with $100k pa salary?
Oh yes forgot to mention. Just partly inherited from my parents and made an one-off fortune few years ago. We were lucky to purchase the properties when market was down.

Current net worth is around $2.5 m.
Reply With Quote
  #7636 (permalink)  
Old 18-05-2015, 03:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Oh yes forgot to mention. Just partly inherited from my parents and made an one-off fortune few years ago. We were lucky to purchase the properties when market was down.

Current net worth is around $2.5 m.
That explains it. You are very lucky then.

You can retire any time as long as your passive income is greater than your expenses.

Some people retire young by staying in 3rd world countries as expenses there are very low.
Reply With Quote

  #7637 (permalink)  
Old 18-05-2015, 03:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Oh yes forgot to mention. Just partly inherited from my parents and made an one-off fortune few years ago. We were lucky to purchase the properties when market was down.

Current net worth is around $2.5 m.
I calculated that your net worth is $3.75m. Did I miss something?
Reply With Quote
  #7638 (permalink)  
Old 18-05-2015, 04:44 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I calculated that your net worth is $3.75m. Did I miss something?
Yes some $1m (more or less) from future sale proceeds of inherited property will be given to our sisters, out of goodwill but not compulsory. Hence our combined net worth (husband and wife) is around $2.5m.

Our concern is that we are not making regular hefty income and could not save as much as most of middle class families here.
Reply With Quote
  #7639 (permalink)  
Old 18-05-2015, 07:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Yes some $1m (more or less) from future sale proceeds of inherited property will be given to our sisters, out of goodwill but not compulsory. Hence our combined net worth (husband and wife) is around $2.5m.

Our concern is that we are not making regular hefty income and could not save as much as most of middle class families here.
That's kind of you. May I know how much you earn and how much does your wife earns per year? What kinds of jobs are you both doing? Are you grads?
Reply With Quote
  #7640 (permalink)  
Old 18-05-2015, 10:23 PM
Unregistered
Guest
 
Posts: n/a
Default

No need to wonder. Let me share my perspectives. Our passive income reached $100k last year. This year we are expecting $130k as we reinvest the passive income year after year since we are still working. The amount came from 3 main sources - dividends, rental and bonds.

When we first started building the passive income streams, it was primarily to establish a source of income to sustain our lifestyle when we retire. Our target was $100k pa which we achieved last year. Did we think that $100k pa passive income was not enough? No, we felt it would be enough for us when we retire. So why are still reinvesting and injecting new funds into investment? This was because investment for passive income has become like our little personal and private project, it has become like a hobby for us.

Every week we spent a few hours reviewing our investments, totalling up the passive incomes and searching out new investment opportunities. We enjoy this very much and there is a community of people doing this. Some of these people also share their experiences through blogs. You just have to type in key words like "passive income" on google and you will find the blogs.

Believe me, it has nothing to do with pride, greed, status or ego. As a hobby, investment for passive income can be quite absorbing. You derive tremendous satisfaction and sense of achievement when you hit one target after another.

It definitely helps that we are still working as our work incomes provide us more funds to invest more. We can really see the compounding returns!

You should try it - investing for passive income. It can be addictive!


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.
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)
8,523 Replies, 3,595,158 Views
Working Culture in IRAS ( 1 2 3... Last Page)
152 Replies, 258,008 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
1,244 Replies, 783,254 Views
Career as Teacher ( 1 2 3... Last Page)
12,993 Replies, 8,680,055 Views
Roles in accenture singapore ( 1 2 3... Last Page)
9,082 Replies, 3,174,000 Views
Lawyer Salary ( 1 2 3... Last Page)
22,464 Replies, 12,546,621 Views
Civil Servant Bonus Mid-2023 ( 1 2 3... Last Page)
313 Replies, 249,513 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
1,303 Replies, 761,648 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,574 Replies, 5,664,557 Views
ST Electronics ( 1 2 3... Last Page)
4,270 Replies, 2,081,826 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,546 Replies, 809,742 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
7,313 Replies, 4,678,136 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
1,160 Replies, 771,938 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
21,751 Replies, 7,000,481 Views
How is life as a doctor in... ( 1 2 3... Last Page)
10,943 Replies, 4,509,879 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,721 Replies, 1,486,975 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,697 Replies, 1,505,036 Views
Tuition Teachers Make 20k
9 Replies, 11,167 Views
Work culture in IHiS ( 1 2 3... Last Page)
907 Replies, 741,422 Views
Management Consultant MBB Big4 etc... ( 1 2 3... Last Page)
279 Replies, 239,252 Views
Capgemini tester trainee ( 1 2 3... Last Page)
39 Replies, 21,491 Views
Compare civil service salary ( 1 2 3... Last Page)
16,975 Replies, 14,624,302 Views
working in ACRA ( 1 2 3... Last Page)
88 Replies, 85,548 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,923 Replies, 1,828,513 Views
Engineer in PUB ( 1 2 3... Last Page)
69 Replies, 76,386 Views
Asking about the life in LTA &...
6 Replies, 617 Views
Achievers Dream Learning Centre,... ( 1 2 3... Last Page)
35 Replies, 5,644 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,723 Replies, 1,042,531 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
2,121 Replies, 1,971,903 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,931 Replies, 5,738,684 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:52 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2