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10k, 20k, not everyone is that fortunate to be making that kind of money.
Given the opportunity, who doesn't want to earn more ?
I think i must be one of the lower earners compared to those in the thread.
I'm in my mid 30s and i'm bringing home a bit shy of 5k. Started work since i'm 22.
My wife is a little more fortunate, she's in the low 7k range.
So i guess my family combined income is barely what some bros here make in a month haha.
Anyway, high income or not, i think it really depends on the perspective you take and your relationship with money.
We have 2 kids. The only debt we have is the 20 year mortgage on the house. We are comfortable, we travel, we eat, we have fun, we are properly insured. There's money in the CPF.
At the end of the month, we can still put aside a bit of money as savings and for investment. Not a lot, probably a few hundred dollars here and there.
I envy the high income earners not for the money they earn from their jobs, but for their ability to put aside a lot more for wealth building and retirement compared to average folks like me.
We do what we can, with what little we can, but it's still better than not doing anything.
Cost are high in SG on a lot of things and for sandwiched groups with retired parents, and young kids, it's even harder.
I honestly think i'm quite a high income earner. hahaha. Not trolling but with my shitty education qualifications, the people i mix with when i'm younger, and the kind of work i currently do, i think i can't complain.
I can only blame myself for not having an affinity with books when i'm younger. Now old already, want to learn, already too late. If i get a chance to go back my secondary school, i will 'throw shit on wall'
From what I read, passive income apart from your salary is very important. Been trying to build that part of my income but haven't been successful.. my divided portfolio all cut dividends, share price drop, salary also never increase that much 😂
But from experience, jump company is the fastest way to get a pay hike, but downside is you start all over again, learning new processes and meeting new people. Running your own business also comes with a lot of risk, hardwork and dedication (hats off to bros here who managed to kickoff your own businesses). I've friends on both spectrum, those who are doing really really well, and those who are living day by day, don't know whether their business will fail or not etc.
Never had the balls to go out and venture into my own business, so got myself to blame on that.
From what I read, passive income apart from your salary is very important. Been trying to build that part of my income but haven't been successful.. my divided portfolio all cut dividends, share price drop, salary also never increase that much
But from experience, jump company is the fastest way to get a pay hike, but downside is you start all over again, learning new processes and meeting new people. Running your own business also comes with a lot of risk, hardwork and dedication (hats off to bros here who managed to kickoff your own businesses). I've friends on both spectrum, those who are doing really really well, and those who are living day by day, don't know whether their business will fail or not etc.
Never had the balls to go out and venture into my own business, so got myself to blame on that.
when u invest, ensure a margin of safety. businesses with an economic moat can have a higher margin of safety
for reits: lower price to book, lower debt ratio, tenant diversification, geographical diversification, increasing dpu (or at least stable dpu), high occupancy rates, and a imba sponsor (in local context)
for blue chips: low debt ratio, geographical diversification, reasonable payout ratio (they dont borrow to pay dividends), revenue/profits not decreasing (at least stable), some defensive elements (telcos, utilities, transport)
when u receive the dividends, u can choose to plough it back in. otherwise, it can supplement your daily expenses or cheonging
must do your homework before u decide to invest, do your own due diligence DYODD
when u invest, ensure a margin of safety. businesses with an economic moat can have a higher margin of safety
for reits: lower price to book, lower debt ratio, tenant diversification, geographical diversification, increasing dpu (or at least stable dpu), high occupancy rates, and a imba sponsor (in local context)
for blue chips: low debt ratio, geographical diversification, reasonable payout ratio (they dont borrow to pay dividends), revenue/profits not decreasing (at least stable), some defensive elements (telcos, utilities, transport)
when u receive the dividends, u can choose to plough it back in. otherwise, it can supplement your daily expenses or cheonging
must do your homework before u decide to invest, do your own due diligence DYODD
In my humblest of humble opinion. Hard to rely on jobs if you want to make good money la... unless you doctor, lawyer or someone with a high cash trajectory profession. In singapore market ultra conservative.
You gotta come out and venture.
I pay myself $15k to $25k a month, and usually give myself 6 digit bonus a year. But I self employed..
After reading a lot blogs and extensive research i suggest you to join JAV industry. They need men for their porn videos. On average, every JAV actor earns 20000$ per month.
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Nobel Laureate at University of Anal and Deep Penetration.
In my humblest of humble opinion. Hard to rely on jobs if you want to make good money la... unless you doctor, lawyer or someone with a high cash trajectory profession. In singapore market ultra conservative.
You gotta come out and venture.
I pay myself $15k to $25k a month, and usually give myself 6 digit bonus a year. But I self employed..
I mid 30s.
Maybe we can all meet to network :P
Carry the balls of those White lightning will get high pay too