How much is your annual passive income? - Page 11 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How much is your annual passive income?

Reply
 
Thread Tools
  #101 (permalink)  
Old 04-04-2017, 09:25 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
so many rich ppl in sg. my passive income only 5k a year after working 3 years.
Don't dispair

You still can work for 27 years in your career

Reply With Quote
  #102 (permalink)  
Old 04-04-2017, 09:38 PM
Unregistered
Guest
 
Posts: n/a
Default

30 yo

Dividend stocks: 2k pm
Rental of condo unit: 4k pm
Cpf interest: 11k pa
Bonds: 1k pm
Fd + high interest savings account: 1k pm

Reply With Quote
  #103 (permalink)  
Old 06-04-2017, 08:31 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
30 yo

Dividend stocks: 2k pm
Rental of condo unit: 4k pm
Cpf interest: 11k pa
Bonds: 1k pm
Fd + high interest savings account: 1k pm
well done. you are on track to early retirement.

Reply With Quote
  #104 (permalink)  
Old 06-04-2017, 05:49 PM
Super Member
 
Join Date: Aug 2010
Posts: 330
lazyplane is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
well done. you are on track to early retirement.
Wa .. 9k passive income from 30 yr old still cannot retire... A quick calculation of his networth is

1.CPF - Approx 300k (dunno know how he get there so fast but guess everything is possible)
2. FD - Approx 400 k to 1 m depending on his spread
3. Bond - Also approx 400k-1 m depending on his spread
4. Dividend from stock - [300k to 800k]
5. Property [Value of property likely around 1m but dont know debt size].

Networth : 1.6m - 4m ...

Still cannot retire at 30...
sigh
Reply With Quote
  #105 (permalink)  
Old 07-04-2017, 07:55 AM
Unregistered
Guest
 
Posts: n/a
Default Income Tax

Its income tax filing season again.

Here's the combined income tax we had to pay for the last 5 years

2013 - $29,000
2014 - $33,000
2015 - $35,000
2016 - $37,000
This year, we will have to pay $41,000. The increase comes about as we can no longer claim relief for our children as they are working now.

Each time when we see the tax we have to pay we cringed. Thats where a chunk of our passive income goes. Sigh.
Reply With Quote
  #106 (permalink)  
Old 07-04-2017, 07:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Its income tax filing season again.

Here's the combined income tax we had to pay for the last 5 years

2013 - $29,000
2014 - $33,000
2015 - $35,000
2016 - $37,000
This year, we will have to pay $41,000. The increase comes about as we can no longer claim relief for our children as they are working now.

Each time when we see the tax we have to pay we cringed. Thats where a chunk of our passive income goes. Sigh.
thank you for contributing to nation building
Reply With Quote

  #107 (permalink)  
Old 08-04-2017, 10:44 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Its income tax filing season again.

Here's the combined income tax we had to pay for the last 5 years

2013 - $29,000
2014 - $33,000
2015 - $35,000
2016 - $37,000
This year, we will have to pay $41,000. The increase comes about as we can no longer claim relief for our children as they are working now.

Each time when we see the tax we have to pay we cringed. Thats where a chunk of our passive income goes. Sigh.
That's very low already, at least Sg don't charge capital tax. If like other countries charging gains tax, I would be paying close to $1 million everytime I make a successful investment.
Reply With Quote
  #108 (permalink)  
Old 09-04-2017, 03:55 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
That's very low already, at least Sg don't charge capital tax. If like other countries charging gains tax, I would be paying close to $1 million everytime I make a successful investment.
wow.... you are really successful.

the income tax that you pay is equivalent to the annual salary of average singaporean.
Reply With Quote
  #109 (permalink)  
Old 09-04-2017, 11:34 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
wow.... you are really successful.

the income tax that you pay is equivalent to the annual salary of average singaporean.
39 yr old
my income tax is around $1200
I am a regular employee

can you guys give tips on how to start building passive income? I don't want to spend money taking courses or asking bank staff for these details. Bank staff just tell us what is the best deal for them. They are not customer oriented and they fool us into taking something that is not worth for us.
Reply With Quote
  #110 (permalink)  
Old 11-04-2017, 07:11 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
39 yr old
my income tax is around $1200
I am a regular employee

can you guys give tips on how to start building passive income? I don't want to spend money taking courses or asking bank staff for these details. Bank staff just tell us what is the best deal for them. They are not customer oriented and they fool us into taking something that is not worth for us.
1. Pump 7K into cpf SA every year
2. If possible, top up SA till it hits ERS
3. Sit back and enjoy the compounding at Super Low risk levels
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Compare Your Annual Income 2015 admin Income and Jobs 7 03-11-2016 12:42 AM
Passive Income - Unstoppable Success kelvin2396 Marketplace and Find Work 0 19-08-2015 06:02 PM
Passive Income Salary.sg Income and Jobs 44 09-07-2014 11:32 PM
Active Income vs Passive Income admin Income and Jobs 1 12-05-2014 02:58 PM
Opportunity to earn monthly passive income! wimblix Marketplace and Find Work 0 21-05-2013 11:34 AM

» 30 Recent Threads
All about Home Affairs Senior... ( 1 2 3... Last Page)
162 Replies, 165,372 Views
Compare civil service salary ( 1 2 3... Last Page)
9,173 Replies, 5,294,989 Views
SPF (Direct-Entry Inspector) ( 1 2)
12 Replies, 2,051 Views
Lawyer Salary ( 1 2 3... Last Page)
5,013 Replies, 2,194,556 Views
Career as Teacher ( 1 2 3... Last Page)
2,438 Replies, 1,488,837 Views
Big 4 firm rescind offers ( 1 2 3... Last Page)
56 Replies, 14,381 Views
Please advise on my career path... ( 1 2)
15 Replies, 12,016 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,713 Replies, 1,016,582 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,082 Replies, 845,907 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
52 Replies, 8,088 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,847 Replies, 870,701 Views
What are your Job benefits ( 1 2)
15 Replies, 7,154 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,582 Replies, 1,229,242 Views
Casino Regulatory Authority
1 Replies, 4,381 Views
Relocating to Singapore, is... ( 1 2 3)
28 Replies, 29,356 Views
Summer Internships 2020 ( 1 2 3... Last Page)
39 Replies, 1,960 Views
Job offer from Apple ( 1 2 3... Last Page)
428 Replies, 72,564 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
879 Replies, 718,281 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
123 Replies, 95,765 Views
Life as a ICA Senior Officer ( 1 2 3... Last Page)
104 Replies, 121,615 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,977 Replies, 1,802,982 Views
Chevron COBRA assesment, please... ( 1 2)
18 Replies, 48,970 Views
Marsh Graduate Development Program ( 1 2)
15 Replies, 1,380 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,867 Replies, 3,649,672 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
251 Replies, 76,134 Views
Constituency Manager (People... ( 1 2 3... Last Page)
854 Replies, 430,148 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
40 Replies, 4,599 Views
Job Application with MOE... ( 1 2 3... Last Page)
203 Replies, 197,509 Views
What course should I undertake?
8 Replies, 3,195 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:14 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2