How much are you earning per annum?

Thanks for sharing.

Originally Posted by Unregistered

Couple, early 40s, combined income, $150k pa. Lives in a luxury condo, fully paid up. Drives a luxury car, fully paid up. Goes to holidays twice a year. Life is good and luxurious.

Originally Posted by Unregistered

Obviously you are a big liar. If you said you live frugally and yet you spend 35% of $750k pa, that means you spend $262k pa. Do you know that means your frugal lifestyle is actually a lavish lifestlye? You must be going to restaurants every night? Supid liar. LOL.

Admin, please delete the liar's post.

65% is based on our combined MONTHLY salary. Our combined annual income comprises a significant portion in bonuses which is not guaranteed. If bonuses are included, then our expenditure is less than 20% of our total income. Included in the expenditure is again a material amount on charitable giving, insurance payments, income tax payments so day-to-day living expenditure (shopping, eating, holidays, etc) are much less (around 5% of income). I'm not stupid and I'm not a liar.

I m 29. wife is 26. wife earn 2k amth. I earn 2.5k amth. no house, no children. live with parents.

both bachelor degree. in 6k debts for myself. wife has 10k savings.

looking at all ur post. I m deeply ashamed...

Originally Posted by Unregistered

I m 29. wife is 26. wife earn 2k amth. I earn 2.5k amth. no house, no children. live with parents.

both bachelor degree. in 6k debts for myself. wife has 10k savings.

looking at all ur post. I m deeply ashamed...

No need to feel ashamed. Many of the posters here lie. They fantasize earning big bucks. Do you really believe people who earn close to $1m pa living in HDB flat? If they do, they have no shame as they benefit from the rebates given to HDB dwellers.

Anyway, which Uni did both of you graduate from?

Originally Posted by Unregistered

I m 29. wife is 26. wife earn 2k amth. I earn 2.5k amth. no house, no children. live with parents.

both bachelor degree. in 6k debts for myself. wife has 10k savings.

looking at all ur post. I m deeply ashamed...

Do not despair. There are people earning less than you.

h alaltube.com

Just persevere and work hard. You can also qualify to buy HDB BTO flat.

You are not helping to convince us without telling us what industry you are in. Earning $750k pa in your late 30s is very rare. So obviously you will get these kind of responses - disbelief and scorn.

In our elite admin or military service, yes we do know promising young officers can earn $300k+ pa. So unless they are married to each other, for a young couple to earn upwards of $500k pa is very rare.

How much income tax are you paying?

Originally Posted by Unregistered

65% is based on our combined MONTHLY salary. Our combined annual income comprises a significant portion in bonuses which is not guaranteed. If bonuses are included, then our expenditure is less than 20% of our total income. Included in the expenditure is again a material amount on charitable giving, insurance payments, income tax payments so day-to-day living expenditure (shopping, eating, holidays, etc) are much less (around 5% of income). I'm not stupid and I'm not a liar.

Originally Posted by Unregistered

You are not helping to convince us without telling us what industry you are in. Earning $750k pa in your late 30s is very rare. So obviously you will get these kind of responses - disbelief and scorn.

In our elite admin or military service, yes we do know promising young officers can earn $300k+ pa. So unless they are married to each other, for a young couple to earn upwards of $500k pa is very rare.

How much income tax are you paying?

I think he is not truthful. If he is a true trustworthy man, he will show us his tax returns here.

Ok, what do you need to be convinced. I can provide as much info as possible as long as it doesn't compromise my anonymity.

Age: 39, 37
Work: both in financial industry, in a support function (so not your banker, salesperson, trader etc)
Total income: $509K, $230K (I didn't say I earned $740K, I said "We")
Residence: 5rm HDB, our first property and lived for 14 years.
Car: 6-yr MPV (red-plated as we work downtown and don't drive to work. Use the car only on weekends to ferry kids).
Income tax for FY2014: $44.5K, $1.7K cos of working mothers' tax relief, SRS, CPF top-up etc.
Savings: $1.7m (adding around $300K per year not counting investment returns, as I mentioned we save 65% of MONTHLY income plus whatever is left over from spending the bonus)
Networth: $4.3m at end 2013.

Agree we are in a good position but as I said, I know of many people of my age who are much better financially. So I learn not to compare, but am really sincere in learning from the forumers here to increase my wealth and financial knowledge. tks.

Originally Posted by Unregistered

You are not helping to convince us without telling us what industry you are in. Earning $750k pa in your late 30s is very rare. So obviously you will get these kind of responses - disbelief and scorn.

In our elite admin or military service, yes we do know promising young officers can earn $300k+ pa. So unless they are married to each other, for a young couple to earn upwards of $500k pa is very rare.

How much income tax are you paying?

My spouse and I are 42 and 47 respectively and our combined income is just a modest $165k pa and we already live in a luxury condo which is fully paid up. We also own a conti car which is also fully paid up. We are happy with our financial state of affairs and enjoying life. We enjoy the gym and pool every weekend.

Which organisations are both of you working at?

Originally Posted by Unregistered

Ok, what do you need to be convinced. I can provide as much info as possible as long as it doesn't compromise my anonymity.

Age: 39, 37
Work: both in financial industry, in a support function (so not your banker, salesperson, trader etc)
Total income: $509K, $230K (I didn't say I earned $740K, I said "We")
Residence: 5rm HDB, our first property and lived for 14 years.
Car: 6-yr MPV (red-plated as we work downtown and don't drive to work. Use the car only on weekends to ferry kids).
Income tax for FY2014: $44.5K, $1.7K cos of working mothers' tax relief, SRS, CPF top-up etc.
Savings: $1.7m (adding around $300K per year not counting investment returns, as I mentioned we save 65% of MONTHLY income plus whatever is left over from spending the bonus)
Networth: $4.3m at end 2013.

Agree we are in a good position but as I said, I know of many people of my age who are much better financially. So I learn not to compare, but am really sincere in learning from the forumers here to increase my wealth and financial knowledge. tks.

Originally Posted by Unregistered

I think he is not truthful. If he is a true trustworthy man, he will show us his tax returns here.

You are funny. Why would anyone show his tax return to proof something to a bunch of anonymous people??