Who Here Is Earning $50K/Month or More? Let’s Talk Strateg

[cyke69sg]

This is the effect that makes the rich richer and the entire bell curve disadvantaged for the lower rungs.

You are correct. If you can't beat em then join em.

Nothing wrong from an individual's perspective. But we do need ppl at the top who think for the betterment of the less-abled, and make productivity vs rewards more reasonable for the society. Rich liao, pls contribute, tks.

Actually in history there has already been these ideologies.

Communism. But it failed.

Capitalism prevails.

I would say that Capitalism has moved so far on that the financial markets and system is what is driving all wealth nowadays.

So if want to curb? Then need to curb financial markets.
Also high taxation.

However if Singapore embarks on either of these or worse both of these then Singapore is as good as finished.

So be careful what you wish for.

 

[cyke69sg]

31 Aug. End of the month?

How did everyone fare with their earnings?

Care to share tips how to make more income?

 

[asmartng]

high income earners will not tell us how they make $50 K and more per month

 

[cyke69sg]

high income earners will not tell us how they make $50 K and more per month

No one seems to have asked though.

 

[cyke69sg]

I have found that having multiple streams of active income is a good way to increase income.

Strangely having this has allowed me to make even more money and working less.

 

[homer123]

31 Aug. End of the month?

How did everyone fare with their earnings?

Care to share tips how to make more income?

I just did my financial for Aug ..another ath for portfolio and networth

 

[cyke69sg]

I just did my financial for Aug ..another ath for portfolio and networth

how much did your Portfolio and netwrotth increase by YoY?

 

[cyke69sg]

Moi salary been stagnant at $20k/mth since Jan 1, 2022

Do you have any passive income?
I am trying to see if there will one day come a time my passive income grows faster and beyond my active income.

 

[cyke69sg]

@dereth bro how you feeling? This month already made equivalent to $50k pm for 12 months! Tax free some more!

 

[tidiii]

@carey @MoeLanYong @Bumperbee88
Is the data from this article correct?

https://vulcanpost.com/893461/salaries-in-singapore-mom-data-570-professions/

its completely rubbish

u can go MCF and beo yourself

the salary range vary widely from junior to senior but they are all combined into 1 title

 

[cyke69sg]

its completely rubbish

u can go MCF and beo yourself

the salary range vary widely from junior to senior but they are all combined into 1 title

Yes anyone who is in the industry will know.

Wonder why they publish such useless data.

I still lthink it is to make people feel good about themselves in SG. Cos majority will earn more than the published numbers.

 

[tidiii]

Yes anyone who is in the industry will know.

Wonder why they publish such useless data.

I still lthink it is to make people feel good about themselves in SG. Cos majority will earn more than the published numbers.

survivorship bias

i think most earn lesser and wont even reach the numbers there unless somehow the role includes RSU which are never part of salary reports

 

[cyke69sg]

survivorship bias

i think most earn lesser and wont even reach the numbers there unless somehow the role includes RSU which are never part of salary reports

What is RSU?

So you think is the other way around. Where they publish the numbers to make people feel poor cos they earn less than the average? Makes no sense to me though.

 

[RandomPancake]

I have found that having multiple streams of active income is a good way to increase income.

Strangely having this has allowed me to make even more money and working less.

Any suggestion for active stream?

 

[cyke69sg]

Any suggestion for active stream?

What industry/field are you in?

 

[tidiii]

What is RSU?

So you think is the other way around. Where they publish the numbers to make people feel poor cos they earn less than the average? Makes no sense to me though.

stock

the numbers are all over the place
the whole article is BS

 

[cyke69sg]

stock

the numbers are all over the place
the whole article is BS

Do you earn more than $50k pm? 600k p.a?

Any strategies to share?

 

[tidiii]

Do you earn more than $50k pm? 600k p.a?

Any strategies to share?

like most have stated

there r very few jobs that pay more than 30k unless u hit executive level

gov alr put u as high income earner if u hit 190k

u earn 15k is alr considered top 10% of all singaporeans
with bonus some can hit 250-300k a year

the ways to hit anywhere near 50k has alr been talked to death in the past 20 pages

 

[tidiii]

If my parents had spent more time investing than working and saving they would also have let all of us FIRE way early too.

dunno how old u r, or how old your parents are

but for the majority of people who dont have a diamond spoon in their mouth when they born, education and getting a job is indeed the best way to up your status

similarly, u got nothing, what can u use to invest?

alot of ppl say bill gates built microsoft from his garage, but his mother is IBM director
ppl say he drop out, but he drop out from harvard

zuckerberg built facebook in his dorm, but his co founder who funded him before the VC came in is got trust fund

studying and getting a good job, is a pathway to success.

many professions in sg can get a fresh grad 7-9k, and the increment is significant as their career progress easily into 10-13k

this is when people have money to invest or speculate or build their biz if u dun have trust fund or parents like billie ellish, taylor swift, harry potter to push you

 

[cyke69sg]

like most have stated

there r very few jobs that pay more than 30k unless u hit executive level

C suite. Professionals. Business owners. Investors. Correct?

gov alr put u as high income earner if u hit 190k

u earn 15k is alr considered top 10% of all singaporeans
with bonus some can hit 250-300k a year

I think for SG top 10% is 360k a year.
For Canada is about $150k a year.

the ways to hit anywhere near 50k has alr been talked to death in the past 20 pages

No harm in sharing still cos every journey is slightly different.

Personally I do find that after reaching a certain target it becomes "normal" and then new higher targets are set.

For me $50k pm is a very comfortable base to work from considering it is only on a part time basis. And for Canada setting.

I have a feeling that $50k pm is not much in Singapore unfortunately.