How much are you earning per annum?

Originally Posted by failed guy

can someone teach me how to earn more? 33,Diploma in computing, earning only 2.4k/mth. My starting pay was only $1.6k. Working as office admin for 7yrs.

Really feel depressed as everything prices are going up, n my elder brother is going to kick me from his flat. The flat is under his name and my mum's name. But now he is 35 and going to remove my mum's name.

Thought of getting a degree, but working full time and study part time is hard. Alot of time need to stay back work OT. If quit job and study full time, no income for at least 2yrs. If take degree course, which degree course is good?

Really need good advice.

Work full time and study part time. Save money. Eat the bitter pill for a few years.

Whatever u do, don't study biomedical and don't study engineering.

Try to set up sideline small business.

Your brother sounds rather nasty to be doing this to u. Try to stay put with free accommodation. Avoid renting as it is expensive in SG. Save money for your first property.

Most of all, good luck and make good friends. All the best

35 years old guy. Earning $6400 per month in private sector doing finance work (but not banking). is this considered reasonable?

Originally Posted by Unregistered

35 years old guy. Earning $6400 per month in private sector doing finance work (but not banking). is this considered reasonable?

Quite good.

Is this still your 1st job?

Do you have work-life balance?

3rd job. Average work till 7-8plus.

Not good, if you have to ask, it means you are not earning enough.

3000x1.0713^(36-25) = 6314

You grow your salary by only about 7% per year.

By the standards in this forum where everyone is getting increments in the range of 15% to 20% every year without fail, your expected salary should have been

3000*1.2^(36-25) = 22290

By normal standard of 15% per 2 years (i.e. change job every 2 years, 15% increment for new job, 5% for the year with no change, average 10% per year), your salary should have been:

3000*1.1^(36-25) = 8559

Hello guys, I am 45 years old, bachelor, earning S$100k per annum.

Owns a one bedroom condo, fully paid. Worth S$1mil now.

How am I doing?

Even worst off then the previous guy. By the same calculation, you managed only an increment of 5.24% a year.

3000*1.05241^(45-25)*12

If property prices were to drop, would your condo still be worth that much?

congratulations.
you're doing quite fine.
by the time you retire at 55 years old, your condo will likely be worth at least 2mil.

Originally Posted by Unregistered

Hello guys, I am 45 years old, bachelor, earning S$100k per annum.

Owns a one bedroom condo, fully paid. Worth S$1mil now.

How am I doing?

[poor and stupid]

You are doing it WRONG!!, One does not simply fully paid his property..... you just DONT!

S'porean
IT in hotel
$2.4k per month

Good? Any opinions?