How much are you earning per annum?

Originally Posted by Unregistered

Ok, 16% if below 50. I now above 50, so mine is 14%.

When I first started work, more than 25 yrs ago, employer CPF contribution rate was 25%! Employees' contribution was another 25%. So our CPF savings grew very fast.

Oh well, looks like we will never get back to those days.

SGD200k
Procurement Director
43

[borderlands]

Originally Posted by Unregistered

Sorry John Doe, the wise words not meant for you.

If you didnt have your multi millions (by the way how many millions do you have? $2M? or $3M?) would you be so smuck and say you can drop out of the rat race?

Enjoy now, but dont come running back to us hardworking people for charity later on. We dont like to help free loaders.

Hey , I understand and like what you mean. Do you mean... multi-millionaires who fuss over GST credits not given enough (or at all) to them due to their private property assets?

Hey guys,

I see many posts stating high salaries, but it is hard to correlate if you don't include your profession.

Do check out this survey report from Kelly on the wage range for various jobs in a Singapore: ://lithaneducation.com/pdf/salary_guide_2012_13%20-%20Kelly.pdf

It was compiled in 2012, so I guess the figures could be a little outdated. The range stated for the field I am in is on the low side.

Originally Posted by Hermit

Friend, our dear GP earns $190k. Assuming 3 months bonus + 12 months, he is paid $12,666 per month. Definitely not over the top.

Agreed. Sounds pretty reasonable to me.

Would like to get a sense of what you people would do if you have a passive income stream of $9k per month in addition to your earned income.

1. re-invest them?
2. retire immediately?
3. buy a new car?
4. Donate a portion to charity every month?
5. travel ?

I asked my colleagues the same question, and the answers were different for different ages. We are all in the same profession.

Younger colleagues:
1. Buy new car
2. Retire already
3. Travel

Older colleagues:
1. Re-invest
2. Retire immediately
3. Travel

Richer colleagues
1. re-invest

I am 39 years old and a locum GP. Thinking of selling my Sg properties to get about 1.4 mil sing cash proceeds after paying off mortgages. Then put in Malaysian fixed deposit of 4% for 5 years to get S$4666 amth which is rm12000 a mth to retire in my paid up JB semid as currently quite freaked by Ebola....

It depends on your expenses. If more than $9k pm, how to retire? But if your expenses is like $4k pm and you can some more save $5k pm, then no problem to retire. If I were you, I make sure I am debt free, no more loans on my condo and I don't own a car. If you just need money for food, utilities, public transport, you can live comfortably with $3k pm if you don't have kids or old folks to take care.

Originally Posted by Unregistered

Would like to get a sense of what you people would do if you have a passive income stream of $9k per month in addition to your earned income.

1. re-invest them?
2. retire immediately?
3. buy a new car?
4. Donate a portion to charity every month?
5. travel ?

I asked my colleagues the same question, and the answers were different for different ages. We are all in the same profession.

Younger colleagues:
1. Buy new car
2. Retire already
3. Travel

Older colleagues:
1. Re-invest
2. Retire immediately
3. Travel

Richer colleagues
1. re-invest

Originally Posted by Unregistered

Would like to get a sense of what you people would do if you have a passive income stream of $9k per month in addition to your earned income.

May I know how you got the impressive $9k/mth of passive income stream? Stock dividends?

Originally Posted by Unregistered

May I know how you got the impressive $9k/mth of passive income stream? Stock dividends?

I am a graduate from local university. I am in a very sad and depressed state. I just turned 36 and I am still single. I am earning a low $4500 per month. I am saying low because I hold a degree (in comparison to other degree holders of my age I feel and think I am earning very low).

Can someone guide or advice different passive income opportunities ?

Originally Posted by Unregistered

I am a graduate from local university. I am in a very sad and depressed state. I just turned 36 and I am still single. I am earning a low $4500 per month. I am saying low because I hold a degree (in comparison to other degree holders of my age I feel and think I am earning very low).

Can someone guide or advice different passive income opportunities ?

You are not alone. I'm 40 but I am earning only $3.3k pm while my wife, 45, earns $5k pm. We live in a 5 room flat, bought cheap. We can afford only an old small car to ferry our kids around. Once the kids are bigger we will dispose our car and use the bus.

Why not you get married? Find a wife who is earning more than you. Don't be too fussy on the looks. You can then buy a cheap BTO.