Few Singaporeans dream of retiring young: survey
-
why so tough, study overseas and stay there for work, the rewards are better than staying and being squeezed.
-
Eagle,Originally posted by eagle:IPPT and ICT already calculated wrong
Scholarship, since you will never have the ability to obtain one, don't need to bother to explain to you.
And I didn't know I am already 8 years after army wor.... hmmm....
Firstly, 10k savings from army, most likely more, and right after that 3.5 years of study so far... JC time money and savings are from parents, so totally not included.
In addition, factor in that 24k debt. This is savings, not talking about total amount of assets/cash in accounting.
Try again, start from after army hor.
Add in amount from fixed deposit hor.
Add in amount from FYP hor
Add in amount of 24k hor. That was included in my original calculations in my first post. And as I have explained, it is total savings, not total savings - current debt.
Ippt and ICT are small amount and its not going to make much of a diff.
I am already being very generous with you about your $400 per month expense, ie. living with only $13.15 per day for 8 year to cover your food, transportation, entertainment, gf etc. I am sure during the 8 years you must have bought yourself some tight shorts, singlet, underwear, G-sting, sex toy etc right?
So now you are saying that, without your lau peh CPF $upport, your saving will be $50,000 - $24,000 = $26,000 isit? Very different from what you said earlier leh..Originally posted by eagle:To retire young, you need the money...
As a student, I'm only half my way to 100k savings.... Need to multiply 100k by 20 times to be able to retire early comfortably.... That is because if you have around 2 mil, you can earn fixed deposit equivalent to at 2.5k a month with 1.5% interest rate, an amount sufficient for the minimum of living. -
Simple maths indeedOriginally posted by Gazelle:Eagle,
the Ippt and ICT, thats small amount and its not going to make much of a diff.
I am already being very generous with you about your $400 per month expense, ie. living with only $13.15 per day for 8 year to cover your food, transportation, entertainment, gf etc. I am sure during the 8 years you must have bought yourself some tight shorts, singlet, underwear, G-sting, sex toy etc right?
So now you are saying that, without your lau peh $upport, your saving will be $50,000 - $24,000 = $26,000.
I had fun making you do so many calculations, although they were very wrong. Shows very much on your comprehension skills 8 years indeed But $13.15, you are right... Take it, breakfast with gardenia bread with some spreads, say $1.35 (research on my Pumping Iron thread), lunch and dinner $2.40 in school. Maybe supper, $1.50
Total of only $7.65... Again your simple calculations
Clothes ah... Do research on the forum again since you like to research it so much. I have mentioned it before.
Without lau peh CPF, can borrow from bank you know? The result will be the same, but I prefer to pay interest to my lao peh than the bank But a simpleton like you would never understand how such a system works.
Btw, the error in your calculations was 13.33%... Small indeed
If you include properly 3 years of IPPT and ICT, the difference would have been greater 50%
Simple maths indeed
Seriously, I can lead you on and on. I can see already that there's no way you can defeat me in maths. Perhaps unclebutcher or lazerlordz or some other forumers can, but certainly not you. If you can, I will gladly give the position of moderator of Homework Forum to you so that you can help others -
Eagle,Originally posted by eagle:Simple maths indeed
I had fun making you do so many calculations, although they were very wrong. Shows very much on your comprehension skills 8 years indeed But $13.15, you are right... Take it, breakfast with gardenia bread with some spreads, say $1.35 (research on my Pumping Iron thread), lunch and dinner $2.40 in school. Maybe supper, $1.50
Total of only $7.65... Again your simple calculations
Clothes ah... Do research on the forum again since you like to research it so much. I have mentioned it before.
Without lau peh CPF, can borrow from bank you know? The result will be the same, but I prefer to pay interest to my lao peh than the bank But a simpleton like you would never understand how such a system works.
Btw, the error in your calculations was 13.33%... Small indeed
If you include properly 3 years of IPPT and ICT, the difference would have been greater 50%
Simple maths indeed
please dont tell me that as a horny kid like you who have been actively trying to score a girl, pumping iron and eating pills, will only spend $13.15 per day, everyday for 8 years.
You mean you dont wear jeans? Your shoes last for 8 years? Your PC and Notebook last for 8 years? You dont need to bring your gf for dating? Or are you lying that you having a gf? If you are lying maybe I will believe you because single like you willl always end up playing yourself infront of the computer and that doest cost much since lau peh paying for tissue and electricity bills.
IPPT and ICT are small in comparison to the $50,000 saving. Do you really think I would bother to go into such details with you when I didnt even question you about the cost of your notebook, your holiday in paris etc -
Again, shows how much you have read or not readOriginally posted by Gazelle:IPPT and ICT are small in comparison to the $50,000 saving. Do you really think I would border to go into such details with you when I didnt even question you about the cost of your notebook, your holiday in paris etc You mean you didn't understand Europe trip is it? Paris is in Europe you know Food only $7.65 a day for most of the schooldays... Wonder how you miss points Other remaining things you calculate hor.... Use your simple maths Again, clothes wise, you are now shooting off without using brains again Quick, ask me why
Everything adds up to 50k you know? It is saving and calculating these nitty gritty amounts that enables one to reach more. You really think I would bother to go into details into every single small amount of gains?
And shows that you have not even been to university.... You don't even know the things I'm talking about
And you didn't know I still wearing SAF shoes ah? You mean SAF didn't give you any money to buy things?
-
Eagle if you think you are right, then could you please fill in the blanks.
Income
Attachment = $6400
University = $13,000 (please explain how you could profit from scholarship)
Tuition = $24,000
Army = $10,000
5) ICT, IPPT, = $600 (assuming 2 Ippt, 2 ICT)
6) Part time = $200
Total Income : S$54,200
--------------------------------------
Expenses (see below)
Only take into consideration $400 per month over 8 years = $38,400
Total Expenses : $38,400
-----------------------------------------
Nett : $15,800 (saving)
$34,200 is still missing.
Age - Year
17 - 2000 (JC)
18 - 2001 (JC)
19 - 2002 (NS)
20 - 2003 (NS)
21 - 2004 (NS/Uni)
22 - 2005 (Uni)
23 - 2006 (Uni)
24 - 2007 (Uni) -
Eagle, word means nothing in this discussion. I need numbers!!Originally posted by eagle:Again, shows how much you have read or not read You mean you didn't understand Europe trip is it? Paris is in Europe you know Food only $7.65 a day for most of the schooldays... Wonder how you miss points Other remaining things you calculate hor.... Use your simple maths Again, clothes wise, you are now shooting off without using brains again Quick, ask me why
Everything adds up to 50k you know? It is saving and calculating these nitty gritty amounts that enables one to reach more. You really think I would bother to go into details into every single small amount of gains?
And shows that you have not even been to university.... You don't even know the things I'm talking about
And you didn't know I still wearing SAF shoes ah? You mean SAF didn't give you any money to buy things?
I know where is Paris and I have been there twice. Are you saying you only need S$13.15 to spend a day as tourist in Paris? -
Income
Attachment = $6400
University = $36,000
Tuition = $24,000
Army = $10,000
5) ICT, IPPT, = $1020
6) Part time = $200
7) 6 months of FYP = $1500
1 year of fixed deposit on 22k at 2.8% = $616
9) 1 year of fixed deposit on 34k at 2.8% = $952
Total Income : S$80,688
--------------------------------------
Expenses (see below)
Take into consideration $400 per month over 3.5 years = $16,800
----------------------------------------- -
Of course you need numbers. You could only do simple maths and still get it wrongOriginally posted by Gazelle:Eagle, word means nothing in this discussion. I need numbers!!
So you want to count that $1 coin I picked up that day, that 50 cents coin I dropped that day, and the wrong change shopkeepers gave me, or the exact details down to the very cents?
Round down a lot leh... You really think one can pick numbers exactly offhand ah?
By the way, you kept escaping my question on how were your savings? No balls? -
Well, I have already said in a previous post. I had referred to the whole Europe trip, and that includes Paris, Amsterdam, Belgium, and a large part of Germany. Are you dumb or what? I have also pointed out my sources of income from NUS, DAAD, and TUD. Are you blind or what?Originally posted by Gazelle:I know where is Paris and I have been there twice. Are you saying you only need S$13.15 to spend a day as tourist in Paris? -
Are you a student or a lecturer at the university? from $13K now it is up to $36K. You might as well study for the rest of your life without working....Originally posted by eagle:Income
Attachment = $6400
University = $36,000
Tuition = $24,000
Army = $10,000
5) ICT, IPPT, = $1020
6) Part time = $200
7) 6 months of FYP = $1500 1 year of fixed deposit on 22k at 2.8% = $616
9) 1 year of fixed deposit on 34k at 2.8% = $952
Total Income : S$80,688
--------------------------------------
Expenses (see below)
Take into consideration $400 per month over 3.5 years = $16,800
-----------------------------------------
hahahaha.....
eagle, you champion... -
I feel sad for the guys here who have to serve NS. dunno wat is ict, ippt. I have seen my uncle taking leaves to go back to camp. Going to be old man soon, 30 plus. Failed physical fitness test every year and enter additional remedial lessons.
-
And why are you not putting the trip expenses in your expense account?Originally posted by eagle:Well, I have already said in a previous post. I had referred to the whole Europe trip, and that includes Paris, Amsterdam, Belgium, and a large part of Germany. Are you dumb or what? I have also pointed out my sources of income from NUS, DAAD, and TUD. Are you blind or what?
struggling to close the gap huh? -
You really cannot read lehOriginally posted by Gazelle:Are you a student or a lecturer at the university? from $13K now it is up to $36K. You might as well study for the rest of your life without working....
hahahaha.....
eagle, you champion...
I said I will include the $24k. Don't tell me you don't know the paying system for the uni? -
you mean your lau peh's $24,000 $upport lah?Originally posted by eagle:You really cannot read leh
I said I will include the $24k. Don't tell me you don't know the paying system for the uni? -
Care to tell us why you take income from 8 years and only expense for 3.5 years? you mean the other 4.5 years you are living on rain water and air?Originally posted by eagle:Expenses (see below)
Take into consideration $400 per month over 3.5 years = $16,800 -
Sigh, since you really insist, and your simple maths cannot calculate and you have totally no information about such things, adding the fact you haven't the ability to research such things before posting nonsense.Originally posted by Gazelle:And why are you not putting the trip expenses in your expense account?
struggling to close the gap huh?
Brought 5000 euros over to germany
Withdrawed 500 euros from ATM from singapore bank
Total amount 5500 euros
Exchange rate 1 euro to 2.035sgd, 11192.50 sgd
Exact amount brought back: 2620 euros
exchanged at 2.11, = 5528.20 sgd
So expenditure = $5664.30
TUD sponsored 320 euros a month for 4 months = 1280 euros
=> let's say we use median exchange rate of 2.0725, => 2652.80 sgd
NUS + DAAD sponsored 5k SGD
Balance of extra $1988.50
Air fare = $2.2k sgd
Debit card expenditure = $414
Portable hard disk to bring over = $120
New digital camera to bring over = $499
Miscellaneous stuff = approximately $100
Cold clothing borrowed from dad.
Balance spent of about $1344.50 for 4 months
Satisfied now
-
Originally posted by Gazelle:you mean your lau peh's $24,000 $upport lah? You don't know how sch fees system work for paying right?
don't know no need talk so much hor
You know already, you explain, then you talk... Don't know only there shooting off like a baboon -
Sigh, your poor comprehension skills... I have said that take it as 10k in bank savings after army.... Why am I bothering to explain to a person with apparently missing comprehension skillsOriginally posted by Gazelle:Care to tell us why you take income from 8 years and only expense for 3.5 years? you mean the other 4.5 years you are living on rain water and air? -
Hi, so you studied in Germany? As an exchange student? I have heard that Tertiary education in Germany is free, is it true?Originally posted by eagle:You excluded army savings, and some small amount of parents allowance because I'm still a student. And my savings were since 12 years old. And I don't spend on any branded things at all because I don't see the need to. Even for my handphone, I will go for a $0 phone during upgrading. Thus I have sufficient funds for food and recreation.
Let me break down for you, someone with that little knowledge
Scholarship with allowance minus NUS school fees still got 13k
attachment $6400
tuition i taught for 4 years, average of 600 a month. June and December not included.
All these money were not touched, what I spent now includes other sources. Do you seriously think I spent a lot in Germany when I have other sources from NUS, Deutsche Akademische Ausland Dienst (DAAD, Germany's MOE for those who don't know), and Technical University of Darmstadt (TUD)?
The above money were not touched, so total = $43,400
Remember, this excludes savings from the army, and any savings I had since young. When one spend as little on unimportant things like me, you will save a lot from the army.
It also excludes the amount of near 2k I got from fixed deposit so far.
So enough about me, care to share about yourself?
Anyway, with about $50K, you can do some investments, even buying those principle protection funds or unit trusts if you don't feel like taking too much risk. Or you might even consider putting it in overseas banks which offer much more decent interest rates than local banks. -
Yup... It was free, but they recently introduced a subsidized payment scheme. In TUD, they need to pay 500 euros a month now in addition to miscellaneous fees which had to be paid along (education is free, not miscellaneous).Originally posted by wisefool83:Hi, so you studied in Germany? As an exchange student? I have heard that Tertiary education in Germany is free, is it true?
Anyway, with about $50K, you can do some investments, even buying those principle protection funds or unit trusts if you don't feel like taking too much risk. Or you might even consider putting it in overseas banks which offer much more decent interest rates than local banks.
As for unit trusts, it has been dropping. Won't earn much. Fixed deposits give me the flexibility to choose whether to repay the Uni sch fees loan immediately, or to repay it with my future salary... -
Wondering if you are shooting your mouth again. Let me test you to make sure you were there.Originally posted by Gazelle:I know where is Paris and I have been there twice.
Notre-Dame de Paris inside got sell souvenir coins. How much is the souvenir coin?
Notre-Dame de Paris also have candles for sale (by donation). How much is the asking donation of a candle? -
Seems like the messed up fellow is talking about the old Paris claim again.Originally posted by eagle:Wondering if you are shooting your mouth again. Let me test you to make sure you were there.
Notre-Dame de Paris inside got sell souvenir coins. How much is the souvenir coin?
Notre-Dame de Paris also have candles for sale (by donation). How much is the asking donation of a candle?
Soon he will talk about his first-class air tickets. -
Expect him to tell you he has visited every part of Paris bar the Notre Dame.Originally posted by eagle:Wondering if you are shooting your mouth again. Let me test you to make sure you were there.
Notre-Dame de Paris inside got sell souvenir coins. How much is the souvenir coin?
Notre-Dame de Paris also have candles for sale (by donation). How much is the asking donation of a candle?
-
Eagle,Originally posted by eagle:Sigh, your poor comprehension skills... I have said that take it as 10k in bank savings after army.... Why am I bothering to explain to a person with apparently missing comprehension skills
So you are saying that in the 28 months in NS, your total allowance is
($400 x 24) + $10,000 = $21,200
Suppose if you are a recruit in 2002, your monthly allowance will be $240 per month x 3 months (supposed if you are fit enough) = $720.
Which almost mean that during your 21 months serving the rest of your NS, your total allowance is $20,450 or $973.00 per month.
Can you tell me what was your rank and unit when you are doing your NS?
As for expenditure, you only take into consideration 3.5 years, what about those days where you are making "big bucks" during your JC years giving tuition. Plus are you sure that you have done a solid 40 months of tuition without rest for your own exams?