How much are you earning per annum?

Originally Posted by Unregistered

If you get more locum assignments, would you be able to earn more than 150k?

How much do your specialist classmates earn on average? Are there certain specializations that pay more than others?

I work about 35 hrs a week and am paid by the hr from 80 per hr to occ. 120 per hr so if I work more, will earn more.

I believe surgeons earn around 20k or more a month and eye specialists and surgeons generally earn more.

Originally Posted by Unregistered

is getting 68k per annum consider low for me?

2nd lower + NS, NTU

start working from Aug 2007 till now, age 32

Same. I started working on Aug 2007. Now aged 32. 2nd Lower + NS, NTU

getting about 130k per annum

Originally Posted by Unregistered

Same. I started working on Aug 2007. Now aged 32. 2nd Lower + NS, NTU

getting about 130k per annum

wow, almost double my salary!!!

what do you work as?
private or government?
how many time did you changed company? or is it still same 1st company?


I am just an engineer with local semi-government company...still with my 1st company.

[cslee]

Originally Posted by Unregistered

I work about 35 hrs a week and am paid by the hr from 80 per hr to occ. 120 per hr so if I work more, will earn more.

I believe surgeons earn around 20k or more a month and eye specialists and surgeons generally earn more.

Gynaecologists make the most $$$. Probably what you make in a year, they can make in a month.

I observed the human volume in some very small yet popular women clinic @ NE and North shopping malls. On average charge ~$200-300 per visit for a <15 min consultation. Imagine at least 30 pregnant women per day = 30 x $200 = $6K per day or $6k x 30 = $180K! Even after offset the salaries of 2 x nurses (~$8K) and rental (~$20K), still have over $150K per month.

Furthermore, it's going to be another baby boom for the year of horse.

We are a "not so high income" couple in our early 50s, earning in total only $153k pa. We still manage to live in an OCR condo, bought at $900k, after selling our paid up HDB flat for $700k. We have about $150k of mortgage left on the condo. Drives a small car. Our policy of property asset enhancement is successful as it allowed low income people like us to afford a condo because we can sell our HDB flat at a good price. Without selling our flat, we could not afford the condo, given our low pay.

Originally Posted by Unregistered

We are a "not so high income" couple in our early 50s, earning in total only $153k pa. We still manage to live in an OCR condo, bought at $900k, after selling our paid up HDB flat for $700k. We have about $150k of mortgage left on the condo. Drives a small car. Our policy of property asset enhancement is successful as it allowed low income people like us to afford a condo because we can sell our HDB flat at a good price. Without selling our flat, we could not afford the condo, given our low pay.

since when is $153k considered low pay? (whether combined or not)

Sold our landed house and downgraded to a penthouse. After the downgrade, no more housing loan, used excess cash as capital to manage my own stocks portfolio, full time. Active management of portfolio, generating income from both dividends and trading gains. Earning $80k pa, working from home. Wife working, earning $100k. Household expenses $90k pa. Hope to retire in 15 years time when I reach 55.

Originally Posted by Unregistered

Sold our landed house and downgraded to a penthouse. After the downgrade, no more housing loan, used excess cash as capital to manage my own stocks portfolio, full time. Active management of portfolio, generating income from both dividends and trading gains. Earning $80k pa, working from home. Wife working, earning $100k. Household expenses $90k pa. Hope to retire in 15 years time when I reach 55.

Sounds like you're already retired!

Originally Posted by Unregistered

Sounds like you're already retired!

Not really, I need to stay glued to the computer screen to look out for trading opportunities in global stock markets. However, I'm 10 times happier doing this than to work for someone else, always at the beck and call of bosses, working in an environment full of office politics, back stabbing, etc. Also able to see my children more often. When I retire, my portfolio should be big enough to generate $120k pa of passive income through purely dividends. Then I can relax at the condo pool and workout at the condo gym every single day. The companies I own will work for me.

Husband and wife, 48 & 40, combined income $225k pa.
Condo worth $1.5m, mortgage outstanding $500k.
CPF and cash, $400k. No other assets.

Our retirement plan:

Option 1: Downgrade to a 3 room HDB flat. Live on cash and CPF Life monthly payout.

Option 2: Live with kids and rent out condo.

Option 3: Sell condo, get cash and convert to RM. Retire in KL. Assuming my condo will be worth $2m and paid up in 12 years time when I retire, plus my other cash savings, I could have $2.5m cash. If exchange rate is S$1 = RM3 in the future, I will have RM7.5m. I will be a multi millionaire.

Option 4: Similar to Option 3 but retire in Thailand. I will be a mega multi millionaire. Can employ 2 maids, 2 gardeners and a driver.