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How much are you earning per annum?

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  #9521 (permalink)  
Old 19-02-2016, 02:27 PM
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Less stressful work yet with guarantee reasonable retirement life... Rarely happen to Singapore common folks.

Since death strike anyone anytime, common sense to retire early if possible.
Hearing too many cases where people die before their plan retirement age, some even spent all their life saving in hospital before their last day on sick bed.

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  #9522 (permalink)  
Old 19-02-2016, 05:06 PM
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i smell bullsh*t
Nah thats the stench of some old dude who wet himself in bed bahaha

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  #9523 (permalink)  
Old 20-02-2016, 10:50 AM
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Congratulations! You have made it good. You're an inspiration to many young folks here. Yes, we need to choose our careers carefully. Don't make the mistake of others. I will heed your advice.

Btw, don't bother with the many old CMIs in this forum. They are just jealous sore losers.


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Today is a blessed day. It is raining. Rain is a blessing.

As I look out the window, I feel blessed as I can afford to enjoy the morning, lying on my bed. I recalled my earlier days as a high flying corporate executive. Those days were crazy days, rushing early in the morning, stuck in traffic, rushing from one meeting to another, flying from one city to another, rain or shine.

But it was worth it as the hard work enables me to earn a fortune. I had plenty of cash to invest. My many years of investments paid off extremely well. I'm now happily retired, my passive income from investments easily sustains my family. They are enjoying a good life too - living in a nice condo, going overseas holidays, driven around in a car, enjoying good food at restaurants, etc.

As a multi millionaire, I'm still busy, busy managing and growing my wealth, busy pursuing the many interests I had no time for previously, busy taking good care of my family, busy spending time with my very old parents and busy volunteering at charities and non profit organisations. Life is more meaningful and fulfilling. I'm healthier and happier.

In life, you have to make tough choices. Choose the wrong career and you can be working all your life. There are many people who did not enjoy a single day of retirement. They died before they retired. That's sad.

Choose the right high paying career, work hard, be the best in your field and become a multi millionaire. You can then afford to retire early and enjoy a full life.

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  #9524 (permalink)  
Old 20-02-2016, 02:39 PM
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We knew this was coming. We were just counting down how long you will wait before writing this.

Seriously, you should see a psychiatrist. This is not fun anymore.

Quote:
Originally Posted by Unregistered View Post
Congratulations! You have made it good. You're an inspiration to many young folks here. Yes, we need to choose our careers carefully. Don't make the mistake of others. I will heed your advice.

Btw, don't bother with the many old CMIs in this forum. They are just jealous sore losers.
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  #9525 (permalink)  
Old 22-02-2016, 10:32 AM
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very smart guy. DBS results extremely good


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The STI has rebounded stoutly the last 2 days and possibly will climb some more today taking the lead from DJIA. Does this point to the end of the bear market?

More importantly, have you guys pick up any gems during the recent sell down?

Because of my topping up my CPF RA to the full ERS with cash, I have only enough cash to grab 500 DBS shares (at $13.20), and 500 OCBC shares (at $7.56).

Nevertheless I was relieved that the rebound has "put back" $43k into my stock value in just 2 days. Overall the value of my holding is still down by $200k plus. Dividend wise, it seems to be holding up with some stock cutting dividends like sembmarine and kepcorp but others have increased theirs like SGX, Singpost and some of my REITs. As at Feb, I have collected $6k in dividends.
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  #9526 (permalink)  
Old 26-02-2016, 05:49 PM
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We're a middle income/middle class graduate couple, 47 & 45, with two teenage children.

Here are our assets (combined)
1. Private condo (home), 3 bedroom, paid up. Valued at $1m.
2. Private condo (investment), 1 bedroom, paid up. Valued at $600k.
3. CPF savings $500k.
4. Cash $100k
5. Car, paid up. Current value $70k.

We have no debt and our combined net worth $2.27m.
Our combined income $214k pa and we save $40k pa cash.

Our annual expenses include food, utilities, car expenses, holidays, children's expenses, eating out at restaurants, branded clothes, branded bags and shoes, insurance, taxes, entertainment, parents' allowances (both sides), condo maintenance fees, etc.

To reward ourselves, we don't mind spending when it comes to eating good food at restaurants, wearing nice branded clothing and enjoying our holidays. We are also generous to our parents with the monthly allowances.

We plan to retire at 62. Our retirement plan is as follows.
1. Retire in our current condo home.
2. Buy annuities with cash savings.
3. Our multiple sources of passive income will be from investment condo rental, CPF Life and annuities.
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  #9527 (permalink)  
Old 26-02-2016, 06:07 PM
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Hi bro, I borrowed your format.

We're at 34/35, with 2 boys at 5 & 3.
Here are our assets (combined)
1. Private condo (home), 3 bedroom, Valued at $1m. Morgage left 50%.
2. CPF savings $180k.
3. Cash 600K, stocks ~1mil
4. New car at 140K. (50% loan)

Our combined net worth ~$2.2m.
Our combined income $440k pa after tax, and we save ~290k pa cash.
Current spending is at 12k per month, which includes everything from morgage, car, maid, childcare, holiday etc etc.

Maybe we spend too little, but we are already comfortable with current life style. Another concern is job security, and saving more is always good.

Quote:
Originally Posted by Unregistered View Post
We're a middle income/middle class graduate couple, 47 & 45, with two teenage children.

Here are our assets (combined)
1. Private condo (home), 3 bedroom, paid up. Valued at $1m.
2. Private condo (investment), 1 bedroom, paid up. Valued at $600k.
3. CPF savings $500k.
4. Cash $100k
5. Car, paid up. Current value $70k.

We have no debt and our combined net worth $2.27m.
Our combined income $214k pa and we save $40k pa cash.

Our annual expenses include food, utilities, car expenses, holidays, children's expenses, eating out at restaurants, branded clothes, branded bags and shoes, insurance, taxes, entertainment, parents' allowances (both sides), condo maintenance fees, etc.

To reward ourselves, we don't mind spending when it comes to eating good food at restaurants, wearing nice branded clothing and enjoying our holidays. We are also generous to our parents with the monthly allowances.

We plan to retire at 62. Our retirement plan is as follows.
1. Retire in our current condo home.
2. Buy annuities with cash savings.
3. Our multiple sources of passive income will be from investment condo rental, CPF Life and annuities.
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  #9528 (permalink)  
Old 27-02-2016, 01:47 PM
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Quote:
Originally Posted by Unregistered View Post
Hi bro, I borrowed your format.

We're at 34/35, with 2 boys at 5 & 3.
Here are our assets (combined)
1. Private condo (home), 3 bedroom, Valued at $1m. Morgage left 50%.
2. CPF savings $180k.
3. Cash 600K, stocks ~1mil
4. New car at 140K. (50% loan)

Our combined net worth ~$2.2m.
Our combined income $440k pa after tax, and we save ~290k pa cash.
Current spending is at 12k per month, which includes everything from morgage, car, maid, childcare, holiday etc etc.

Maybe we spend too little, but we are already comfortable with current life style. Another concern is job security, and saving more is always good.
wow you got a huge inheritance ah
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  #9529 (permalink)  
Old 01-03-2016, 04:25 PM
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$440k PA is quick sick -- investment banking/medical/law?
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  #9530 (permalink)  
Old 01-03-2016, 09:02 PM
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This year 30/29, no children
Here are our assets (combined)
1. PC, currently under construction. 3 bedroom, bought at 1m++.
2. EC (home), bought at 800k years ago
2. CPF savings ~0.5m, diversified stocks ~0.5m
3. Cash 300k
4. Just changed new car at 100k, no loan

Combined income approx $350k pa
No longer saving any cash as our stockpile is already too generous. Money goes purely into investments and should be able to double our current portfolio size in another 5 years.
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