Salary.sg Forums - Reply to Topic
Salary.sg Forums  

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

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




Salary.sg Forums

Thread: Networth Benchmarking Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
03-12-2009 01:47 AM
momojojo
Quote:
Originally Posted by TryingToMakeIt View Post
I am curious as to where my networth stands in comparison to others in my age group with similar eduation level.
I think you're doing very well! I am 24 too, but I'm still stuck in a local university doing a bachelors in engineering (hons), and i doubt the future seems bright for a person with a degree in mechanical engineering.
06-11-2009 01:02 AM
Unregistered
N.Y moussins

$4.5K at 24yrs old? It is very GOOD as compared to me when i was your age during my time.

I started in 1997 - Asian financial crisis.
Graduated with a IT degree from australia, but only managed to find a job that pays $2,000.
After 1 yr, job hopped to another job that pays $2.5k
After 1 yr, got promoted and got $3.1k
Around 1997+5yrs = 2002, I job hop again and landed with $3.7k
then in 2006, I got pay increment and had $4.5k.

So it took me 10yrs to get $4.5k !

Most of my peers who started around 1997 seems to have salaries that lagged alot compared to others who started later.

Conclusion drawn is if you are not the outstanding type (like me), your 1ST PAY is very important in negotiation for future pay increment! (You can see mine pay increment hovers around 15-20% most times)

So, I think for your case, it is safe to say you will definitely earn at least $8-9k after 10yrs!
02-11-2009 06:07 PM
Unregistered
Quote:
Originally Posted by TryingToMakeIt View Post
Hi, just doing this out of curiosity and perhaps it may inspire or motivate myself and other readers as well. I am curious as to where my networth stands in comparison to others in my age group with similar eduation level. So here's my info:

- 24 years old, bachelor degree in banking and finance from overseas university.
- been working for around 2 years, with total net worth of around 38k SGD (all in cash). I am not PR or SIngaporean, so no CPF.
- currently working at a foreign bank earning around $4.5k (take home) per month .

Where do you think I stand in terms of net worth and salary? low, mid, high?
Any suggestions or tips from the experts out there on investing and saving?
You're doing fine. Your networth will go up over the years. You should job hop every 2 years or so and settle down with the best job possible in your early- to mid-thirties.

To save more, live slightly below your means - observe how your peers spend their money and try spending less than them without mistreating yourself.

To invest well, be a contrarian - buy when market is in the doldrums, sell when you think there's euphoria (easier said than done).
02-11-2009 05:32 PM
TryingToMakeIt
Networth Benchmarking

Hi, just doing this out of curiosity and perhaps it may inspire or motivate myself and other readers as well. I am curious as to where my networth stands in comparison to others in my age group with similar eduation level. So here's my info:

- 24 years old, bachelor degree in banking and finance from overseas university.
- been working for around 2 years, with total net worth of around 38k SGD (all in cash). I am not PR or SIngaporean, so no CPF.
- currently working at a foreign bank earning around $4.5k (take home) per month .

Where do you think I stand in terms of net worth and salary? low, mid, high?
Any suggestions or tips from the experts out there on investing and saving?

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




All times are GMT +8. The time now is 10:16 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2