Middle class Singaporean no more.....Sigh

[sadfa]

Ya. Assuming 10k, its 1.8 million
Assuming half, its 900k

thats even more than striking lottery which is like 600 - 700k

[topcook1]

Originally Posted by nickbaston

my friend 49. died in his sleep. No any past illness. Very strong and stuff.

That is life man. His brother no money and still have to prepare his funeral.

We all chip in to settle his last journey. This is life.

Thats good way of dying too...I also hope will die in my sleep too no need to struggle and have suffering....

[MoJoe313]

Originally Posted by ludwig19

Haha bro, if you consider yourself middle class, then i'm fucked!
15 years reserve?? Lets see...assuming (just assuming, as you have mentioned that your household per mth is more than 10k) that you're getting a very conservative 4k/mth, thats 48k/year. 15 years reserve will be $720,000.00. IN CASH. Now how many of us bros in here honestly even have half that amount??
If thats middle income, then i have just been demoted to the low income group.

If you were following this thread, one bro here has $700K in FD. Another has >$2m. Is it uncommon? No. It really depends on your age. If you are in your 20s, don't expect this. These bros are >40 y.o. and hence advanced in their careers/savings. Are they rich? I don't think so. I know many with $5-10m. Are they rich? They openly confess to me they are not.

There are many paid employees who do $500k to $3m a year. Are they rich? Maybe. I tell you who I think is rich. The business owners who own assets. I once paid rent to a landlord who had to flip an exercise book to locate my commercial property. I was located on his 40+ page. That's how many commercial properties that family owned.

So if you are think you last it out in this cost game. Feel free to. Another cycle of better off immigrants will eclipse you when you are done eclipsing some now. Don't wait till 50+ then ask serious questions.

[MoJoe313]

Originally Posted by topcook1

Thats good way of dying too...I also hope will die in my sleep too no need to struggle and have suffering....

I rather complain first. Someone said we are Champion Grumblers. So be it.

[numberseven]

Originally Posted by MoJoe313

Help me out bro. I am really trying hard not to be stubborn or to sound proud. Why is it almost everyone assumes it is a situation where "I am managing things poorly"?

If you must know, I have a cash reserve of 15 years. Cold hard cash in the bank. Not unliquidated assets, which is separate. I can go 15 years without income and still carry on this lifestyle. That's alot of zeros. I am not mis-managing. Nor boasting. Just alluding to the point that cost of living is rising very fast. Is it very hard to understand?

cash reserve of 15 years still say so much, then most of sg people how?

if really cannot maintain, downgrade abit of your current lifestyle la.

[topcook1]

Originally Posted by MoJoe313

If you were following this thread, one bro here has $700K in FD. Another has >$2m. Is it uncommon? No. It really depends on your age. If you are in your 20s, don't expect this. These bros are >40 y.o. and hence advanced in their careers/savings. Are they rich? I don't think so. I know many with $5-10m. Are they rich? They openly confess to me they are not.

There are many paid employees who do $500k to $3m a year. Are they rich? Maybe. I tell you who I think is rich. The business owners who own assets. I once paid rent to a landlord who had to flip an exercise book to locate my commercial property. I was located on his 40+ page. That's how many commercial properties that family owned.

So if you are think you last it out in this cost game. Feel free to. Another cycle of better off immigrants will eclipse you when you are done eclipsing some now. Don't wait till 50+ then ask serious questions.

What I had observe is that lots of young family are struggling ....High commitments etc....Seriously to save is not easy . I had know lots of people have a combine income of more than 10k and yet bank savings is zero.......

[kuasimi]

Originally Posted by godsfury

How easy it is to just blame everyone or the gahment for how tough our life is. Do open your eyes to look at other countries to see how lucky we are. Don't compare. Be happy.

How much is enough in life? What are u after? The pleasures in life or more?

PAP IBs are real hypocrites. If you do well, it is PAP's credit, not your own effort. If you do badly, it is your own fault, nothing to do with PAP policies.

Why PAP like to compare their pay with top private sector pay rather than other developed nations politicians pay?

Why PAP's appraisal is every 5 years instead of every year?

Why PAP Ministers said need good elections mandate before reducing cost of living? This means PAP can reduce cost of living but want to hold citizens to ransom.

Ask PAP MPs to stop whining about their pay too.

[MoJoe313]

Originally Posted by topcook1

What I had observe is that lots of young family are struggling ....High commitments etc....Seriously to save is not easy . I had know lots of people have a combine income of more than 10k and yet bank savings is zero.......

Bro, ya. It took me 14 pages to explain what you said.

[ludwig19]

well lets see...hands up anyone in here who can go 15 years without working while still able to maintain current lifestyle. wanna see if its really that common.

[kuasimi]

Originally Posted by topcook1

What I had observe is that lots of young family are struggling ....High commitments etc....Seriously to save is not easy . I had know lots of people have a combine income of more than 10k and yet bank savings is zero.......

Experts had already said these commitments are the same as any other developed nations. The entire world had improved materially, not just Singapore have smartphones, iPads and cars. PAP IBs will say to have gadgets is PAP's credit.

But experts admitted cars, housing, education, transport, health, medical etc are especially expensive in Singapore. Even Hollywood celebrities were shocked how expensive a car in Singapore can be.

[kuasimi]

[TRUTH REVEALED] Official Figures Revealed 7.4% SINGAPOREAN GRADUATES Under 30 Are UNEMPLOYED!!!!!



http://forums.$$$$$$$$$$$$.com.sg/ea...d-4867601.html

[kuasimi]

[kuasimi]

[kuasimi]

[kuasimi]