What will u do if u have $25k salary monthly?
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but the catch is 'how much is enough?'Originally posted by Bloop...:Unless he's actively saving up for something, what's the point?
Think of the future but enjoy today.
As long as you can set aside enough for your retirement and rainy day fund. Spend some of you money to make your life easier. What happens to all his money if a bus runs over him tomorrow?
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Well...lets push up the priceOriginally posted by sbst275:kns... this counter overvalued
I want to take short term profit liao ...
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I will build a orphage in the 3rd world country and provide them with the education... Getting rich is not by chance... It is good to contribute back to the man-kind...
)
Cheers -
Just my 2 cents.Originally posted by dragg:but the catch is 'how much is enough?'
No catch there. Speak to any financial analyst and they'll help you work out, based on projected inflation, etc, how much you need a month to survive when you're retired.
Then you calculate the estimated years you can live after that, eg 20. Then 20 x 12 x $????.?? per month. Divide that by the amount of years you intend to work before you retire. That gives you your retirement amount. This is the MINIMUM you better "pay" yourself first each month when your paycheque comes in. (SO THE EARLIER YOU START SAVING, THE LESS YOU NEED TO SAVE PER MONTH!!! - Of course as your pay goes up, your lifestyle goes up, then you can sit down and re-calculate every 5 years or so).
Then make sure you have enough insurance for rising medical costs...
Then put aside your rainy day fund. Maybe you can even invest this even...
Then the CPF can be used as additional backup retirement fund (if you're relying on that as your primary retirement fund... good luck to you).
The only trick here is what sort of lifestyle you want to live once you retire. Balance that with your current lifestyle now. If you lean so much to the future that you sacrifice everything today... better take into account that tomorrow may not even come.
After all this taken care off... enjoy the rest of it. Get a nice place (of course if you buy, that helps take lessens your financial needs after retiring)... get a little car if you still can... Holidays, etc... ENJOY!!!
Then on the other hand, you get those who rush out to buy that expensive car, only calculating what they spend on that car with what they take home every month. As long as they have $2.00 left in the bank at the end of the month, they think they're doing ok... Then... well... ??? Good luck to them too. -
Dun play play leh... Like this, ppl can get their hands burntOriginally posted by shade343:Well...lets push up the price I want to take short term profit liao ... -
when mi earning 2k i can saved 70% of it.. now more than 5K but i still can save 60%(rental exp included).. so it's just an excuse those rich idiot that dunno how to save gives lah...i still eating cup noodles and not in resturant lor..
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mine's around 900++ basic , incentives around 1k-1.4k if i do well , and i spend around $600 every month and if i get incentive i save upOriginally posted by I-like-flings(m):when mi earning 2k i can saved 70% of it.. now more than 5K but i still can save 60%(rental exp included).. so it's just an excuse those rich idiot that dunno how to save gives lah...i still eating cup noodles and not in resturant lor.. -
alot of stuffs,but most importantly i'll keep mum about it,no point letting others find out..
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Hmm...I will take Business Class whenever I travel, on SQ, BA/QF, etc....install gold tap in every toliet in my home and office, sue ppl for slander every now and den....
