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How much are you earning per annum?

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  #8631 (permalink)  
Old 03-10-2015, 11:38 AM
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I also multi millionaire.
But is multi millionaire rupiah
Wahahaha

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  #8632 (permalink)  
Old 03-10-2015, 01:59 PM
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Perhaps you were too rash in deciding to quit work so early in life.

Here are the things you are missing out:

1. Free medical cover (including H&S benefits) for yourself and family
2. Employer CPF contribution (almost $1k pm or $12k pa)
3. Annual leave (for me, this comes up to 28 days per year)
4. Company sponsored courses, seminars and other in-house training
5. Overseas business trips (on business class) - of course this depends on the work nature and your position in the company
6. With overseas trips, comes overseas allowance over and above your regular pay
7. Bonuses. Typically 3 months (not including the 13th month). On good years this can be 6months or more.
8. Transport claims for private car
9. Colleagues and work social circles. These enrich one's life greatly
10. Have people reporting to you (while you report higher up)
11. Public holidays. (When you are working, you really appreciate public holidays). Now that you are retired, I supposed every day is the same whether weekday, weekend or public holiday.
12. As long as you are needed at work, you have a sense that you are still useful and contributing to society.

The list goes on.

That's why, at 55 and financially prepared, I still prefer working. When you reached a certain level in your company, you do have some autonomy in your work.

Happiness is one of the important ingredients in sustaining what we do. I have worked 30+ years in the same company.

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Originally Posted by Unregistered View Post
46, multi millionaire.
Managing my personal fortune.
Flexible working schedule.
Life is great being able to take charge of my life and time.
No longer need to be stuck in morning and evening commute.
No longer need to report to a boss as I am my own boss.
No longer need to submit to some corporate hierarchy.
I'm extremely happy.


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  #8633 (permalink)  
Old 03-10-2015, 03:32 PM
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Honestly, what you listed below are no big deal for me. I've been there, done that.

I am enjoying my life so much right now. I enjoy working for myself. I wished I could have done this earlier!



Quote:
Originally Posted by Unregistered View Post
Perhaps you were too rash in deciding to quit work so early in life.

Here are the things you are missing out:

1. Free medical cover (including H&S benefits) for yourself and family
2. Employer CPF contribution (almost $1k pm or $12k pa)
3. Annual leave (for me, this comes up to 28 days per year)
4. Company sponsored courses, seminars and other in-house training
5. Overseas business trips (on business class) - of course this depends on the work nature and your position in the company
6. With overseas trips, comes overseas allowance over and above your regular pay
7. Bonuses. Typically 3 months (not including the 13th month). On good years this can be 6months or more.
8. Transport claims for private car
9. Colleagues and work social circles. These enrich one's life greatly
10. Have people reporting to you (while you report higher up)
11. Public holidays. (When you are working, you really appreciate public holidays). Now that you are retired, I supposed every day is the same whether weekday, weekend or public holiday.
12. As long as you are needed at work, you have a sense that you are still useful and contributing to society.

The list goes on.

That's why, at 55 and financially prepared, I still prefer working. When you reached a certain level in your company, you do have some autonomy in your work.

Happiness is one of the important ingredients in sustaining what we do. I have worked 30+ years in the same company.

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  #8634 (permalink)  
Old 03-10-2015, 03:48 PM
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It's not about "being there and done that" kind of issue.

Now you are probably trying very hard just to earn $12k from your trading when this amount is just the employer contribution into your CPF.

When you fall sick, I bet you will try and self medicate to save that few dollars when you could have just walked into a clinic, get your medication and MC.

As you are only 46, there is a lot of more of life experiences yet to come. Some of which will eat away a lot of your savings.

If you still have marketable skills, my advice to you is to quickly get back into the workforce before it is too late.

Quote:
Originally Posted by Unregistered View Post
Honestly, what you listed below are no big deal for me. I've been there, done that.

I am enjoying my life so much right now. I enjoy working for myself. I wished I could have done this earlier!
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  #8635 (permalink)  
Old 03-10-2015, 03:59 PM
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I would find it odd if a actual "multi millionaire" would need to make money via trading.
I mean why would someone with 100's of million care about this kinda side income


Quote:
Originally Posted by Unregistered View Post
It's not about "being there and done that" kind of issue.

Now you are probably trying very hard just to earn $12k from your trading when this amount is just the employer contribution into your CPF.

When you fall sick, I bet you will try and self medicate to save that few dollars when you could have just walked into a clinic, get your medication and MC.

As you are only 46, there is a lot of more of life experiences yet to come. Some of which will eat away a lot of your savings.

If you still have marketable skills, my advice to you is to quickly get back into the workforce before it is too late.
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  #8636 (permalink)  
Old 03-10-2015, 04:34 PM
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You tell me. Would a $100m man talk about trivial things like "reporting to bosses", "getting stuck in peak hour traffic", no need "to submit to some corporate hierarchy".

He didn't say what his "fortune" was, so I could only presumed that he was previously a corporate executive fed up with the politics and decided to call it quits after amassing perhaps a few millions?

I think most typical professionals should be able to accumulate a million or two by their late 40s.

Quote:
Originally Posted by Unregistered_101 View Post
I would find it odd if a actual "multi millionaire" would need to make money via trading.
I mean why would someone with 100's of million care about this kinda side income
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  #8637 (permalink)  
Old 03-10-2015, 04:48 PM
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It is very vague.

Multimillionaire is just anyone having a NTA of 2m to 999m. If he wants people to judge him correctly , he will have to tell us the range of his net worth eg less than 5m, between 5m to 10m, between 10m to 50m, between 50m to 100m and between 100m to 999m.


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  #8638 (permalink)  
Old 03-10-2015, 05:02 PM
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Quote:
Originally Posted by Unregistered_101 View Post
I would find it odd if a actual "multi millionaire" would need to make money via trading.
I mean why would someone with 100's of million care about this kinda side income
I said I'm busy "managing my fortune". This doesn't mean I do day trading like some people do. I don't need to do day trading. I buy undervalued stocks and sell overvalued stocks. I can hold onto my stocks for a long time if it remains attractive to me. I enjoy trading gains (but not via day trading) as well as dividends.

I manage my stocks, multi properties and other assets across global markets. Spends a lot of time reading through reports, research pieces, attending shareholders meetings, etc.

I am just like a businessman and my business is managing my wealth.
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  #8639 (permalink)  
Old 03-10-2015, 05:08 PM
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I said I'm a multi millionaire. It's plain English.

Quote:
Originally Posted by Unregistered View Post
It's not about "being there and done that" kind of issue.

Now you are probably trying very hard just to earn $12k from your trading when this amount is just the employer contribution into your CPF.

When you fall sick, I bet you will try and self medicate to save that few dollars when you could have just walked into a clinic, get your medication and MC.

As you are only 46, there is a lot of more of life experiences yet to come. Some of which will eat away a lot of your savings.

If you still have marketable skills, my advice to you is to quickly get back into the workforce before it is too late.
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  #8640 (permalink)  
Old 03-10-2015, 05:17 PM
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Thanks for sharing. Most importantly, you're happy. Don't let others judge you. Congratulations.

Quote:
Originally Posted by Unregistered View Post
I said I'm busy "managing my fortune". This doesn't mean I do day trading like some people do. I don't need to do day trading. I buy undervalued stocks and sell overvalued stocks. I can hold onto my stocks for a long time if it remains attractive to me. I enjoy trading gains (but not via day trading) as well as dividends.

I manage my stocks, multi properties and other assets across global markets. Spends a lot of time reading through reports, research pieces, attending shareholders meetings, etc.

I am just like a businessman and my business is managing my wealth.
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