Whats the bare minimum?
Imo 1m per yr upwards then considered rich. Thats like perm sec or general level salary.
If networth wise i think >5m considered rich bah
Well to do probably 250k upwards
Not sure considering even $1mil is so small nowadays but will probably do for a bbfa
Quote from: Arctic on Nov 25, 2024, 09:40 AMNot sure considering even $1mil is so small nowadays but will probably do for a bbfa
it's quite sad. people say wah, 1m u also say little. but if u talk to those educated ones, incl the aunties in my company who are like 70-ish
they also feel 1m is nothing and shit nowadays, looking at housing market, COE, costs of living and everything else, including medical costs, let's say starting a family and having just 1-2 kids
costs of necessities and those needs/wants like computer or mobile phones. well mobile phones can get $500 and below la
but PC/laptop all these really price/performance
even a can of paint is $100 or more. i rem last time is like $50-$60 only that was like maybe 10 yrs ago
1m networth is really nothing nowadays. 4 room flat at prime area (new BTO is about 500k)
resale is 350k for 50 yrs lease left (my place)
car last time 100k is + COE... now COE alone is around 100k. a normal bread and butter car.......... i think 150k in total
similanjiao?
fuck the PAP and somemore other stuff also ex including milk for kids... a lot of basic necessities
and they still bring in JHK/JHB
if you buy a 4 room, congrats, just house + reno alone probably 700k gone esp in prime areas. resale ones are 1m and above at boon keng/kallang/red hill, tanjong rhu etc
motherfucking PAPs
just house alone is 1m liao, how can 1m be considered as middle income. i think around 2m+ then consider mid income/networth
~5m in networth i think is a mid-high above avg income
if we were earning our parents' salaries we cant even live honestly. and the biggest joke is they didnt have degrees yet they have job security
earned much less yet housing is 100x more affordable, can afford to have kids, rest and buy stuff here and there and afford retirement
our generation dont need to think about the above.
HNI in Sg at $10M and that is the lowest rung.
As long as we are not using connection or biz to get property selling at S$88M, all are at poverty line below $10M.
Minimally 10 million SGD. 10 mio today is the equivalent to 1 mio in the 2000s. In another 10years time the minimum would be 100 mio.
Quote from: default on Nov 25, 2024, 10:55 AM~5m in networth i think is a mid-high above avg income
if we were earning our parents' salaries we cant even live honestly. and the biggest joke is they didnt have degrees yet they have job security
earned much less yet housing is 100x more affordable, can afford to have kids, rest and buy stuff here and there and afford retirement
our generation dont need to think about the above.
Fiat is inflationary and it erodes savings. Working in a 9-5 as a rank and file employee earning up to 5K is no different to low wage workers in the 60s/70s in terms of paygrade (taking inflation into account). Degree is the "new O levels certificate". :frown:
Quote from: Banned Users on Nov 25, 2024, 11:51 AMFiat is inflationary and it erodes savings. Working in a 9-5 as a rank and file employee earning up to 5K is no different to low wage workers in the 60s/70s in terms of paygrade (taking inflation into account). Degree is the "new O levels certificate". :frown:
HDB is the best way to enslave citizens. After buying hdb, I know many ppl become very guai, dun dare to talk bad about gov, dun dare to talk about politics etc. Everyday just go work and then go home. Diam diam
Some say they are enlightened that's why they diam diam hahah
Quote from: default on Nov 25, 2024, 10:44 AMit's quite sad. people say wah, 1m u also say little. but if u talk to those educated ones, incl the aunties in my company who are like 70-ish
they also feel 1m is nothing and shit nowadays, looking at housing market, COE, costs of living and everything else, including medical costs, let's say starting a family and having just 1-2 kids
costs of necessities and those needs/wants like computer or mobile phones. well mobile phones can get $500 and below la
but PC/laptop all these really price/performance
even a can of paint is $100 or more. i rem last time is like $50-$60 only that was like maybe 10 yrs ago
1m networth is really nothing nowadays. 4 room flat at prime area (new BTO is about 500k)
resale is 350k for 50 yrs lease left (my place)
car last time 100k is + COE... now COE alone is around 100k. a normal bread and butter car.......... i think 150k in total
similanjiao?
fuck the PAP and somemore other stuff also ex including milk for kids... a lot of basic necessities
and they still bring in JHK/JHB
if you buy a 4 room, congrats, just house + reno alone probably 700k gone esp in prime areas. resale ones are 1m and above at boon keng/kallang/red hill, tanjong rhu etc
motherfucking PAPs
just house alone is 1m liao, how can 1m be considered as middle income. i think around 2m+ then consider mid income/networth
The only thing I can add on is if you have children, pls save up for them. I know of many parents who already save up and/or bought houses for their childre, forget about your branded shit and hols. Mark lee is one gd example
Quote from: Arctic on Nov 25, 2024, 12:13 PMHDB is the best way to enslave citizens. After buying hdb, I know many ppl become very guai, dun dare to talk bad about gov, dun dare to talk about politics etc. Everyday just go work and then go home. Diam diam
Some say they are enlightened that's why they diam diam hahah
So true. Like kena gongtao suddenly and become fearful of govt because they took housing loan and need to repay asap.
Last time if u win 600k toto. Or 1m toto u are made it for life liao.
200k can get 4 room. 100k can get a merc with coe. Or less
Still got 300k more. Can all in buy a condo maybe with a bit more to pay. Say 200k loan which all of us can pay for with say 3+k pay.
If 1m means u probably have 200k left for holidays or savings.
Now 1m toto is a joke. If u get a 4 room resale hdb in prime area still need to top up.
This all happened under PAP in less than 30 years. Closer to 20.
So called improvement in standards of living.
Knnbccb lhl and pap.
U call this improvement? This is regression than anything
Last time that 600k or 1m u can immediately retire and pass on to your son or daughter or rly live it up like king now if ure in 50s and above now and not married.
Can rent out hdb or condo for like 3k onwards still got cpf.
The even earlier gen even better as long as work hard got pension. Private or public sector also can retire.
Everyday eng eng ceng ceng song. Those below 50s can go eat shit now.
Quote from: default on Nov 25, 2024, 01:55 PMLast time if u win 600k toto. Or 1m toto u are made it for life liao.
200k can get 4 room. 100k can get a merc with coe. Or less
Still got 300k more. Can all in buy a condo maybe with a bit more to pay. Say 200k loan which all of us can pay for with say 3+k pay.
If 1m means u probably have 200k left for holidays or savings.
Now 1m toto is a joke. If u get a 4 room resale hdb in prime area still need to top up.
This all happened under PAP in less than 30 years. Closer to 20.
So called improvement in standards of living.
Knnbccb lhl and pap.
U call this improvement? This is regression than anything
Last time that 600k or 1m u can immediately retire and pass on to your son or daughter or rly live it up like king now if ure in 50s and above now and not married.
Can rent out hdb or condo for like 3k onwards still got cpf.
The even earlier gen even better as long as work hard got pension. Private or public sector also can retire.
Everyday eng eng ceng ceng song. Those below 50s can go eat shit now.
Toto group 1 prize should always start at 2.5 mio. 1 mio is dogshit. Worst still if have to split prize until less than 100K per grp 1 winner.
Quote from: Banned Users on Nov 25, 2024, 09:37 PMToto group 1 prize should always start at 2.5 mio. 1 mio is dogshit. Worst still if have to split prize until less than 100K per grp 1 winner.
there are people who dont gamble and we all know it's almost close to impossible, bet more lose more
but even if u work averagely hard without luck. or even if u work hard......... well, ure never going to retire compared to our parents and grandparents
last time 3 rm flat cost 9.5k at my area. at that time my uncle probably was paid 500 per mth. that's like 20x
now same flat with less than 50 yrs lease cost about 400k. if u have a 4k salary it takes 100mths to pay off
how does that call raising standard of living? im damn surprised no one protested yet
unless you save like mad and not married have no kids. or if u marry, need to be before 35 and pray hope your kids do well in life and are filial
during our parents and grandparents time, married, no married, kids, no kids, filial, no filial
as long as u work hard u can still afford that shit.
worst case scenario u have 2 unfilial kids, u will probably still have some cash left if u worked quite hard and invested/saved well
probably 200k and with govt subsidies u can retire at maybe 65
i really dare not think what will happen to our gen when we retire in say 20 - 30 yrs time.
Quote from: Banned Users on Nov 25, 2024, 09:37 PMToto group 1 prize should always start at 2.5 mio. 1 mio is dogshit. Worst still if have to split prize until less than 100K per grp 1 winner.
the problem is not toto tbh.
the problem is PAP and COL and costs of houses esp
Quote from: default on Nov 25, 2024, 10:50 PMthe problem is not toto tbh.
the problem is PAP and COL and costs of houses esp
Yes the col here has gone out of control esp housing. Pap only know how to be monitor lizard. Monitoring like a cctv only. At least the toto prize back then gave punters some hope. Now the starting prize gives hardly any hope with the ever increasing col.
Quote from: default on Nov 25, 2024, 10:46 PMthere are people who dont gamble and we all know it's almost close to impossible, bet more lose more
but even if u work averagely hard without luck. or even if u work hard......... well, ure never going to retire compared to our parents and grandparents
last time 3 rm flat cost 9.5k at my area. at that time my uncle probably was paid 500 per mth. that's like 20x
now same flat with less than 50 yrs lease cost about 400k. if u have a 4k salary it takes 100mths to pay off
how does that call raising standard of living? im damn surprised no one protested yet
unless you save like mad and not married have no kids. or if u marry, need to be before 35 and pray hope your kids do well in life and are filial
during our parents and grandparents time, married, no married, kids, no kids, filial, no filial
as long as u work hard u can still afford that shit.
worst case scenario u have 2 unfilial kids, u will probably still have some cash left if u worked quite hard and invested/saved well
probably 200k and with govt subsidies u can retire at maybe 65
i really dare not think what will happen to our gen when we retire in say 20 - 30 yrs time.
Parents time buy flat: still can have substantial savings.
Younger generation buy flat: savings most likely wiped out.
Quote from: default on Nov 25, 2024, 08:25 AMWhats the bare minimum?
Imo 1m per yr upwards then considered rich. Thats like perm sec or general level salary.
If networth wise i think >5m considered rich bah
If can easily say I don't want to go work or easily don't choose certain thg means got freedom= rich alr