How much are you earning per annum?

You've done well. You're a millionaire couple and living in a condo. Congrats on being the top 20% of the population.

Originally Posted by Unregistered

Our expenses and income per month (pro rated)

Condo mortgage & maintenance $1500 pm
Car loan $800 pm
Car petrol $500 pm
Other car related expenses $500 pm
Food, groceries, restaurants, utilities $2000 pm
Parents allowance $1600 pm
Insurance $1700 pm
Children (2 teenagers) related expenses $1000 pm
Misc (taxes, holidays, clothings, entertainment, donations, etc) $2500 pm
Total expenses $12,100 pm ($145.2k pa)

Total income (pro rated) $15,600 pm ($187.2k pa)
Total savings $3,500 pm ($42k pa)
Total net worth (home equity+cash+cpf) $1.4m

Our age: 49 & 46.
Is your expenses, income and net worth similar, less or more?

Originally Posted by Unregistered

800k per annum?

are C level executive or what?

Not even SVP at my bank earn that much.....only the few C level execs and star traders got that type of amount...

i want to believe you...............but the truth is out there.

800k for banking C suites will be derisory.

Don't worry, mine is combined, not one pax.

Originally Posted by Unregistered

800k for banking C suites will be derisory.

Don't worry, mine is combined, not one pax.

because C level execs are paid more in other benefits like shares, and performance based bonuses....not a fixed monthly income....

contrary to popular believes, not many C level execs and MDs are paid high monthly salary like our ministers.....they were compensated extremely well if they performed well...yes....bug if they screwed up (like the transport minister did), they will be shown the door faster than you can remember their name....

Originally Posted by Unregistered

You've done well. You're a millionaire couple and living in a condo. Congrats on being the top 20% of the population.

Thanks. We are happy with our achievements.

So many millionaires in this forum.

Originally Posted by Unregistered

So many millionaires in this forum.

Fake impostors

Lol. Yes the real atas ones won't be writing about it. But then low-end millionaires it's no big deal now. They are probably around you. Based on our generation now, where past generations built up wealth for children, not difficult to be low-end millionaires

Low class millionaires are those with individual (not combined with spouse) net worth of less than $5m. So, a couple with combined net worth of less than $10m is considered low class millionaires.

Middle class millionaires - individual net worth of between $5m to $50m.
Upper class millionaires - individual net worth of between $51m and $200m.
High class millionaires - individual net worth of more than $200m.

What do mean...low class n high class millionaires. To me, you are all peasants. I'm a multi billionaire. You r nothing compare to me.

Now get back to work!!

Cat A COE went up again. Any fools still hoping for $10k COE? LOL.