How much are you earning per annum?

Originally Posted by Unregistered

16k a month and driving a half a million dollars car? (Maserati GranTurismo S is around that price.

Either you are very unwise with your money or ......

16k is a lot but not that much... I earn 14k a month and i drive a 160k Audi Q5 bought when COE was much lower... By today's COE, I would not have bought my Audi cause it is more than 200k but probably settle for something lower end....

If you really earning 16k, look at property and not ex. cars.. cars are liabilities and you are just throwing away money...

BS or Reality, I leave it to you guys to do the numbers...

I am age 34, annual base is 220k, bonus around 150k.
I dont feel I am rich enough to buy bmw or audi or maserati yet.
Still drives a toyota and lives in HDB. I am looking to upgrade to condo near town, but the ever increasing property prices (1800psf x 1600sf) just makes me feel I still need to be in the saving mode for sometime...

Originally Posted by Unregistered

I am age 34, annual base is 220k, bonus around 150k.
I dont feel I am rich enough to buy bmw or audi or maserati yet.
Still drives a toyota and lives in HDB. I am looking to upgrade to condo near town, but the ever increasing property prices (1800psf x 1600sf) just makes me feel I still need to be in the saving mode for sometime...

Waahhh!!! Annual base 220K @ 34 yrs old. Well done Sir!

Let's not quarrel about "who bought what car" or if its a wise decision or not. That's not the point.

It's his/her money and he/she can do whatever he/she wants. Period. Case closed.

I hope in the future i can earn as much as you guys or maybe more.

i guess i should stop browsing this forum and start studying. hahahaha...

Originally Posted by Unregistered

Waahhh!!! Annual base 220K @ 34 yrs old. Well done Sir!

Let's not quarrel about "who bought what car" or if its a wise decision or not. That's not the point.

It's his/her money and he/she can do whatever he/she wants. Period. Case closed.

I hope in the future i can earn as much as you guys or maybe more.

i guess i should stop browsing this forum and start studying. hahahaha...

what makes you think studying hard will make you successful? you also gotta choose your parents and your birthplace correctly. the fact that you are a citizen already puts you in a disadvantaged position.

Originally Posted by Unregistered

Waahhh!!! Annual base 220K @ 34 yrs old. Well done Sir!

Let's not quarrel about "who bought what car" or if its a wise decision or not. That's not the point.

It's his/her money and he/she can do whatever he/she wants. Period. Case closed.

I hope in the future i can earn as much as you guys or maybe more.

i guess i should stop browsing this forum and start studying. hahahaha...

Well, I think his point is - it may not be a real example, and the first poster may be lying.

For one to draw $200k p.a., there is an implicit assumption that he has some common sense.

And spending 2.5x his annual pay on a car is just plain illogical, and does not appear to be the decision of a top executive.

Does not pass the smell test.

Originally Posted by Unregistered

Well, I think his point is - it may not be a real example, and the first poster may be lying.

For one to draw $200k p.a., there is an implicit assumption that he has some common sense.

And spending 2.5x his annual pay on a car is just plain illogical, and does not appear to be the decision of a top executive.

Does not pass the smell test.

With cheap financing, why not? Lots of people drive BM when their pay is only 60k. Lots of young couples buy condos when their combined pay is less than 100k. They are still enjoying life cos the music hasn't stopped. Maybe it will never stop. Lucky chaps. The prudent ones are postponing their happiness, maybe forever.

Originally Posted by Unregistered

what makes you think studying hard will make you successful? you also gotta choose your parents and your birthplace correctly. the fact that you are a citizen already puts you in a disadvantaged position.

Unfortunately, i have to agree with you.

If you cant choose your parents or birthplace, you can at least choose the people you want to be surrounded with.

Like they say, if you mix with smart people, you'll be smarter or if you mix with rich people, you'll be richer.

Originally Posted by Martin

Can I ask how old are u?

I know GranTurismo S is hefty as a car investment but by owning it, I will need to constantly work smarter harder.

There are lots more people my age who earns same or higher salary than me ... some drives BMWs, Audis or Ferraris.

Are u also in media industry or other industry?

I will like to share & improve to be better

Thanks

Hi Martin,

I am glad that you are pushing yourself harder by buying an expensive car.

There is someone almost the same as you, same media industry, same high position, same type of car, same high pay but different name.

Perhaps you can search for Ronaldo and read the thread.

Cheers...

Originally Posted by Unregistered Ronaldo

Hi Martin,

I am glad that you are pushing yourself harder by buying an expensive car.

There is someone almost the same as you, same media industry, same high position, same type of car, same high pay but different name.

Perhaps you can search for Ronaldo and read the thread.

Cheers...

I am making $600k/mth...but I drive a lau pok minivan....no choice, sometimes I carry paint to splash at pple house...sometimes I go different bank to do mundane banking...most of the time I am either at geylang or changi...have to be obscure mah....mar tar watching..haha

btw, i also stay in hdb, didnt buy any other hse here...got money put elsewhere la....in case got caught...still can retire rich elsewhere mah

Originally Posted by Unregistered

With cheap financing, why not? Lots of people drive BM when their pay is only 60k. Lots of young couples buy condos when their combined pay is less than 100k. They are still enjoying life cos the music hasn't stopped. Maybe it will never stop. Lucky chaps. The prudent ones are postponing their happiness, maybe forever.

Where did you get this impression of many pple over leveraging?
Maybe a very small group...
Can you provide some good examples?
I am keen to know.

Originally Posted by Unregistered

With cheap financing, why not? Lots of people drive BM when their pay is only 60k. Lots of young couples buy condos when their combined pay is less than 100k. They are still enjoying life cos the music hasn't stopped. Maybe it will never stop. Lucky chaps. The prudent ones are postponing their happiness, maybe forever.

There are also many geniune well-paid employees in Singapore who can afford fast car and expensive home.

Check out from your friends in the legal, banking, insurance and property industry, it is not a surprise to know that many Singaporean are making big bucks and not overstretching themselves in cars and house. More than one car and investment house are norm to them.

However most of this well-paid salaried workers are in the banking, trading industry. Making $500K per yr (including bonus) is quite common.

My income is $110K per year, living in HDB and driving a Japanese car. Though not making as high as others, I am still quite happy cos I have enough buffer to be debt free.

For those who borrowed too much for a car and house, I believe they are starting out and not having any child. I am in the same situation too before the child is out.

I began to worry that the music would stopped when I starting to age and trim down all my luxury expenses.

However if I do make and save more, I would still reward myself as life is short.