How much are you earning per annum?

Originally Posted by Unregistered

does your kids need you to pay for their overseas education? or are they smart enough to secure a scholarship?

They are 9 and 6 so can't tell now although I hope they can fund their education themselves haha.

On my previous post I meant 20 years in my last hdb flat. Lived in hdb all my life till last year and proud of it.

Originally Posted by Unregistered

We have done our Maths. Are you a JB expert who knows more than we do?

Condo rental is cheap because of oversupply. Many buyers of Johor condos are investors. They have difficulty renting out their condos as supply is a lot greater than demand. They have to rent cheap or else will be empty for a long time. You can get cheap condo rentals even in good, safe location.

There are no JB expert. I am Johorean. People who earn RM11k are trying to migrate to Singapore, RM11k in JB vs SGD3k in SG, living quality is same same. Sg is much safer place, you don't need a car in sg when you retire. But in Malaysia, without car you are trapped in your small 1k rental apartment.

[ShoeLace]

I was hired by an IT company in year 2009.

I am a fresh graduate (Part time overseas degree).
Hired as a Application Engineer.

My salary is as below

2009 : $2400
2010 : $2700
2011 : $2970
2012 : $3070
2013 : $3390
2014 : $3780 (Promotion)
2015 : $4100
2016 : $4210 (Current)

2016 : $70,000 (annual)

Please comment is my salary too low or ok ?

Originally Posted by Unregistered

Tks. It was through sheer hard work and a fairly extreme level of forced savings that got us where we are.. also as I said we moved to our current place after living in a hdb for the last 2 years which helped a lot in terms of savings thru utility rebates, Gst rebates, low pty taxes etc..it also helps to have a frugal wife, I just can't get her to spend money (the book The Millionaire Next Door really is true).

To the post on buying annuities you are mistaken. What I meant is income streams that come in every month thru interest, dividends and cap gains. I don't intend to buy annuities until cpf Life hits me.

As I mentioned I save $31k a month so even without other income stream my network has increases close to $450k a year so theoretically I can get to $10m nw in 10 years time but it doesn't take into account major expenditure such as kids education (particularly if it's overseas) and others which is where my concern lies.

Life has dealt you more than a fair hand of cards, in terms of ability, job, opportunities and spouse.

I think you can take it easy and look at other aspects like giving back to society or helping the less fortunate while you have the energy instead of obsessing over how much is enough to feel financially secure.

Everyone here earn so much. I'm earning just $41k pa and I'm in my 40s. Anyone in this forum my age earning less than me?

Originally Posted by Unregistered

Everyone here earn so much. I'm earning just $41k pa and I'm in my 40s. Anyone in this forum my age earning less than me?

53yo. Single. o levels holder.

In hotel industry banquet side. Gross 2.6K pm. Bonus: 1.5 month per year.

Originally Posted by Unregistered

Everyone here earn so much. I'm earning just $41k pa and I'm in my 40s. Anyone in this forum my age earning less than me?

$41k is per month or per year? Single or household income?

The poster who has $500k per year household income already min.$40k/month

Originally Posted by Unregistered

$41k is per month or per year? Single or household income?

The poster who has $500k per year household income already min.$40k/month

My bad. I didn't see its $41k pa. Pls ignore the question.

The below data shows how much people earn in 2014. There are 224,042 people earning $41k - $50k pa, and about 500,000 people earning below that. But I have a feeling many in this group are young workers just starting out.

Assessable Income. / No. Of People
(Gross income less deductibles)

$1m and above / 4557
$500k to $1m / 14,757
$400k to $500k / 11,479
$300k to $400k / 24,268
$200k to $300k / 59,346
$150k to $200k / 70,315
$100k to $150k / 158,244
$80k to $100k / 120,538
$70k to $80k / 86,370
$60k to $70k / 115,089
$50k to $60k / 162,440
$40k to $50k / 224,042
$30k to $40k / 288,519
$25k to $30k / 136,256
$20k to $25k / 71,842
Below $20k - no tax.

Originally Posted by Unregistered

Everyone here earn so much. I'm earning just $41k pa and I'm in my 40s. Anyone in this forum my age earning less than me?

Correction bro, his $41k pa income is before deductibles. That means his assessable income is in the $30k - $40k pa bracket. There are 288,519 people in this group, and slightly more than 200,000 people earning less than him.

Originally Posted by Unregistered

The below data shows how much people earn in 2014. There are 224,042 people earning $41k - $50k pa, and about 500,000 people earning below that. But I have a feeling many in this group are young workers just starting out.

Assessable Income. / No. Of People
(Gross income less deductibles)

$1m and above / 4557
$500k to $1m / 14,757
$400k to $500k / 11,479
$300k to $400k / 24,268
$200k to $300k / 59,346
$150k to $200k / 70,315
$100k to $150k / 158,244
$80k to $100k / 120,538
$70k to $80k / 86,370
$60k to $70k / 115,089
$50k to $60k / 162,440
$40k to $50k / 224,042
$30k to $40k / 288,519
$25k to $30k / 136,256
$20k to $25k / 71,842
Below $20k - no tax.