How much are you earning per annum? - Page 874 - 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
  #8731 (permalink)  
Old 12-10-2015, 07:19 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I own a condo in JB, paid up.
Plan to retire soon when condo TOP.
Will rent out my paid up flat for $2.5k pm (RM7.5k pm).
Expenses in JB will be RM2k pm - food, utilities, car petrol, etc.
Can save RM5.5k pm.
Many Singaporeans already doing this. Our HDB flats are our assets. But we need FTs to rent our flats. We must encourage more FTs to come here so that we can rent out our flats so we can retire in JB.

You don't need millions of dollars to retire. Just your HDB flat and CPF Life.

Don't be like people who have millions but scared to retire. They retire at 70 and then die at 75. All their millions will be left behind and their children will fight each other to get the millions. So many stories in the news. LOL.

Reply With Quote
  #8732 (permalink)  
Old 13-10-2015, 06:40 AM
Unregistered
Guest
 
Posts: n/a
Default

Yes, you are correct. $170k annual income is not a lot. Consider all the posters in this forum, many people are earning $500k p.a. I must have been shortchanged.

Quote:
Originally Posted by Unregistered View Post
If you cannot handle the stress you should consider less stressful jobs. No point destroying your health for that $170k of taxable income. Semi-retirement is also a good option. By the way $170k of taxable income is not really a big amount. So, if you can't hack it, just let it go.

However, at 47, you should not go into full retirement. Many studies have been done and the results always point to same conclusion - that young retirees increased their risk of falling into depression by 40%! Just google early retirement & depression to find out more. Besides that, your mind deteriorates much faster when you are not working.

You can also tell from the many repetitive posts about the same things from those early retirees that their mind is not taking on new things, their knowledge is not growing.

So, yes, do take care of your health but don't make the mistake of retiring fully only to end up compounding your health issues.


Reply With Quote
  #8733 (permalink)  
Old 13-10-2015, 07:21 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Yes, you are correct. $170k annual income is not a lot. Consider all the posters in this forum, many people are earning $500k p.a. I must have been shortchanged.
Yes, you have been short changed. Might as well retire in JB now and enjoy a relaxed life. But you must keep your mind active by reading, doing charity work, working on personal projects, travellling the world, exercising, investing, attending AGMs, etc.

Many posters here earn at least $500k pa I think. Those earning $300k pa or less are usually the underachievers, esp if they are aged 45 and above. The high flyers in this forum are happily retired and busy growing their wealth.

Reply With Quote
  #8734 (permalink)  
Old 13-10-2015, 07:51 AM
Unregistered
Guest
 
Posts: n/a
Default

You didn't tell us what line of work you are in. As to whether you are short changed or not, you need to compare with what others are paid doing similar job. If they are paid much more and you are not, then you are short changed.

You certainly cannot conclude you are short changed just because you cannot handle the stress. It may be just a case of wrong job fit or you just cannot make it in this current role.

For eg, among the many teachers employed by MOE, majority worked till retirement, while a minority just couldn't cope, felt stressed out and dropped out from the profession. And you know teachers are not paid very much. So can you therefore conclude that those who dropped out are short changed? Obviously not. They are just in the wrong profession.

So what line are you in? Maybe you should give it up and let a more capable person take over and lead the company to greater heights.

Quote:
Originally Posted by Unregistered View Post
Yes, you are correct. $170k annual income is not a lot. Consider all the posters in this forum, many people are earning $500k p.a. I must have been shortchanged.
Reply With Quote
  #8735 (permalink)  
Old 13-10-2015, 08:12 AM
Unregistered
Guest
 
Posts: n/a
Default

You can call them what you want, but people earning $300k pa especially when they are in their mid 50s are in their career sweet spot.

At this age, they have amassed a tidy and comfortable nest egg (usually multi millions), respectable passive incomes (can buy a jap car with one year of passive income), have no loans to pay, children grown up.

Many have mistaken that people like them are scared to retire. On the contrary, people like them can retire anytime, but they are working as they now enjoying work because they are no longer stressed by having to fight for promotion or even job security.

And remember for them, this is the golden period for savings! Where your salary is at its peak, and your loans and expenses are at the lowest. Can you imagine, for every year that you work, you can save up for 3 years or more of your retirement expenses? This period from 55-65 is truly the golden period for building up a solid retirement nest egg. In this 10 year period, you could add another $3+m to your coffers.

Yes, you are right. Compared to others, these people are under achievers. But hey, with the money they amassed, i think they are not bothered. I know a few of these people and I know they are people who know how to live life.


Quote:
Originally Posted by Unregistered View Post
Yes, you have been short changed. Might as well retire in JB now and enjoy a relaxed life. But you must keep your mind active by reading, doing charity work, working on personal projects, travellling the world, exercising, investing, attending AGMs, etc.

Many posters here earn at least $500k pa I think. Those earning $300k pa or less are usually the underachievers, esp if they are aged 45 and above. The high flyers in this forum are happily retired and busy growing their wealth.
Reply With Quote
  #8736 (permalink)  
Old 13-10-2015, 09:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Yes, you are right. These are under achievers. They should just quit and let younger, more energetic people take over so that the company can grow faster. These older workers have less drive.


Quote:
Originally Posted by Unregistered View Post
You can call them what you want, but people earning $300k pa especially when they are in their mid 50s are in their career sweet spot.

At this age, they have amassed a tidy and comfortable nest egg (usually multi millions), respectable passive incomes (can buy a jap car with one year of passive income), have no loans to pay, children grown up.

Many have mistaken that people like them are scared to retire. On the contrary, people like them can retire anytime, but they are working as they now enjoying work because they are no longer stressed by having to fight for promotion or even job security.

And remember for them, this is the golden period for savings! Where your salary is at its peak, and your loans and expenses are at the lowest. Can you imagine, for every year that you work, you can save up for 3 years or more of your retirement expenses? This period from 55-65 is truly the golden period for building up a solid retirement nest egg. In this 10 year period, you could add another $3+m to your coffers.

Yes, you are right. Compared to others, these people are under achievers. But hey, with the money they amassed, i think they are not bothered. I know a few of these people and I know they are people who know how to live life.
Reply With Quote

  #8737 (permalink)  
Old 13-10-2015, 11:49 AM
Unregistered
Guest
 
Posts: n/a
Default

Obviously you dont get it.

We old timers want to hand over to the younger people but they all want to retire early and muck around. So no choice, we old timers, brought up in the old school ways of duty before self, can always be depended on to shoulder on.

One of my concerns is that these misguided young people gave dangerous advise to others asking them to retire early using ex bankers as examples. Some follow blindly also.

If you think about it, will successful bankers retire young? I think only those who cant make it do so.

Quote:
Originally Posted by Unregistered View Post
Yes, you are right. These are under achievers. They should just quit and let younger, more energetic people take over so that the company can grow faster. These older workers have less drive.
Reply With Quote
  #8738 (permalink)  
Old 13-10-2015, 02:45 PM
Unregistered
Guest
 
Posts: n/a
Default

Nonsense. The young talents can't move up because of the many old people hogging onto positions.

Quote:
Originally Posted by Unregistered View Post
Obviously you dont get it.

We old timers want to hand over to the younger people but they all want to retire early and muck around. So no choice, we old timers, brought up in the old school ways of duty before self, can always be depended on to shoulder on.

One of my concerns is that these misguided young people gave dangerous advise to others asking them to retire early using ex bankers as examples. Some follow blindly also.

If you think about it, will successful bankers retire young? I think only those who cant make it do so.
Reply With Quote
  #8739 (permalink)  
Old 13-10-2015, 04:35 PM
Unregistered
Guest
 
Posts: n/a
Default

sure or not? Dont anyhow take responsibility, after that complain too much stress in this forum and then want to quit to relak one corner.

Quote:
Originally Posted by Unregistered View Post
Nonsense. The young talents can't move up because of the many old people hogging onto positions.
Reply With Quote
  #8740 (permalink)  
Old 13-10-2015, 05:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
sure or not? Dont anyhow take responsibility, after that complain too much stress in this forum and then want to quit to relak one corner.
How can company prosper when workers use company time to relax many corners and chit chat in forums. LOL. Go back to work, boy. LOL.
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
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
10,516 Replies, 3,811,366 Views
Compare civil service salary ( 1 2 3... Last Page)
15,521 Replies, 11,043,189 Views
ITE (lecturer) ( 1 2 3... Last Page)
264 Replies, 324,292 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,802 Replies, 1,098,465 Views
Career as Teacher ( 1 2 3... Last Page)
8,520 Replies, 5,186,553 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,502 Replies, 792,218 Views
ST Electronics ( 1 2 3... Last Page)
3,343 Replies, 1,192,539 Views
How much CPF do u have? ( 1 2 3... Last Page)
78 Replies, 53,240 Views
Band 4 and Band 5 in Standard... ( 1 2 3... Last Page)
56 Replies, 128,719 Views
Lawyer Salary ( 1 2 3... Last Page)
19,503 Replies, 8,723,428 Views
How much are you earning per annum? ( 1 2 3... Last Page)
14,067 Replies, 6,016,345 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,749 Replies, 3,964,897 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,328 Replies, 3,940,190 Views
Civil/Public Sector -... ( 1 2 3... Last Page)
422 Replies, 347,454 Views
IMDA (under MCI) ( 1 2 3... Last Page)
601 Replies, 312,667 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
431 Replies, 209,987 Views
Tech bros...how is your market... ( 1 2 3... Last Page)
52 Replies, 8,925 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
5,486 Replies, 3,126,622 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,187 Replies, 897,560 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,194 Replies, 946,755 Views
Roles in accenture singapore ( 1 2 3... Last Page)
6,416 Replies, 1,750,930 Views
Career as SIA Overseas Scholar
5 Replies, 720 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
275 Replies, 128,934 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,234 Replies, 580,691 Views
GovTech ( 1 2 3... Last Page)
3,835 Replies, 1,446,901 Views
What are BAND 5 positions -...
8 Replies, 1,052 Views
MOM(ACE) offers good career... ( 1 2 3... Last Page)
100 Replies, 49,173 Views
Work culture in IHiS ( 1 2 3... Last Page)
464 Replies, 363,220 Views
How is life as a doctor in... ( 1 2 3... Last Page)
5,533 Replies, 2,663,218 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
248 Replies, 278,941 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:23 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2