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 Working in Singapore v9, How to save 100k in 3 years to buy HDB?

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Mackiddo
post Dec 23 2011, 05:02 PM

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QUOTE(Lester1987 @ Dec 23 2011, 04:00 PM)
u can Ask Mackiddo for details..........
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---> www.ExxonMobil.com
elfen_lied
post Dec 23 2011, 05:04 PM

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QUOTE(Mackiddo @ Dec 23 2011, 05:02 PM)
---> www.ExxonMobil.com
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but really hor, how to save sgd100K in 3 years??
i want to buy condo here in sg (in my dream only i think)..even just the studio unit is good enuf..but looking at the 20% downpayment really , i was like..omg how can i get that much..how did all the other Sg'rian could afford that as well..
Mackiddo
post Dec 23 2011, 05:07 PM

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QUOTE(totti 10 @ Dec 23 2011, 11:29 AM)
refer me to exxon first la before you go apple
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unlike Apple, i don't think EM ever have a referral program. Apple have a referral program for a very unique reason anyway but apparently a lot of employees dunno what it is.
noelcantona7
post Dec 23 2011, 05:08 PM

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QUOTE(Mackiddo @ Dec 23 2011, 05:02 PM)
---> www.ExxonMobil.com
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Not helpful..gotta write in via letter or something.
totti 10
post Dec 23 2011, 05:17 PM

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QUOTE(Mackiddo @ Dec 23 2011, 05:07 PM)
unlike Apple, i don't think EM ever have a referral program. Apple have a referral program for a very unique reason anyway but apparently a lot of employees dunno what it is.
*
I think if apply online got a section to write if the applicant know anybody working in Exxon.
What they do after that idk

Anyway the online application has way too many section
You think if i just snail mail my resume together with cover letter
to the HR manager can or not?

This post has been edited by totti 10: Dec 23 2011, 05:19 PM
Mackiddo
post Dec 23 2011, 05:34 PM

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QUOTE(noelcantona7 @ Dec 23 2011, 05:08 PM)
Not helpful..gotta write in via letter or something.
*
it's ok. no worries. someone will figure it out.
noelcantona7
post Dec 23 2011, 05:58 PM

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QUOTE(Mackiddo @ Dec 23 2011, 05:34 PM)
it's ok. no worries. someone will figure it out.
*
it's ok. no worries. someone will figure it out.
MPIK
post Dec 23 2011, 06:39 PM

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QUOTE(elfen_lied @ Dec 23 2011, 05:04 PM)
but really hor, how to save sgd100K in 3 years??
i want to buy condo here in sg (in my dream only i think)..even just the studio unit is good enuf..but looking at the 20% downpayment really , i was like..omg how can i get that much..how did all the other Sg'rian could afford that as well..
*
Dont worry, one day you can afford... start to save... work smart, perform diligently, then 1 day when ur salary jumps to at least $5K and above, then you surely afford.
seantang
post Dec 23 2011, 07:07 PM

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QUOTE(elfen_lied @ Dec 23 2011, 05:04 PM)
but really hor, how to save sgd100K in 3 years??
i want to buy condo here in sg (in my dream only i think)..even just the studio unit is good enuf..but looking at the 20% downpayment really , i was like..omg how can i get that much..how did all the other Sg'rian could afford that as well..
Sg is a pretty good place for career advancement. Especially if you're mid-career. Your salary won't stay low forever... although it might seem like that early on.

But I will say one thing. Given a second chance, I'll kick the ass of whoever told me that "first few years, low salary never mind. Just learn." You can optimise your salary and still learn as much as the next guy. The more salary you have and the earlier you have it, the more money you accumulate.

And we only have a certain number of "peak earnings growth" years, usually about 10 years starting from the time you hit 30s-mid 30s. After that you stagnate unless you manage to be in the top 5% ie. senior mgt. The higher your salary when you hit 30s, the more base is available to grow/peak. And when you stagnate in your 40s, it's much more fun to hit a 20K-30K wall than a 10K wall for the next 10-15 years before you retire or are made redundant.

I had a late start compared to my peers in Sg. Namely because I did my tour of duty in the Big4 and then bodoh-bodoh spent the first years in my current company's KL office instead of buidling my reputation and network in a regional HQ like SG or HK. Over the last few years in Sg, I'm lucky to have found a few godfathers and have caught up. But my peers are already paying off their private condos from the last 10 years of earnings and looking at buying landed properties with their next 10 years of peak earnings growth. Me... I'm depending on the next 10 years peak growth to fund my first property in Sg. Unless I somehow move ahead of them at double their promotion rate, I can never catch up.

This post has been edited by seantang: Dec 23 2011, 07:37 PM
SUSMaterazzi
post Dec 23 2011, 09:50 PM

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QUOTE(elfen_lied @ Dec 23 2011, 04:54 PM)
im working in Science Park 2..haha
stay around red line..bukit batok area, clementi also good, bueno vista the closes place rclxms.gif


Added on December 23, 2011, 4:59 pm

haha..so agree to that.. brows.gif
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potong pasir la good


Added on December 23, 2011, 10:05 pm
QUOTE(seantang @ Dec 23 2011, 07:07 PM)
Sg is a pretty good place for career advancement. Especially if you're mid-career. Your salary won't stay low forever... although it might seem like that early on.

But I will say one thing. Given a second chance, I'll kick the ass of whoever told me that "first few years, low salary never mind. Just learn." You can optimise your salary and still learn as much as the next guy. The more salary you have and the earlier you have it, the more money you accumulate.

And we only have a certain number of "peak earnings growth" years, usually about 10 years starting from the time you hit 30s-mid 30s. After that you stagnate unless you manage to be in the top 5% ie. senior mgt. The higher your salary when you hit 30s, the more base is available to grow/peak. And when you stagnate in your 40s, it's much more fun to hit a 20K-30K wall than a 10K wall for the next 10-15 years before you retire or are made redundant.

I had a late start compared to my peers in Sg. Namely because I did my tour of duty in the Big4 and then bodoh-bodoh spent the  first years in my current company's KL office instead of buidling my reputation and network in a regional HQ like SG or HK. Over the last few years in Sg, I'm lucky to have found a few godfathers and have caught up. But my peers are already paying off their private condos from the last 10 years of earnings and looking at buying landed properties with their next 10 years of peak earnings growth. Me... I'm depending on the next 10 years peak growth to fund my first property in Sg. Unless I somehow move ahead of them at double their promotion rate, I can never catch up.
*
Thanks for the food for thought. However, I still say it's easier to get RM6.6k in Malaysia than $4.7k in singapore. It's because my Spv is 30 yrs old and got more than RM10k/month now.

Why don't you buy HDB since you're 35 yrs old now? I think HDB is cheap for you.
Don't be naive la, if you didn't spent your time in Big4 MY, I don't think Big 4 SG will look on you.


This post has been edited by Materazzi: Dec 24 2011, 10:56 AM
SUSkockroach
post Dec 23 2011, 11:56 PM

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QUOTE(Materazzi @ Dec 23 2011, 08:50 PM)
potong pasir la good


Added on December 23, 2011, 10:05 pm

Thanks for the food for thought. However, I still say it's easier to get RM6.6k in Malaysia than $4.7k in singapore. It's because my Spv is 30 yrs old and got more than RM10k/month now.

Why don't you buy HDB since you're 35 yrs old now? I think HDB is cheap for you.
Don't be naive la, if you didn't spent your time in Big4 MY, I don't think Big 4 SG will look on you.
And If you don't work in Big 4, will Dow look on you?
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I didn't read that sean work in big4 sg or he is 35 years old. I am naive
sapapa
post Dec 24 2011, 12:48 AM

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Guys, I have been given a role of IT Support in desktop/lan. I am fresh graduate with no experience. Is $1500 sounds reasonable?
crazy25kid
post Dec 24 2011, 01:36 AM

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QUOTE(Materazzi @ Dec 23 2011, 09:50 PM)
Why don't you buy HDB since you're 35 yrs old now? I think HDB is cheap for you.
*
cause he is not singaporean?! sweat.gif sweat.gif

QUOTE(Materazzi @ Dec 23 2011, 09:50 PM)
Don't be naive la, if you didn't spent your time in Big4 MY, I don't think Big 4 SG will look on you.
And If you don't work in Big 4, will Dow look on you?
*
seriously, i really dun understand the financial sector.
what is the craze of getting into the big4 a must?
yes, sure it glorifies your resume, but still...u won't die if u nvr went in.
reusing a phrase someone mentioned before....u want to be one of the small fish in a very big pond or the big fish in a small pond
so does it mean every IT grad must get into google...game testers must go blizzard?

This post has been edited by crazy25kid: Dec 24 2011, 01:36 AM
seantang
post Dec 24 2011, 10:10 AM

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QUOTE(Materazzi @ Dec 23 2011, 09:50 PM)
Thanks for the food for thought. However, I still say it's easier to get RM6.6k in Malaysia than $4.7k in singapore. It's because my Spv is 30 yrs old and got more than RM10k/month now.
Again... you're basing your assumption about the entire job market in Sg and My on one data point.

QUOTE(Materazzi)
Why don't you buy HDB since you're 35 yrs old now? I think HDB is cheap for you.
Because I'm not allowed to?

QUOTE(Materazzi)
Don't be naive la, if you didn't spent your time in Big4 MY, I don't think Big 4 SG will look on you.
Big4 experience is blue chip, make no mistake about that. BUT it is NOT the only source of blue chip experience. Fortune 200, bulge bracket banks, govt agencies like EDB, MOF, IMF etc all offer blue chip experience for much higher pay and less stress.

And the fact is that unless you want to remain in the Big4 long term and try for partnership, you'll be moving out after 3-5 years. If you're going to the average company, the Big4 experience will put you ahead of their internal folks as these companies are not industry leaders. But if you're moving to one of the blue chip companies mentioned, their internal people will be ahead of you. Their experience is as good as yours, their salary is higher and their reputation and network has already been developed. You will forever be trying to catch up.

This post has been edited by seantang: Dec 24 2011, 11:02 AM
rexona
post Dec 24 2011, 10:39 AM

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QUOTE(Materazzi @ Dec 23 2011, 09:50 PM)
Thanks for the food for thought. However, I still say it's easier to get RM6.6k in Malaysia than $4.7k in singapore. It's because my Spv is 30 yrs old and got more than RM10k/month now.

I'm curious, have you ever worked or spent any time in Malaysia? You always seem to talk like you very experienced in MY/SG. Anybody who's worked in both MY and SG will know that it is easier to get $4.7k in SG than RM6.6k in MY.
SUSMaterazzi
post Dec 24 2011, 10:55 AM

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QUOTE(seantang @ Dec 24 2011, 10:10 AM)
Again... you're basing your assumption about the entire job market in Sg and My on one data point.

QUOTE(Materazzi)
Why don't you buy HDB since you're 35 yrs old now? I think HDB is cheap for you.
Because I'm not allowed to?

QUOTE(Materazzi)
Don't be naive la, if you didn't spent your time in Big4 MY, I don't think Big 4 SG will look on you. And
Big4 experience is blue chip, make no mistake about that. BUT it is NOT the only source of blue chip experience. Fortune 200, bulge bracket banks, govt agencies like EDB, MOF, IMF etc all offer blue chip experience for much higher pay and less stress.

And the fact is that unless you want to remain in the Big4 long term and try for partnership, you'll be moving out after 3-5 years. If you're going to the average company, the Big4 experience will put you ahead of their internal folks as these companies are not industry leaders. But if you're moving to one of the blue chip companies mentioned, their internal people will be ahead of you. Their experience is as good as yours, their salary is higher and their reputation and network has already been developed. You will forever be trying to catch up.
*
Don't you think you will develop more networks through big4? You will have experiences in different industries.

This post has been edited by Materazzi: Dec 24 2011, 10:57 AM
seantang
post Dec 24 2011, 11:18 AM

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QUOTE(Materazzi @ Dec 24 2011, 10:55 AM)
Because I'm not allowed to?
Don't you think you will develop more networks through big4? You will have experiences in different industries.
*

Networks that do what?

External networks are good if you change jobs often or if you intend to start your own practice.

Internal networks are important if you want to climb the ladder within the same company, especially in large MNCs with tens of thousands of employees, bosses changing/you changing every 3 years and the politics.
Lester1987
post Dec 24 2011, 11:45 AM

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QUOTE(sapapa @ Dec 24 2011, 12:48 AM)
Guys, I have been given a role of IT Support in desktop/lan. I am fresh graduate with no experience. Is $1500 sounds reasonable?
*
up to you, with $1.5k, its good enough for you to survive without savings. But if u join in at that pay, the chances of you getting a better paid job is very very high. so its up to you how u want to do it. you can wait for another offer or u can come down with that 1.5k job 1st, then get ur self settle down in SG and start looking for better offer after 6 months working in that company. chances to get hired when u are in SG is higher than u are located overseas since employer wouldn't have to worry that you can't blend into the SG society.
heavenhell
post Dec 24 2011, 11:49 AM

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Hi guys , are there any bus service from jurong east station to IBP ?
Thanks
Living in a box
post Dec 24 2011, 12:05 PM

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QUOTE(Mackiddo @ Dec 23 2011, 03:22 AM)
Agreed. And those Apple ppl too. Always see them wine and dine after work from their Facebook. Think I wanna join Apple too. Anyone know is there any opening?
*
anyone working in apple can help intro ? really interested in joining Apple help desk / sales rclxms.gif

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