*Official* MasterLeong Thread

[MasterLeong]

Starting pay for uni grad was 3.5k during my times. Tiagong can reach 8k after 7~8 years.

How's the prospect nowadays?

depends on what industry you work in

dont think about how much u earn in the future

just keep saving and investing, try to save 20-50% of your monthly income if possible and your portfolio will grow fast


some people earn 10k but spend 12k also gg

 

[akwl88]

i used to be a policeman for 6 years. Many peers who left couldnt get the salary they are getting back then until now.

many regretted leaving the SPF. IRON RICE BOWL!!!!!

chiu is inspector rank?

how much ur salary?

 

[MasterLeong]

I will not encourage saving up in multi currencies

every-time you convert the money to another currency you lose maybe 0.1% to 2.5% of the total sum... which is a very bad move honestly

the one that huat is your money changer

 

[Takodoro]

Yes, no need to guess. I always spend less than I bring overseas. Now accumulated too much HKD, AUD, GBP.

On another note, some like HKD and AUD is due to the fact that I go casino and win a sum so well. Don't follow me to casino hor.

Same as me

I got CHF/EURO from my honeymoon till now, HKD/USD/IDR from my biz trip, MYD/IDR/THD/AUD from holidays.....

Think all add-up should chao chao at least 3k.

 

[akwl88]

Yes, no need to guess. I always spend less than I bring overseas. Now accumulated too much HKD, AUD, GBP.

On another note, some like HKD and AUD is due to the fact that I go casino and win a sum so well. Don't follow me to casino hor.

gg casino nao!!!!

 

[Perisher]

Hmm.. that's an interesting EF idea to share.
But for me, I doubt I can take MYR as back-up emergency fund currency, though my family is in KL.

yah, did not plan for this but it happens and might be a good idea since emergency fund might mean SG is in trouble.

 

[Perisher]

Same as me

I got CHF/EURO from my honeymoon till now, HKD/USD/IDR from my biz trip, MYD/IDR/THD/AUD from holidays.....

Think all add-up should chao chao at least 3k.

Mine is more than that but still not 5k in any currency lah.

 

[MasterLeong]

emergency fund is mainly used to fund your LIVING EXPENSES when you become jobless all of the sudden

if your expenses is 2k a month, a 6 month emergency fund should be 12k

and it should 100% be in SGD

because when your are jobless, you will need SGD to pay off your bills/food etc

no point your put your EF into other currencies

that's my view


I would say, just keep it simple

 

[EvilPaladin]

today market red red

anyone waiting to board reits and telcos? lol

u holding how much % in cash and how much % in stocks?

roughly 45% cash and 55% in stocks

 

[lewissac]

Starting pay for uni grad was 3.5k during my times. Tiagong can reach 8k after 7~8 years.

How's the prospect nowadays?

Back in 2006 when I was a technician @ only 1.6k salary. Some local grads from NUS also applying for the same position requesting 2.4-2.5k as starting pay.

Then by 2011-2012, NUS grad applying technician getting roughly 2k starting pay, but requesting roughly 3-3.5k.

Now I feel the changes is pretty significant but not sky-rocketed.

 

[akwl88]

emergency fund is mainly used to fund your LIVING EXPENSES when you become jobless all of the sudden

if your expenses is 2k a month, a 6 month emergency fund should be 12k

and it should 100% be in SGD

because when your are jobless, you will need SGD to pay off your bills/food etc

no point your put your EF into other currencies

that's my view


I would say, just keep it simple

if expenses is 300 a month only, only need 1.8k for EF

dont quote me

kekeke

 

[Sinkie]

Do you have a savings a/c in a different currency? Mind sharing how you do it? Tks.

I have more than $100,000 sgd in yuan in a bank account in china and WeChat lol

 

[MasterLeong]

roughly 45% cash and 55% in stocks

I feel maybe u holding too much cash

can consider try to stay 70-80% vested, balance into warchest

 

[MasterLeong]

Back in 2006 when I was a technician @ only 1.6k salary. Some local grads from NUS also applying for the same position requesting 2.4-2.5k as starting pay.

Then by 2011-2012, NUS grad applying technician getting roughly 2k starting pay, but requesting roughly 3-3.5k.

Now I feel the changes is pretty significant but not sky-rocketed.

10 years ago chicken rice $2, now $3 liao

power of inflation lol

 

[Perisher]

emergency fund is mainly used to fund your LIVING EXPENSES when you become jobless all of the sudden

if your expenses is 2k a month, a 6 month emergency fund should be 12k

and it should 100% be in SGD

because when your are jobless, you will need SGD to pay off your bills/food etc

no point your put your EF into other currencies

that's my view


I would say, just keep it simple

Ya, mainly SGD would be better. Mine is just circumstances.

 

[MasterLeong]

I have more than $100,000 sgd in yuan in a bank account in china and WeChat lol

u keep china cheekon is it LOL

 

[mcsane]

Starting pay for uni grad was 3.5k during my times. Tiagong can reach 8k after 7~8 years.

How's the prospect nowadays?

i was a poly grad, i left with $3k+ mthly gross.

there's a difference between choosing to leave to be better vs forced to leave due to bad grading performance. The former are usually doing pretty well now.


my peers are taking home 70k to 80k p.A now?

there is still medical leave, additional moentary benefits, some long-term retirement benefits, etc. if really count in intrinsic, can add another 10k into it.

No offence but, iron rice bowl, no stress, no nth. only usual auntie/uncle office politics

 

[spiritGate]

300 not enough la hahaha. Even in recession also must eat good because if you eat Maggie Mee 24/7, later get sick then gg Liao. Expenses even more

if expenses is 300 a month only, only need 1.8k for EF

dont quote me

kekeke

 

[mcsane]

300 not enough la hahaha. Even in recession also must eat good because if you eat Maggie Mee 24/7, later get sick then gg Liao. Expenses even more

LOL hes stirring as usual LOL. but funny i rike

 

[Sinkie]

u keep china cheekon is it LOL

Nolah, I want to buy a land here and retire in china one day or else wait for $4.50 then transfer back lol.

I still have yen, pound and usd in my dbs mca too

Just don't like to have many sgd around, very tempted to use it buy shares haha