How much are you earning per annum?

#**7001** (**permalink**) 06-03-2015, 09:41 PM

45 & 43, married couple with two secondary school children. Our combined income is $140k pa. We sold our fully paid HDB flat for $600k and bought a resale condo for $1.1m. Paid downpayment of $600k and took a mortgage loan of $500k.

Ever since we lived in a condo, we felt very happy to enjoy the privacy, security and social status. The facilities are really nice. Our kids enjoy the swimming pool very much.

Our combined net worth:

Condo (net of loan) $600k
Stocks $65k
Cash and CPF funds $485k
Car $50k

Total combined net worth $1.2m

How are we doing?

EJ257 · #**7002** (**permalink**) 06-03-2015, 11:12 PM

33 this year.
income just crossed the $100k milestone

EJ257 · #**7003** (**permalink**) 06-03-2015, 11:21 PM

Quote:

Originally Posted by EJ257

33 this year.
income just crossed the $100k milestone

took a screenshot from iras. I don't think I earn alot compared to my peers but I am truly happy that I reached this milestone

#**7004** (**permalink**) 06-03-2015, 11:52 PM

40, earning $38k pa. Am I poor?

#**7005** (**permalink**) 07-03-2015, 12:21 AM

Quote:

Originally Posted by Unregistered

40, earning $38k pa. Am I poor?

No, you are not poor.

#**7006** (**permalink**) 07-03-2015, 12:32 AM

Quote:

Originally Posted by Unregistered

40, earning $38k pa. Am I poor?

For sure you are not having a degree. Even a bus driver earn more than that.

#**7007** (**permalink**) 07-03-2015, 12:36 AM

Quote:

Originally Posted by Unregistered

For sure you are not having a degree. Even a bus driver earn more than that.

The person only asked whether he/she is poor. Do not comment about his/her educational qualification. You are strictly not allowed to use your inference skills.

#**7008** (**permalink**) 07-03-2015, 01:19 AM

Earning only 4.2K per month at age 38. How to progress?

#**7009** (**permalink**) 07-03-2015, 01:38 AM

Quote:

Originally Posted by EJ257

took a screenshot from iras. I don't think I earn alot compared to my peers but I am truly happy that I reached this milestone

[s://farm9.staticflickr.com/8594/16546285588_aa0358cf04_q.jpg[/

Well done. I'm 33 going on 34 and just a couple grand more. I totally share your sentiments.. I could do better compared to my peers but I'm very glad to have crossed this magical $100k barrier without being in sales or banking.

My next goals are $125k by 37 and $140k by 40.

#**7010** (**permalink**) 07-03-2015, 09:07 AM

Quote:

Originally Posted by Unregistered

For sure you are not having a degree. Even a bus driver earn more than that.

I'm poor then :-(