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How much are you earning per annum?

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  #3411 (permalink)  
Old 03-01-2014, 11:49 AM
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Nice sharing, current a director in a bank working in risk management and total package is 360k only in a year. Very average in the banking industry

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  #3412 (permalink)  
Old 03-01-2014, 12:42 PM
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Quote:
Originally Posted by Unregistered View Post
I'm a 34 year old divorcee.. Mother of 1

Currently a professional earning $250pa but I have accumulated a stock and property portfolio which generates aground $150k pa. Planning to retire, live off the passive income flow and focus on bringing up the young one
Are you planning to remarry? Too young to remain single. How do you fulfill your needs? I can't be away from my hubby for more than a couple of days.

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  #3413 (permalink)  
Old 03-01-2014, 02:50 PM
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Are you planning to remarry? Too young to remain single. How do you fulfill your needs? I can't be away from my hubby for more than a couple of days.
have you heard of a device called the Hitachi Magic Wand?

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  #3414 (permalink)  
Old 03-01-2014, 09:26 PM
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Originally Posted by Unregistered View Post
I'm a 34 year old divorcee.. Mother of 1

Currently a professional earning $250pa but I have accumulated a stock and property portfolio which generates aground $150k pa. Planning to retire, live off the passive income flow and focus on bringing up the young one
Quite hard to achieve on a single income. Did you make it from a big bet in stocks or property?
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  #3415 (permalink)  
Old 04-01-2014, 12:23 PM
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I have no doubt that all those figures quoted are largely true, given that Singapore is THE country with the highest percentage of millionaire households in the world (17.1% or every 1 out of 6 people that you meet), with at least USD 1 million disposable assets, excluding their properties.

In the multi-millionaires category (those with at least 30million networth), we are number 3 in the world.

Of course, don't forget there is a difference between self-made millionaire and inheritance. Some people already own a property, or 100k stock portfolio before they start to work.

Now, I got a question. When we say "annual income" such as 250k, 350k etc on this forum, do you all reckon that's the basic salary or bonuses included?? Like the 400k "HR professional" and the guy who made 260k in telco
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  #3416 (permalink)  
Old 04-01-2014, 01:18 PM
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I assume bonuses and commissions are always included when people quote their annual salaries.
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  #3417 (permalink)  
Old 04-01-2014, 02:24 PM
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Wife, 42, $108k pa. I earn $172k pa. Total $280k pa. Penthouse and car paid up.
We spend a lot on restaurants, holidays, etc. Enjoying the high life. We don't save much because I will inherit my parents' FH bungalow now worth $10m. So I don't need to save for retirement. My parents were clever to buy a bungalow 40 years ago.
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  #3418 (permalink)  
Old 05-01-2014, 02:24 AM
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Single Male, 28 years old.

Earning about 37K-38K per annum.

Zero liabilities and debts.

Liquid cash: 60K
Ivestment portfolio: 15K
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  #3419 (permalink)  
Old 05-01-2014, 07:08 AM
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Originally Posted by darkstar View Post
Single Male, 28 years old.

Earning about 37K-38K per annum.

Zero liabilities and debts.

Liquid cash: 60K
Ivestment portfolio: 15K
Good that you are debt free. If you are staying with your parents, even better. Free food, lodging, laundry. You are financially independent.
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  #3420 (permalink)  
Old 05-01-2014, 12:40 PM
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Why so many people earning so much?
I'm already 40 and I only earn $60k pa. I only own a 5 room HDB flat, still with loan.
Like that how to upgrade to my dream condo in Hillview?
How to make more money?
Should I change job to insurance agent or property agent?
Pease advise. Thanks.
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