How much are you earning per annum?

Originally Posted by Unregistered

I take home $10k pm and I don't feel rich.

There are many more who take home $20k pm easily.

I take home $20K, my wife takes home $10K, and we have a combined net worth of $3M.

We are quite happy to achieve this in our 30s, but don't feel rich either. Need $9M to $10M net worth to feel rich.

Originally Posted by Unregistered

I take home $10k pm and I don't feel rich.

There are many more who take home $20k pm easily.

try talking to those who make $2.5k a month

Originally Posted by Unregistered

In this forum, there are rich people as well as people who are jealous of the rich. The latter are losers.

There also many big cannons in this forum la

My wife and I are in our early fifties. We don't earn so much, only a total of $150k pa. In 2005, we sold our flat and upgraded to a resale condo which we bought for only $600k. We used the sales proceeds of selling our flat to pay as down payment for the condo. We took a small mortgage and paid the loan off last year. We are happy with our achievement so far since we are now debt free.

We will continue to work hard to prepare for retirement. We are saving $50k pa. When we retire, we will sell our big condo and buy a small studio condo for the two of us. We will find a condo near an MRT station and shopping amenities so that we can give up our car and will stop employing a maid.

Originally Posted by Unregistered

I take home $20K, my wife takes home $10K, and we have a combined net worth of $3M.

We are quite happy to achieve this in our 30s, but don't feel rich either. Need $9M to $10M net worth to feel rich.

mind to share what's your profession & what u do to reach this level of income in your 30s?

Really got many big cannon fairy here.

If really earn that much, they wont be coming here liao, enjoying life or working even harder to achieve more. Only those paid lowly ones will come here to big cannon fairy to make themselves better.

Realistically, maybe one or two cases of millionaire are real, the rest, big cannon fairy la. If you think about it, if you are really that rich (millionaire in 20s to early 30s) and earning 10K per month, will you be here? the answer is no, because you wont have time to come here as you will be busy earning money, like sales or high ranking position in banks or doctor.

So dont trust too much on the info in this forum. (My uncle is really rich, so I roughly know his schedule, he practically have no time to relax only except on Sunday to accompany his family for outing or when he take overseas leave).

Of course, I am envy of those who earn more than 10K in their early 30s or become a millionaire in their 20s or 30s, but some of them just dont seems realistic

$10k pm today is nothing to scream about

So many people making $20k pm, even in manufacturing sectors (snr mgmt)

Originally Posted by Unregistered

$10k pm today is nothing to scream about

So many people making $20k pm, even in manufacturing sectors (snr mgmt)

This is true. If you're good and in senior management, you should be getting at least $30k pm. If not, you're considered lousy. This is reality.

Originally Posted by Unregistered

This is true. If you're good and in senior management, you should be getting at least $30k pm. If not, you're considered lousy. This is reality.

then how much are u earning?

If you don't have any independents, you can retire at any time in JB. You can rent out your condo for $3k pm and when you convert to RM, you get RM9k. You don't need much for a retired couple in JB.

1. Rent a 3 bedroom brand new condo in JB - RM1.5k pm.
2. Instalment for a used local made car - RM500 pm
3. Petrol and other expenses RM500 pm
4. Groceries and food and utilities RM1k pm
5. Entertainment & misc - RM1k pm

Total expenses RM4.5k pm
Savings RM4.5k pm

Originally Posted by Unregistered

My wife and I are in our early fifties. We don't earn so much, only a total of $150k pa. In 2005, we sold our flat and upgraded to a resale condo which we bought for only $600k. We used the sales proceeds of selling our flat to pay as down payment for the condo. We took a small mortgage and paid the loan off last year. We are happy with our achievement so far since we are now debt free.

We will continue to work hard to prepare for retirement. We are saving $50k pa. When we retire, we will sell our big condo and buy a small studio condo for the two of us. We will find a condo near an MRT station and shopping amenities so that we can give up our car and will stop employing a maid.