How much are you earning per annum?

Originally Posted by Unregistered

Work and save harder little boy, then you would believe that you can do it.

I believe you... that you are big cannon deity.

Hi i am 23 going 24. Have saved 150k. By end of year should be about 180k savings. 3rd year in my job. Annual income can say about 80k plus average. In financial sector. First job after army. Have not gone uni. Any suggestions where and how i can improve

Thank you for believing in me.

Start working hard now!

You would not able to make it if you have self-doubt.

Originally Posted by Unregistered

I believe you... that you are big cannon deity.

You can judge for yourselves the maturity of some the forummers here. You have people answering on behalf of others and discussions on any topic can quickly degenerate into childish and silly exchanges.

I dont know which is worse - immature posters or posters who are delusional about their incomes and wealth? I mean what satisfaction can they derive from all these false claims? Do these people get a kick out of this? Does it make them feel rich?

I can never understand such mentality.

I have not come across anyone sharing their income at mid year point, so I thought I would be the first one to share. Anyway, when you are past 55, every year you are still gainfully employed is a bonus. As one of these "seniors", we look at our remaining employability in terms of months. So here goes:

All Income (Jan to Jun)
Passive Income : $78k
salary - self : $100k
Salary - wife: $76k

Total half yearly income : $254k

Going forward, we expect the income from our salaries for the second half of the year to be higher because that's when we are paid our bonuses. The passive income portion will be lower in the second half than the first, as the highest dividend payout for us is usually in the month of May - unless some company decides to dish out extra dividend in the second half of the year.

Originally Posted by Unregistered

I have not come across anyone sharing their income at mid year point, so I thought I would be the first one to share. Anyway, when you are past 55, every year you are still gainfully employed is a bonus. As one of these "seniors", we look at our remaining employability in terms of months. So here goes:

All Income (Jan to Jun)
Passive Income : $78k
salary - self : $100k
Salary - wife: $76k

Total half yearly income : $254k

Going forward, we expect the income from our salaries for the second half of the year to be higher because that's when we are paid our bonuses. The passive income portion will be lower in the second half than the first, as the highest dividend payout for us is usually in the month of May - unless some company decides to dish out extra dividend in the second half of the year.

Impressive! How much is your net worth and how do you invest your net worth to generate passive income of $78k just in half a year?

Originally Posted by Unregistered

I have not come across anyone sharing their income at mid year point, so I thought I would be the first one to share. Anyway, when you are past 55, every year you are still gainfully employed is a bonus. As one of these "seniors", we look at our remaining employability in terms of months. So here goes:

All Income (Jan to Jun)
Passive Income : $78k
salary - self : $100k
Salary - wife: $76k

Total half yearly income : $254k

Going forward, we expect the income from our salaries for the second half of the year to be higher because that's when we are paid our bonuses. The passive income portion will be lower in the second half than the first, as the highest dividend payout for us is usually in the month of May - unless some company decides to dish out extra dividend in the second half of the year.

Very impressed with the amount of passive income you're generating. Is this entirely from Dividends or do you have property? Have you tracked what is your dividend yield?

Originally Posted by Unregistered

You can judge for yourselves the maturity of some the forummers here. You have people answering on behalf of others and discussions on any topic can quickly degenerate into childish and silly exchanges.

I dont know which is worse - immature posters or posters who are delusional about their incomes and wealth? I mean what satisfaction can they derive from all these false claims? Do these people get a kick out of this? Does it make them feel rich?

I can never understand such mentality.

I disagree. Some times it is good for people to escape into their little fantasies. And here, at this forum we provides a gd avenue.

Of course the primary aim of his forum is to provide a useful discourse for people who really want to reach their goals and provide a useful frame of reference. But like most salary forums, it inadvertently degenerates into fantasies. Which I think it is still not a bad thing from altruistic point of view as it to some extent improves the mental health of the posters.

Originally Posted by Unregistered

I have not come across anyone sharing their income at mid year point, so I thought I would be the first one to share. Anyway, when you are past 55, every year you are still gainfully employed is a bonus. As one of these "seniors", we look at our remaining employability in terms of months. So here goes:

All Income (Jan to Jun)
Passive Income : $78k
salary - self : $100k
Salary - wife: $76k

Total half yearly income : $254k

Going forward, we expect the income from our salaries for the second half of the year to be higher because that's when we are paid our bonuses. The passive income portion will be lower in the second half than the first, as the highest dividend payout for us is usually in the month of May - unless some company decides to dish out extra dividend in the second half of the year.

I will answer the few similar queries on our how we got the above passive incomes. In two words - "Size matters". It means literally the size of the investment principal amount determines the size of the returns.

If you were expecting some secrets or easy way of making quick and big profits, I have none.

Our above passive income comprises:

Jan - Jun 2017
1. Rental income (gross): $20k
2. Dividends from stocks : $26k
3. Interest from Bonds : $14k (half yearly coupon payment)
4. Interest from CPF (OA & SA) : $18k (from Jan to Jun)

The stocks we hold are giving us 4.5% on average. The various bonds we hold gave us an average of 5%. You can do the math yourself to determine the capital invested to arrive at the passive income.

As we are above 55, we could withdraw the interest from our CPF OA & SA if we so wish.

Here, I wish to share that depending only on dividend and retal income for cash flow is rather risky as dividend and rental income are highly volatile and market dependent. As we near and prepare for retirement we have shifted our focus on more stable passive income sources, namely the CPF and bonds.

Our full year passive income for 2016 was $160k and this year we are not hopeful of hitting the same amount as the companies / economy have not been doing well. And we are also not sure if our tenant will see out the tenancy. On the other hand, we are more confident of receiving the same interest from our bonds and slightly higher interests from our CPF accounts because of the compounding effect.

30yo, public sector scholar, annual salary $240,000