How much are you earning per annum? - Page 784 - 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?

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #7831 (permalink)  
Old 10-06-2015, 12:18 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by lazyplane View Post
Where can i find the statistic that 80% of Singaporeans live in HDB ?
I dont get that impression.
it's available everywhere. sometimes i see the 85% figure used as well.

from HDB http://www.hdb.gov.sg/fi10/fi10320p....g?OpenDocument :

"Public housing in Singapore is uniquely different. Home to over 80% of Singapore's resident population..."

Reply With Quote
  #7832 (permalink)  
Old 10-06-2015, 01:41 AM
Unregistered
Guest
 
Posts: n/a
Default

husband, 38, $20K monthly

wife, 36, $10K monthly

freehold landed house, $2.6M

cash, stocks, unit trusts, cpf and other assets: $1M

not leveraged, plan for another $2M thru savings and investment for retirement

Reply With Quote
  #7833 (permalink)  
Old 10-06-2015, 08:31 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hubby, 47, $76k pa.
Wife, 44, $70k pa.
Condo, bought for $560k in 2006, fully paid up. Now worth $1m.
Car, 5 years old, fully paid up.
Expenses, $106k pa.
2 children in secondary schools
Total net worth, including condo, cash and CPF, $1.5m.
How are we doing?
Can we retire at 60?
Your timing to upgrade to a condo is perfect, that was at the lowest point. Owning a condo and a car, both fully paid, is awesome! Congrats dude! You will have no problem retiring at 60. You can even retire at 55 if you downgrade to a 4 room HDB flat or you retire in cheaper places like KL, Penang or Thailand. You will be a multi millionaire in Malaysia and Thailand! If your net worth is Singapore is $2m in Singapore, it will be RM5.5m in Malaysia. Wow!

Reply With Quote
  #7834 (permalink)  
Old 10-06-2015, 10:07 AM
Unregistered
Guest
 
Posts: n/a
Default

Mid 40s professional mgr. Monthly $28k HH.
2 teenage kids
Condo fully paid $1.3M
New car with less than 1 yr loan $180k NPV
Cash+CPF+stock $1.2M


Can we retire at 50? We are ready to downgrade life style.
Reply With Quote
  #7835 (permalink)  
Old 10-06-2015, 11:24 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Mid 40s professional mgr. Monthly $28k HH.
2 teenage kids
Condo fully paid $1.3M
New car with less than 1 yr loan $180k NPV
Cash+CPF+stock $1.2M


Can we retire at 50? We are ready to downgrade life style.
Yes you retire now. Just sell your condo and then buy a $400k four room hdb flat. You will have about $2m of investable funds. You can invest in 5% dividend yield basket of blue chips which gives you dividends of $100k pa. This is a lot for a family which is debt free.


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
  #7836 (permalink)  
Old 10-06-2015, 12:41 PM
Unregistered
Guest
 
Posts: n/a
Default

You can easily retire now in Malaysia. You can convert your S$2.5m to RM and you get RM6.9m. You're a multi millionaire! You don't have to downgrade your lifestyle when you retire in Malaysia. You can upgrade your lifestyle instead. You can live in a big bungalow with a huge swimmng pool and employ 2 or 3 maids. You will retire like a big boss tycoon!!


Quote:
Originally Posted by Unregistered View Post
Mid 40s professional mgr. Monthly $28k HH.
2 teenage kids
Condo fully paid $1.3M
New car with less than 1 yr loan $180k NPV
Cash+CPF+stock $1.2M


Can we retire at 50? We are ready to downgrade life style.
Reply With Quote

  #7837 (permalink)  
Old 10-06-2015, 02:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You can easily retire now in Malaysia. You can convert your S$2.5m to RM and you get RM6.9m. You're a multi millionaire! You don't have to downgrade your lifestyle when you retire in Malaysia. You can upgrade your lifestyle instead. You can live in a big bungalow with a huge swimmng pool and employ 2 or 3 maids. You will retire like a big boss tycoon!!
Feels wasted if both give up the HH $28k per month

But then in return. Get freedom and not stress from the office politics.

Which is worth if for mid 40s??
Reply With Quote
  #7838 (permalink)  
Old 10-06-2015, 02:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Feels wasted if both give up the HH $28k per month

But then in return. Get freedom and not stress from the office politics.

Which is worth if for mid 40s??
Nothing feels better than being financially independent and retired. Doesn't matter at what age. The earlier the better as you never know when you will die. You can surely retire now, just need to live a simpler life.
Reply With Quote
  #7839 (permalink)  
Old 10-06-2015, 09:47 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
husband, 38, $20K monthly

wife, 36, $10K monthly

freehold landed house, $2.6M

cash, stocks, unit trusts, cpf and other assets: $1M

not leveraged, plan for another $2M thru savings and investment for retirement
Would the wife be interested to earn $1000 extra per month?
Reply With Quote
  #7840 (permalink)  
Old 11-06-2015, 02:40 AM
Unregistered
Guest
 
Posts: n/a
Default

Two years ago, I was at the brink of disaster regarding my physical and mental health. I was earning $180k pa but the work was hellish. I quit and took a break from work for a few months to regain my sanity. I then opted for a more sane job which gives me an income of $75k pa but I am much happier and my physical and mental health improved significantly. As they say, "health is wealth".

To adjust to my new income, I sold my landed home, cleared the outstanding mortgage, made a profit of $1m and bought a new 3 bedroom condo paying in full. I also cleared all my car and personal loans. Today I am debt free. My wife earns $95k pa and our combined income of $170k is enough for our family of four as our expenses is now only $110k pa. Our expenses are reduced as we no longer have debt. We now save $60k pa. Our total net worth is now $2m. We hope to retire in 10 years time when we reach 55.
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
GovTech Tech Associate Program... ( 1 2)
10 Replies, 3,317 Views
ST Electronics ( 1 2 3... Last Page)
1,031 Replies, 279,051 Views
Mid-Year Civil Servant Bonus 2020 ( 1 2 3... Last Page)
96 Replies, 24,121 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,795 Replies, 1,176,618 Views
Compare civil service salary ( 1 2 3... Last Page)
10,892 Replies, 6,019,738 Views
Job offer from Apple ( 1 2 3... Last Page)
491 Replies, 108,040 Views
Business / System Analyst
2 Replies, 945 Views
Feeling helpless, need advice... ( 1 2)
19 Replies, 6,461 Views
anyone work as trainer with...
2 Replies, 1,917 Views
Career as Teacher ( 1 2 3... Last Page)
2,946 Replies, 1,807,349 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
234 Replies, 144,971 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,044 Replies, 831,875 Views
Lawyer Salary ( 1 2 3... Last Page)
9,726 Replies, 3,167,765 Views
HSBC Graduate Programme 2021 ( 1 2)
16 Replies, 2,362 Views
Job Application with MOE... ( 1 2 3... Last Page)
251 Replies, 230,325 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
122 Replies, 47,109 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,453 Replies, 2,046,775 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,087 Replies, 3,881,073 Views
How much do you need to retire... ( 1 2)
13 Replies, 2,486 Views
GovTech career grade ( 1 2 3... Last Page)
134 Replies, 168,079 Views
Banker or Financial Advisor Career...
9 Replies, 1,178 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
157 Replies, 40,409 Views
Engineer Pay ( 1 2 3... Last Page)
145 Replies, 54,012 Views
Roles in accenture singapore ( 1 2 3... Last Page)
422 Replies, 276,596 Views
Python programmer skillz and pay
3 Replies, 373 Views
What are your struggles having...
0 Replies, 167 Views
You Can Buy Happiness
8 Replies, 6,733 Views
I need advice
3 Replies, 573 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:42 PM.


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