Wow, your fiancé must be someone legendary. Any chance for him to give me some hint. Willing to trade a plate of char Kuew teow for that. Let me know.

Maybe, but sometime limit in CC can be temporary increase. It won't be that accurate.

However the most accurate would be looking at theirs lifestyle like travelling. Eg: someone who could afford travel to South Africa for a cup of choco milk. That's shows that prolly they earn more than 100k.

IMHO

Thanks robertchoo. I kinda agree on what you said, instead of looking for hint and tips. I guess it's time for me to work hard and be one of them.

Give me 3 years. If I could manage to transform my pay from 24k pa to 100k pa or more. First to thanks would be you.

Thanks for the hard truth

What is the basic salary for a fresh grad? Talking about business industry. And what is the minimum salary in order to survive in sg?

Looks can be deceiving

I personally know of friends who are in the red financially but from the outside you see them with new cars every couple of years , nice phones and stuff. And on the other hand don't discount the uncle with short pants and slippers . It is how you want to project yourself / care to project yourself.

"We buy things we don't need with money we don't have to impress people we don't like."

50K is definitely doable in the long run (say 3 to 5 years++ - again depending on industry), but again you might be lucky getting it on your first or second job. 100K is bit of a stretch in 3 years but they are some who did it (macam MLM, some do achieve the dream - then the rest of us mortal .... that is a another story for another day )

Anyone mind sharing as a personal banker in Banking industry? Planning to venture to SG with my others friends. Helping hands will be really appreciated as I am the only 1 left to go SG recently.

why don't you ask your friends who is already in sg, since you are the last one to go ?

Wow must be elite to afford to treat a plate of char kuew teow in world most expensive city. An eat out is a luxury for both of us as we are living in debt. Your treat certainly welcomed. I am tired cooking 3 meals a day to pay off our loans. You know my phone, we are waiting.

50k is easily breached if you're in engineering firm for oil gas. Freshies paid mid of 3k. 13*3.5k = 45k p.a. Add in bonus &offshore allowance, you get 50k since 1st year.

For 100k within 3 years, that's a bit of a stretch unless you offshore for really long duration.

I second this.

I second what you seconded.

keeganz, i think u must at least equipped urself with degree first and then try to upgrade urselfs with more papers so that by the age of 40-50s you will still have ur job. maybe at that time, u will reach 100k p.a.

not sure. seems like it is difficult for ppl without papers to make it to the 50k p.a. mark.

life is sure harsh.

Don't be too caught up in the numbers. Focus on the probabilities.

All income levels / job levels are by necessity structured into a pyramid structure. The higher up on the pyramid, the narrower or less area it is. That's a basic law of life. The better it is, the less is available. So fewer and fewer people are higher and higher up on the pyramid.

So, the question you need to ask YOURSELF, and be absolutely honest... is in terms of your potential, how high up do you think you are on that pyramid? Out of a cohort of 100%, how many % of your competitors and your peers are you better than? This is your ability... ie. IQ + EQ.

And then also note that at all levels of the pyramid, there are trade-offs. And the higher you go, the more severe and impactful those tradeoffs will be. You need to decide what level of tradeoffs you can live with. This is your willingness... ie. the balance of your time, energy, work/leisure balance and your personal values (money, family, lifestyle, ethics, charity etc).

This are the 2 most important career decisions you have to make, as it determines which which industry, which job type, what job conditions/environment, what lifestyle you pursue and therefore, will end up with.

Now... I realise that it's not easy to answer these 2 questions and make the 2 decisions. And the more fresh or inexperienced you are, the harder this becomes.

That's why mentors and role models are so important. Mentors help you answer Q1 by being your sounding board and giving you objective assessments of yourself. Role models provide templates and examples of the possible career and lifestyle pathways that answer Q2. You need to choose a suitable role model that is consistent with the answer you obtained from Q1. So, don't go choose Bill Gates, Steve Jobs or Mark Zuckerberg unless your feedback providers in Q1 all say you are a 1 in a billion phenomenal talent.

So at the end of the day,..

(1) do you possess a 100K or 200K or 300K or 1M intellect, charisma and drive?

(2) are you willing to go the distance and do what it takes to earn that 100K or 200K or 300K or 1M?

This post has been edited by seantang: Jun 9 2014, 11:54 AM

Hey. I got a few doubts to clarify, hope all the sifu can give guidance.

I know work in Sg pay tax in Sg, no need pay Malaysia to avoid double taxation, but will we get the benefit that the taxpayer here get? Like can buy low-cost house, property, car etc etc?

This post has been edited by Green_Emerald: Jun 9 2014, 11:43 AM

since when buying car and house is benefits ?

Those like low cost house. Cause I heard cannot take loan if no income or whatever, if never pay income tax, when buy property they sometimes will come ransack your house and ask for income tax payback. So if working in Sg, can entitle to these loans and stuff? Especially the low cost house.

1. low cost housing are meant for low income citizens, even in MY. are u a citizen in sg?
2. who would want to give you a loan if you have no income thus meaning you are unable to repay the loan?

I think Green Emerald is saying can he/she qualify for all the low income benefits back in Malaysia when he/she works in SG.

Sort of like how some low lifes here work happily in SG get big bucks but go and declare 0 income and take BR1M back in MY.

No problem getting loan in MY. You just need to show them your Singapore NOA (Notice of Assessment).
But their conversion rate they won't give you that great as money changer. Some banks take SGD at 2.2 conversion rate.

is all about ethics and I know of such a person.