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How much are you earning per annum?

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  #9541 (permalink)  
Old 07-03-2016, 12:29 AM
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We're 37/39, with 3 kids

Here are our assets (combined)
1. Freehold terrace (home), $2.7m. Mortgage left $800k.
2. Cash $700K, investment funds $300k
3. Investment property in Malaysia $200k
4. CPF $300k
5. Car $50k net of loan

Our combined net worth ~$3.45m.

Our combined income $450k pa (a sizeable portion of of our net worth was earned from property investments between 2003 and 2010)

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  #9542 (permalink)  
Old 07-03-2016, 09:04 AM
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Your wife can stop working and take of your kids.

Quote:
Originally Posted by Unregistered View Post
We're 37/39, with 3 kids

Here are our assets (combined)
1. Freehold terrace (home), $2.7m. Mortgage left $800k.
2. Cash $700K, investment funds $300k
3. Investment property in Malaysia $200k
4. CPF $300k
5. Car $50k net of loan

Our combined net worth ~$3.45m.

Our combined income $450k pa (a sizeable portion of of our net worth was earned from property investments between 2003 and 2010)


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  #9543 (permalink)  
Old 07-03-2016, 12:07 PM
Long
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My girlfriend 24 this year, and myself 27 this year.

Myself: $220k pa (self employed)
GF: $120k pa (sales)

Myself: $250k portfolio, $100k cash, $30k CPF, $30k 2nd hand car
Her: ~$100k in cash, FD and UT

We are high income earners for our age but do not enjoy our lives one bit as it involves stress and working 6-7 days per week. I'm saving close to 80% of my income as I lead a rather simple life. We rarely splurge and save the majority of our income as we don't see ourselves spending the rest of our lives in this hectic manner.

My question is, what are the other tools available to us apart from your traditional stock and property investment, that will allow us to grow our wealth and income further down the road? We are mindful that the good times may not last (especially for her as she gets older and settles down).

We tried to BTO 1.5 years ago when our incomes were lower but failed and now have to settle for a private property.

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  #9544 (permalink)  
Old 07-03-2016, 12:12 PM
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Hi Long,

Are you a financial advisor or property agent? Could you share more on how you make so much by being a self-employed person?

Quote:
Originally Posted by Long View Post
My girlfriend 24 this year, and myself 27 this year.

Myself: $220k pa (self employed)
GF: $120k pa (sales)

Myself: $250k portfolio, $100k cash, $30k CPF, $30k 2nd hand car
Her: ~$100k in cash, FD and UT

We are high income earners for our age but do not enjoy our lives one bit as it involves stress and working 6-7 days per week. I'm saving close to 80% of my income as I lead a rather simple life. We rarely splurge and save the majority of our income as we don't see ourselves spending the rest of our lives in this hectic manner.

My question is, what are the other tools available to us apart from your traditional stock and property investment, that will allow us to grow our wealth and income further down the road? We are mindful that the good times may not last (especially for her as she gets older and settles down).

We tried to BTO 1.5 years ago when our incomes were lower but failed and now have to settle for a private property.
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  #9545 (permalink)  
Old 07-03-2016, 12:49 PM
Long
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Quote:
Originally Posted by Unregistered View Post
Hi Long,

Are you a financial advisor or property agent? Could you share more on how you make so much by being a self-employed person?
Hi, I run 2 small ecommerce sites selling packaged foods and designer items as well as part time tutoring for primary and sec students.


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  #9546 (permalink)  
Old 07-03-2016, 02:12 PM
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Quote:
Originally Posted by Long View Post
Hi, I run 2 small ecommerce sites selling packaged foods and designer items as well as part time tutoring for primary and sec students.
What's your ecommerce site?
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  #9547 (permalink)  
Old 07-03-2016, 04:54 PM
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Posters in this forum seems to be high income and rich people.

We know the median HH income is $104k pa and 80% live in public housing.

But there are posters whose HH incomes are $140k, $250k, $350k, $500k pa.

They live in condos and the better ones live in landed properties. Their HH net worth are more than $2m.

This forum attract all the top upper class group in society.

Are there people here who are the typical median income group? If you are, please share.


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| SGX Stocks [iPhone] app
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  #9548 (permalink)  
Old 07-03-2016, 05:30 PM
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Unhappy

8 years experience
33k
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  #9549 (permalink)  
Old 09-03-2016, 12:19 AM
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Are we considered well off? Here is our (hubby, 49 and wife, 48) finances

1. Own a 3 bedroom condominium currently valued at $1.2m, $200k loan outstanding

2. CPF and cash (combined) $500k

3. Car, loan outstanding $30k

Total income $180k pa, savings $40k pa
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  #9550 (permalink)  
Old 09-03-2016, 02:33 PM
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Default Any Car Salesperson here?

Hi, any car salesperson here?

How's the annual pay + commission like?

For medium range cars for eg.
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