In sillypore degree is of of no use

• JayJay3335

  29 Dec 07, 20:05

  1st in sg, can u start yr own business?..thats the burning Q..
  
  with them eating away most of yr profit...an entrepruenership is not really pushed due to obvious politicial reasons..
  
  whn young, U are only made to believe that getting a degree is crucial but from that point afterwards, reality about the economy and social policies starts to bite u
  
  what they claim is that FT help to create more jobs...but not the type of FT from 3rd world countries... FT meaning ppl Like Bill Gates, Donald Trump, Mittal
• JayJay3335

  29 Dec 07, 20:24

  If a person starts buying a house in Singapore when he is 28 and lives to 78. He would have paid SG$15,000 x 4% x 50 years = SG$30,000 in property taxes.
  
  Say this average Singaporean making SG$11,160 (p.a. after taxes) uses all his income to pay for his housing 2 bedroom HDB of SG$183,000. At mortgage rate of 5.20% (fixed rate), he would need some 37.78 years to pay off his HDB flat. On top of this loan repayment, this Singaporean would still need to pay some SG$600 (Property Tax) + SG$110 (TV Licence) = SG$710 every year.
  
  DBS Home Loan Packages
  
  I am not sure if you do present value of an annuity, it would be easier, else you have to manually plug the numbers into a spreadsheet.
  
  Yr1: SG$183,000 (loan) + SG$9,516 (interest) - SG$11,160 (repayment)
  Yr2: SG$181,356 (loan) + SG$9,430 (interest) - SG$11,160 (repayment)
  Yr3: SG$179,626....................................
  -
  -
  Yr38:......................
  
  
  Say if an Australian making AU$26,865 (p.a. after taxes) uses all his income on an equivalent 2 bedroom condominium in Perth for AU$163,000. At a mortgage rate of 8.29% (fixed rate), he would need some 8.78 years to pay off his condominium.
  
  http://www.banking.hsbc.com.au/utility/rates/
  
  
• Y_Shun

  29 Dec 07, 20:27

  At least with a degree, you get better than diploma.
• FireIce

  29 Dec 07, 20:30

  Originally posted by Y_Shun:

  At least with a degree, you get better than diploma.

  not always the case.
• JayJay3335

  29 Dec 07, 20:42

  Originally posted by FireIce:

  not always the case.

  true, in unstable economies it doesnt work
• SBS3625D

  29 Dec 07, 20:52

  Originally posted by JayJay3335:

  1)wads the point when the economy is always unstable....
  2)very low wages mandated by merciless exploitative corporations
  3) Educational Institutions making education a profit oriented business rather than a social duty
  
  think abt it.....

  Moral of the story: Sign -on with SAF!
• JayJay3335

  29 Dec 07, 20:59

  Originally posted by SBS3625D:

  Moral of the story: Sign -on with SAF!

  and become a slacker who gets farked yr entire life...
  never!
• No9

  29 Dec 07, 22:04

  Originally posted by nullifi3d:

  Your being a sour grapes. Don't blame others for holding a degree when you can't qualify for one.
  
  A degree is as good as the next person applying who only holds a diploma. But a person with a diploma and a degree probably stands a better chance.
  
  

  i agree with u.
  
  We all play different roles at different point of time.