How much are you earning per annum?

Originally Posted by Unregistered

i am 30 yo , and i've been hiring for the past 2-3 years , i never see any offer beyond 10k for anyone lower than 8 years experience . at most 10k for 1 or 2 foreigner.

that's why i'm wondering

you will be surprised... some IT company can really pay..

im 29 yo basic 10k and im the lowest rank in my company.. my manager probably above 15k and not even 10 years exp yet

im curious on your largest startup on earth.. that will not be startup alr..

Originally Posted by Unregistered

What job and industry are you in? Qualifications?

Degree holder
Ops role

Originally Posted by Unregistered

you will be surprised... some IT company can really pay..

im 29 yo basic 10k and im the lowest rank in my company.. my manager probably above 15k and not even 10 years exp yet

im curious on your largest startup on earth.. that will not be startup alr..

that's why i'm courious if i'm underpaid.

even a billion dollar company still considered a startup like grab and spacex. just it's the largest among all when comes to valuation. even so, i have yet to see anyone beyond 10k for those below 30yo

may i know what sort of job u are doing? and how did u end up getting 10k given starting pay as freshgrad ~3.5k. that's 6.5k more after maybe ~8 years

time to talk to my boss lol

I'm in IT and was also getting very close to 10k when I was 29.
That was after 2 job hops. Was a solutions architect.

Originally Posted by Unregistered

I'm in IT and was also getting very close to 10k when I was 29.
That was after 2 job hops. Was a solutions architect.

i see , very rare case, u must be really good at ur work to be architect at such age. good job

Originally Posted by Unregistered

i see , very rare case, u must be really good at ur work to be architect at such age. good job

A lot job hopper without real solution architect skill .

Just mix and match the Bom and most of them don’t have solid deployment experience .

Last job at FANG 295k per annum. Super toxic environment. Left without a job after 6 months on it.

Found job after 8 months 200+k.

Not IT. Professional with 8 years experience.

Not completely unrelated, but I just hope it’s not too far off track ...

Stating my background just to be in line with the topic:
I’m 33. Started working in 2012. Finance, but my grades (local U) were below average and hence did not qualify for any Management Associate or IB routes.
Started at S$40k pa and now around S$110k pa after 8.5 years of working exp. My savings barely top S$150k even though I lead a modest lifestyle and don’t own a car.

I wonder if people nowadays, especially my generation, find and feel that money has gotten a lot harder to make?
For people born 10 years older than me, they had the good old days of being able to buy multiple properties with 5% cash, flipping them several times and making bundles in the process.
Not to mention the good old days of the stock market.... these days, our local SGX is so dead. Most people who subscribed to the “buy & hold” mentality are still hoping to break even. Even the likes of “blue chips” like SembCorp, SPH, Guocoland, Keppel, etc etc are hardly yielding any profit these days. ETFs or Unit Trusts, despite the Global exposure, don’t do much better.

Scrolling back to the older posts, I see many of them who, despite modest or slightly-above-average salaries, managed to amass a decent amount of wealth by the time they were in their mid or late 30s. They could very well be troll posts, but it’s certainly worth having something to aim or work for (without sacrificing health and family).

Could anyone share their thoughts if they feel the same way too, or am I just being pessimistic?
Thanks in advance.
*I swear the figures are 100% truthful.

Not completely unrelated, but I just hope it’s not too far off track ...

Stating my background just to be in line with the topic:
I’m 33. Started working in 2012. Finance, but my grades (local U) were below average and hence did not qualify for any Management Associate or IB routes.
Started at S$40k pa and now around S$110k pa after 8.5 years of working exp. My savings barely top S$150k even though I lead a modest lifestyle and don’t own a car.

I wonder if people nowadays, especially my generation, find and feel that money has gotten a lot harder to make?
For people born 10 years older than me, they had the good old days of being able to buy multiple properties with 5% cash, flipping them several times and making bundles in the process.
Not to mention the good old days of the stock market.... these days, our local SGX is so dead. Most people who subscribed to the “buy & hold” mentality are still hoping to break even. Even the likes of “blue chips” like SembCorp, SPH, Guocoland, Keppel, etc etc are hardly yielding any profit these days. ETFs or Unit Trusts, despite the Global exposure, don’t do much better.

Scrolling back to the older posts, I see many of them who, despite modest or slightly-above-average salaries, managed to amass a decent amount of wealth by the time they were in their mid or late 30s. They could very well be troll posts, but it’s certainly worth having something to aim or work for (without sacrificing health and family).

Could anyone share their thoughts if they feel the same way too, or am I just being pessimistic?
Thanks in advance.
*I swear the figures are 100% truthful. And that this is not a troll post.

[lazyplane]

Originally Posted by Unregistered

Not completely unrelated, but I just hope it’s not too far off track ...

Stating my background just to be in line with the topic:
I’m 33. Started working in 2012. Finance, but my grades (local U) were below average and hence did not qualify for any Management Associate or IB routes.
Started at S$40k pa and now around S$110k pa after 8.5 years of working exp. My savings barely top S$150k even though I lead a modest lifestyle and don’t own a car.

I wonder if people nowadays, especially my generation, find and feel that money has gotten a lot harder to make?
For people born 10 years older than me, they had the good old days of being able to buy multiple properties with 5% cash, flipping them several times and making bundles in the process.
Not to mention the good old days of the stock market.... these days, our local SGX is so dead. Most people who subscribed to the “buy & hold” mentality are still hoping to break even. Even the likes of “blue chips” like SembCorp, SPH, Guocoland, Keppel, etc etc are hardly yielding any profit these days. ETFs or Unit Trusts, despite the Global exposure, don’t do much better.

Scrolling back to the older posts, I see many of them who, despite modest or slightly-above-average salaries, managed to amass a decent amount of wealth by the time they were in their mid or late 30s. They could very well be troll posts, but it’s certainly worth having something to aim or work for (without sacrificing health and family).

Could anyone share their thoughts if they feel the same way too, or am I just being pessimistic?
Thanks in advance.
*I swear the figures are 100% truthful. And that this is not a troll post.

A few points :

a. Did you look at your CPF ? Add that up, my back of the envelope calculation say your total savings is around 300k.

Thats is around 35k per year savings. Good results based on the fact you only got 40k annual pay cheque in year 1 !

Up to your current situation, you didnt really get your "full" cash entitlement for your increment. 20% of every $1k increment went to CPF.

b. Go read 1M65 blog post about CPF since you have >100k in savings in CPF. Project it to you are 65. That will explain some part of the numbers that older folks here are posting

c. Other investment for cash - that one , everyone has different track record.

So far, you are only hearing the winners and a lot of BS.

Who want to post that they lost big time in stock market or burden with debt. Read the latest DBS report on the general population of SG

https://www.dbs.com.sg/treasures/aic...029.1598259640

Out of the 1.2m polled , you can see where you stand.


d. Finally , i fully agree when some people say that Singapore has a lot of UHNW folks.. But the vast majority of SG citizens will never own a D9/D10 condo or a landed property.

The group of folks that stay in these places make up only top 10% of SG... the rest are .. you go figure out.

And is there a better way ? that is what all elections are about man...