10K? no seriously what are they spending it on? Am I missing out on life? single or married (you'd get access to subsidised housing this way) - public schools, subsidised healthcare, award winning hawker food, world class public transport. what else is needed for a comfortable life? I really have no idea if this is actually the norm, can anyone enlighten me? I'm really speechless :O

Will this UOB One + Nation Saver Promo work if I open another UOB One Joint account?

Dun be so loso

thanks for the sharing.

How about EGA musical chairs?

What if my uob one already at 150k?

Stay tuned for more options really soon: sethisfy.com/telegram

First

😂 4:27… the lady said $20k a month is ideal. DollarsandSense should be paying well.

Why is the entire FA concept so centric around insurance and ILPs. Isnt financial planning so much broader than this? Right to say even many IFA started as agents and core knowleged still centric around insurance space.

Normal regular job will not be enough in Singapore. Invest in the right one and skills to make money is the only way to go

Currently 38 years old earning 8k per month. I get about 2mths+ of bonus each year too. Own a weekend car and a motorcycle together with my wife, in a 5 room hdb. Have a few expensive watches and toys which amount to 30k or so. Have one country club membership. Give my parents less than 1k each month. I think that if you dont have kids, 6k is the amount that is comfortable if you're married, even with a simple car. If single, 6k is also ok without a car. I felt comfortable when i hit 6k. When it increased beyond that, it just made it easier to save. At this point, if a promotion is offered to me, money is no longer as attractive as before and I have to seriously weigh whether the added stress is worth the increase in salary. After a certain point, mental health is more important than $

1BR rent 4k, how 3k is comfortable ahahaha

Hi.. you are doing a great job I would love to visit singapore next month But I will be needing someone with singpass that can help me fill the form online

5k is not enough at all

does this mean that the UOB absolute dont give 1.7% on roadtax?

The 18% rebate is now extended to 31 july 2024

Pointless. If he or she can earn $50k , does it means you can do it too?

Not abt how much u earn, but how much u CAN save. U can earn $10k and still go around telling everyone money "not enough". Money in the millions also "not enough" for Najib, isnt.

Life has been kind. It is possible to earn in sg. I own 1 condo n my wife owns one. We have more than 1M in savings. I got to this cos i hv been frugal my whole life.

Long story short, no matter how much money you earn, you will still think it’s not enough because we’re wired to live a standard where we’re comfortable with. I started with round 2k and now close to 5k and still think it’s not enough because my lifestyle change according to my income.

OMG! DollarsAndCents lady doesn’t know the difference between Median and average! And still hopes to earn $20k a month! 😅 The questions on what income is comfortable etc really has no meaning without context of e individual’s age and life stage. Providend CEO gives the most sensible answers. Otherwise not really a video worth watching…

$4550 inclusive of bonus & AWS so real figure probably around $3500

In the end. Nobody is sharing their incomes in this video...

4550 is low income already. Median income should be 7k to 10k.

Hello! Can I check if I were to use CardUp to pay $1k of my insurance, using the the Maybank Visa Platinum as the charging card, can I charge the balance $1k premium with the Maybank Visa platinum card? Will be it recognize as $1k insurance premium payment and $1k of other expenses? Hope my question is not too confusing. Thank you.

lolz..20k a month

The 2 little cows on your shoulders are cute~~~❤ like this kind of surprise arrangement

❤Let me invite any of you Finance people how good you are in finance related topic called GDP. How do you prove this figure from an Independent Audit perspective? You cannot. Its either you Want to Believe it or Not. So who knows your numbers? I found that , and you too can do the same, no one we know has ever proven the gdp based on independent audit. This challenges your assumptions. No finance or economist lecturer has ever taught their students this. Disclaimer: i also prefer to not have to believe/dont believe the gdp. I would love that gdp reported must always and can always be accurate /true. But fact remains, i have yet to find any economist who has proven the gdp , a statistic they cite everyday in their work. By proving, i mean audited by an auditor independent of the establishment for obvious reasons. Questioning is not allegation. Its based on the fact that something is not proven in said way and something unanswered. It does Not mean the gdp is inaccurate or faked. It is what is and i challenge anyone to challenge me.

When asked if the $4550 median income is true, the young man who is a product manager with *beep* said, "even the ST reported this number". This guy surely is a believer in state media. Bright future for this guy. He is so confident he don't even need to ask for independent audit. So many finance people are Basing on Believing and happy with it. A profession based on Believing and not reality based on audit??

If so many youngsters are earning more than $100k per year or $20k per month why only about 6% make it to millionaire in SG included their residential property? Figures in report don’t lies. In the recent UBS report median wealth per adult was only US$104,959 which is shockingly low.

How many regular folks can earn more than 10k a month without a professional degree or some degree of luck, not inclusive of investments? I used to earn more than 100k/yr when working in USA until i decided to come back to SG since my parents are getting really old. Faced age discriminations in EVERY job interviews. Didnt get a job till a yr later. Salary not even half of what i used to earn. I learnt not to compare. I did for a while and realized comparison will kill me faster if i compared myself with my numerous high flying cousins and friends. Afterall, i left SG for years before coming back and starting all over again. Luckily i started out in USA dirt poor, was forced to budget, managed my pathetic salary after the heavy income taxes, for savings, rent, utilities and expenses. Earning less than 5k/mth now, I'm debt free, flat fully paid, vacation 2x a yr, regardless of destinations. Can splurge whenever i want. Like my mum tells me, earn more, spend more. Earn less, spend less. No need a big house or car. Be contented, keep everything simple and life will be easier.

Will not compare myself to those who are ultra high earning now i feel more than blessed in my current circumstances. But i will continue growing and making more. Grateful

such audacity

Seth, what is your income?

Accredited investor require at least 2million of asset and minimum income of 300k per year

I am 56 now. With take home pay close to 10k, wife is a homemaker, 2 grown-up kids, fully paid 5rm hdb(woodlands), no car. We live a comfortable life in Singapore.

Good job on the interviews. Glad i wasnt there to answer your spontaneous qns😅. Btw, i have friends in their 50s making $2k as imda digital ambassador. Not sure why the salary levels are so low for these gp .

Depends on how you live your life. 10k will be more than enough if you live at hdb, eating hawker food, taking public transport. 5k may not be enough if you drive a car, eating out at restaurant most of the time. You have to balance your capability and wants.

46 years old blue collar operations technician with nearly 20 years experience in oil/gas/chemical/utilities. Earning slightly less than 3K gross salary per month. Bit struggle with bills sometimes. But I try to make do with clocking more overtime although can be really tiring as I become older (physical work, pulling hoses/pipes, climbing storage tanks etc). I try to budget to the best of my ability. In my age group, I find the optimal salary for an unmarried individual is about 4.3K. This should cover savings, emergency funds, insurance, essentials and simple discretionary spending such as eating in mid scale restaurants, gifting, basic entertainment, etc From personal experience, I'm saying 4.3K is because I have earned that amount with 13th month bonus + working many hours of overtime and it has been really liberating. Less stress on bills, I can afford to go out and socialize, eat better food until I spend the money than it's back to budgeting on a <3K salary. lol

To the Head of comm at dollarsense, u had better move on.... 😮😮

Every time I come here, I get a reality check. Sobering.

"Just my video LOL"

It seems that Singaporeans generally do not understand what "median" means.

U grad staying with parents can easily save 70%.

If single and stay with parents, $3000 is more than enough. If married, you need $15000

That lady (Head of Commercial) needs 20k per month to be comfortable, yet at the same time when asked about 'enough' (7:01), she says it depends on how you budget / 5k is enough. That's quite a stretch.

need 10k-20k to be comfortable meh? when i just started out as big 4 auditor 10 years ago, my pay was 3k (take home 2.4k lmao), and can still afford to give 1/3 of it to my parents and then go 2 overseas trip lei (not SEA destinations if you’re wondering).

3:12 not sure if she understood the difference between mean and median...