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

[cyke69sg]

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

No denying that of course. Got to get there somehow. Someway

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

Well can start small.

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

Ask bro @dereth he is a legend. He turned tens of thousands invested in the company he works for into millions. That's truly the legendary way.

We talk about working to make only $50k pm $60k pm $80k pm is nothing compared to the legends who know how to get rich. They make hundreds of thousands a day! And passively!

 

[tidiii]

Ask bro @dereth he is a legend. He turned tens of thousands invested in the company he works for into millions. That's truly the legendary way.

We talk about working to make only $50k pm $60k pm $80k pm is nothing compared to the legends who know how to get rich. They make hundreds of thousands a day! And passively!

well i was talking about working a job, not investing

 

[cyke69sg]

well i was talking about working a job, not investing

Yeah I know what you mean.

I am increasingly finding myself shifting to investing rather than working. Especially when it comes to advice for my kids.

As you said it is very uncommon to have high income paying work. Need to do stuff that is uncommon

But investing anyone can start.

My purpose now is to keep amassing my high active earnings to build the investments for my kids as generational wealth.

When the time comes that I reach levels like @dereth in passive daily earnings I can justify that earning $50-100k pm is no longer relevant.

 

[tidiii]

Yeah I know what you mean.

I am increasingly finding myself shifting to investing rather than working. Especially when it comes to advice for my kids.

As you said it is very uncommon to have high income paying work. Need to do stuff that is uncommon

But investing anyone can start.

My purpose now is to keep amassing my high active earnings to build the investments for my kids as generational wealth.

When the time comes that I reach levels like @dereth in passive daily earnings I can justify that earning $50-100k pm is no longer relevant.

how much do u even need to get 50k pm from investing and how do u even get that money without working

unless youre doing big trades constantly which is risky, if doing safe trades you'd still need an extremely large amount

 

[RandomPancake]

What industry/field are you in?

IT, struggling to even find job change, don’t think I can secure any deal for free lance

 

[cyke69sg]

how much do u even need to get 50k pm from investing and how do u even get that money without working

unless youre doing big trades constantly which is risky, if doing safe trades you'd still need an extremely large amount

Yes need very large capital. Unless also got hit big with growth stocks.
At the rate the market is expanding big growth is not unusual anymore. That's the exciting part. (I was gonna say scary but physiologically our body doesn't differentiat between feeling excited or scared. Psychologically yes. So I tend to push myself to think exciting than scared. Positive vs negative)

So put some into growth. Put some into income strategies. Diversify.

But good to have high paying work.

 

[cyke69sg]

IT, struggling to even find job change, don’t think I can secure any deal for free lance

Problem with IT field is there is no barrier to entry. No regulatory body.

So to differentiate I think need to have the extraordinary skills or products developed. Or services.

Tough.

 

[cyke69sg]

IT, struggling to even find job change, don’t think I can secure any deal for free lance

If you are in IT, best is to invest and focus more on learning about investing and financial markets than working.

bro @dereth was in IT and he is now a multi millionaire and one of the richest in EDMW. Friday AVGO went up over 12% at one stage. He made close to $1m just on Friday alone!

That's the way to do it. I would gladly exchange my work and income for his position.

 

[RandomPancake]

If you are in IT, best is to invest and focus more on learning about investing and financial markets than working.

bro @dereth was in IT and he is now a multi millionaire and one of the richest in EDMW. Friday AVGO went up over 12% at one stage. He made close to $1m just on Friday alone!

That's the way to do it. I would gladly exchange my work and income for his position.

Trying hard to find the next Nvidia and avgo

 

[cyke69sg]

Trying hard to find the next Nvidia and avgo

What company do you work for currently?

Are they a well run company? CEO prioritizes profits over welfare of staff well being salaries and bonuses?

Into chip making? Software with AI? Robotics?

If so might as well invest in the company you work for. That is "insider knowledge".

That's how bro @dereth did it.

 

[homer123]

well i was talking about working a job, not investing

Investing is also a job.. I go to office not doing my work but check my portfolio first , tally my dividend , read financial news and decide what stocks to buy and sell. It is a daily routine

 

[cyke69sg]

Investing is also a job.. I go to office not doing my work but check my portfolio first , tally my dividend , read financial news and decide what stocks to buy and sell. It is a daily routine

You best. Get paid to invest your own money. And then still get the money from the investments.
Another person I envy very much. Although I dunno exactly how much you making.

 

[hardwriter]

In MNC, generally those who earn 30k, 40k per month are the C levels.

Most of them all have one kind of pattern. High IQ, High EQ.

If a person are lacking of either one of these, then that person will never get there.

of course I've seen a very cocky C level guy but he has extremely high IQ. probably scholar kind in school, got a good starting job, play the tripod game and bunk knife people to get to where he was. Of course, he is not going to share with me how he did it.

If you move over to the other side, the rich old towkays, they worked extremely hard to build their business. These people, most of them have high EQ and many of their success are built on relationships.

I seldom heard of younger entrepreneurs (20s or 30s) making it big, less those influencers (meaning: exclude influencers from the younger entrepreneurs that I am talking about.). Not because they are no good but the current SG climate very difficult for start-ups to survive.

Lol. Influencers easily make more money than most C suite people...

The keyword here is "easily"

 

[hardwriter]

You best. Get paid to invest your own money. And then still get the money from the investments.
Another person I envy very much. Although I dunno exactly how much you making.

But actually what I can say is that realistically most Singaporeans I know are not making money off their investment portfolio.

I have not even met the rare few who can make money off full day trading and collecting substantial dividends kind...

Those that I know? Pragmatically? The full time job provided by the PAP builds their wealth.

Their portfolios all lost a lot of money or still losing money...

Not surprising since we see news those medical doctors, C suite people are all scams of Singapore ponzi schemes.

But hardly anyone admits this or faces reality.

 

[arsenalfc85]

What company do you work for currently?

Are they a well run company? CEO prioritizes profits over welfare of staff well being salaries and bonuses?

Into chip making? Software with AI? Robotics?

If so might as well invest in the company you work for. That is "insider knowledge".

That's how bro @dereth did it.

need to work for the right company lor

if ure not working in the next big thing company, also hard to invest in the right company

if bro dereth wasn't working for broadcom, would he have put in so much money into avgo n hold for so long? im not sure...this one gotta ask him

sometimes 天时地利人和 and ba zi very important n underrated

 

[RandomPancake]

What company do you work for currently?

Are they a well run company? CEO prioritizes profits over welfare of staff well being salaries and bonuses?

Into chip making? Software with AI? Robotics?

If so might as well invest in the company you work for. That is "insider knowledge".

That's how bro @dereth did it.

Not everyone work in the right company like him also la

 

[Lifeinmotion]

Problem with IT field is there is no barrier to entry. No regulatory body.

So to differentiate I think need to have the extraordinary skills or products developed. Or services.

Tough.

Why do you say there's no barrier to entry ?
Even a support desk specialist need IITL certs.

Same for many IT functions. Just look at the requirements for AWS cloud to cloud computing to data analytics. Like many other jobs they require at least some domain or trained knowledge.

 

[cyke69sg]

But actually what I can say is that realistically most Singaporeans I know are not making money off their investment portfolio.

Really? Hmmm
@homer123 this is contrary to what you have been seeing online

I have not even met the rare few who can make money off full day trading and collecting substantial dividends kind...

really? @AuraKUPO bro you are rare
@dereth bro you are LEGENDARY!

Those that I know? Pragmatically? The full time job provided by the PAP builds their wealth.

Their portfolios all lost a lot of money or still losing money...

Not surprising since we see news those medical doctors, C suite people are all scams of Singapore ponzi schemes.

What you mean by that? How does the ponzi scheme work?

But hardly anyone admits this or faces reality.

 

[cyke69sg]

Why do you say there's no barrier to entry ?
Even a support desk specialist need IITL certs.

Same for many IT functions. Just look at the requirements for AWS cloud to cloud computing to data analytics. Like many other jobs they require at least some domain or trained knowledge.

Then they should be able to command a higher pay package if the barrier to entry is high.

Maybe look into sub specialization in niche fields?

 

[Lifeinmotion]

Then they should be able to command a higher pay package if the barrier to entry is high.

Maybe look into sub specialization in niche fields?

I think you are saying something else now. You mentioned previously there is no barrier of entry for IT which is not.

Like all jobs there are different skill level and depending on economy cycle and sector. They command differently in terms of salary.