How much are you earning per annum?

Originally Posted by Unregistered

We can also retire when we reach 55 yo. We own a paid up condo worth $1m. If we sell it and then downgrade to a $500k HDB 5 room flat, we can get $500k cash. We also have CPF savings in CPF Ordinary Account. We plan to choose the CPF Life ERS so our CPF Life can give us about $4500 pm in total when we reach 65. It’s exciting to know that we can retire in 5 years time.

If you’re willing to downgrade then no problem. Your desire to relax and retire early at 55 must be greater than worrying about what others think of you downgrading. Anyway you live your own life. Do what makes you happy. Why care about face or what other people think of you.

Originally Posted by Unregistered

If you’re willing to downgrade then no problem. Your desire to relax and retire early at 55 must be greater than worrying about what others think of you downgrading. Anyway you live your own life. Do what makes you happy. Why care about face or what other people think of you.

Downgrading is no problem at all. Many people downgrade to fund their retirement. There are those who sell their landed properties and buy HDB flats to retire.

For example they sell their landed properties for $3 mil. Then buy a HDB flat for $500k. They have $2.5 mil to travel and enjoy life. No need to worry at all.

32yo male + 31yo female
M: Fund management
F: non-sales financial sector.

Annual Base: $160k (M) + $90k (F)
Recent Bonus: $72k (M) + $11k (F)
*all not inclusive of employer CPF
**before CPF deduction

Assets
House: NA (but looking around)
Car: $40k value (fully paid up 4yr remaining)
Cash Savings: $50k (M) + $110k (F)
Investments NAV: $230k (M) + $10k (F)
Insurance: not sure about the value but we pay about $5k annually each

Liabilities/Expenditure:
Loans: NA
Parents’ Pocket Money: $1.2k (M) + $800 (F)
Normal Monthly expenses: $1.5k (M) + $2.0k (F)
One off items: ~$10k/annum (M) + ~$10k/annum (F)

Originally Posted by Unregistered

32yo male + 31yo female
M: Fund management
F: non-sales financial sector.

Annual Base: $160k (M) + $90k (F)
Recent Bonus: $72k (M) + $11k (F)
*all not inclusive of employer CPF
**before CPF deduction

Assets
House: NA (but looking around)
Car: $40k value (fully paid up 4yr remaining)
Cash Savings: $50k (M) + $110k (F)
Investments NAV: $230k (M) + $10k (F)
Insurance: not sure about the value but we pay about $5k annually each

Liabilities/Expenditure:
Loans: NA
Parents’ Pocket Money: $1.2k (M) + $800 (F)
Normal Monthly expenses: $1.5k (M) + $2.0k (F)
One off items: ~$10k/annum (M) + ~$10k/annum (F)

High income and high expenses.

Originally Posted by Unregistered

Downgrading is no problem at all. Many people downgrade to fund their retirement. There are those who sell their landed properties and buy HDB flats to retire.

For example they sell their landed properties for $3 mil. Then buy a HDB flat for $500k. They have $2.5 mil to travel and enjoy life. No need to worry at all.

I know of a high flyer friend in the corporate sector who sold his landed property, made a good profit from the sale and downgraded to a condominium apartment. He is now retired and focuses his life on doing charity work for free and improved on his health. He is debt free. I’ve never seen him happier and healthier. He retired in his mid 40s. Super high achiever in Singapore.

Originally Posted by Unregistered

32yo male + 31yo female
M: Fund management
F: non-sales financial sector.

Annual Base: $160k (M) + $90k (F)
Recent Bonus: $72k (M) + $11k (F)
*all not inclusive of employer CPF
**before CPF deduction

Assets
House: NA (but looking around)
Car: $40k value (fully paid up 4yr remaining)
Cash Savings: $50k (M) + $110k (F)
Investments NAV: $230k (M) + $10k (F)
Insurance: not sure about the value but we pay about $5k annually each

Liabilities/Expenditure:
Loans: NA
Parents’ Pocket Money: $1.2k (M) + $800 (F)
Normal Monthly expenses: $1.5k (M) + $2.0k (F)
One off items: ~$10k/annum (M) + ~$10k/annum (F)

Even with those expenses, how do you (the guy) have so little savings with that salary? Was it a recent increment? I'm turning 28 in a few months making slightly over $10k/mth and I have 160k NAV in investments. My expenses are about 1-1.5k/mth

Originally Posted by Unregistered

10m per annum trader here.

agreed with what u said in general.

i am similar except i am only in my thirties.

nowadays i do whatever i want, whenever i want.

i also engage high-class escorts and sugarbabies regularly for pleasure.

and massage when market is closed to relax.

i laugh at all the idiots still running the rat race while im richer than they can ever be in a lifetime.

I bet you're the type that enters via the backdoor

Originally Posted by Unregistered

Even with those expenses, how do you (the guy) have so little savings with that salary? Was it a recent increment? I'm turning 28 in a few months making slightly over $10k/mth and I have 160k NAV in investments. My expenses are about 1-1.5k/mth

definitely did not start out this way. my first salary at 27 was $60k/annum.
i've been giving parental allowance of >$1k since the start.
Plus I had my education loan to repay when i first started ($28k) +($40k for masters to family members).

But i take your point. Need to earn more to catch up then.

Originally Posted by Unregistered

definitely did not start out this way. my first salary at 27 was $60k/annum.
i've been giving parental allowance of >$1k since the start.
Plus I had my education loan to repay when i first started ($28k) +($40k for masters to family members).

But i take your point. Need to earn more to catch up then.

Did you start out in the FO?

Anyone feels like the economy reopening is not worth it? Feels like the free flow of FTs from covid infected countries are leading to a new covid outbreak in Singapore