I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Wednesday, 20 August 2014

Benchmark Your Monthly Gross Pay in Singapore???



Uncle8888 loves benchmarking exercise!
Read? Relating to Singapore's income

 Check here: Benchmark Your Monthly Pay By Age & Gender 2014
Definition for gross monthly income:
For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses. For self-employed persons, gross monthly income refers to the average monthly profits from their business, trade or profession (i.e. total receipts less business expenses incurred) before deduction of income tax.

Your benchmark for your monthly gross salary.









Posted by Createwealth8888 at 08:38
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5 comments:

  1. SS20 August 2014 at 09:42:00 GMT+8

    Showed my wife the calculator and she told me (wisely), "high salary does not equate to high savings".

    I wonder what is the benchmark for net wealth for people of my age? Hmm.

    ReplyDelete
    Replies
    1. Createwealth888820 August 2014 at 11:18:00 GMT+8

      From the book The Millionaire Next Door:


      Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.

      Read? The Millionaire Next Door: The surprising secrets of America's wealthy.


      Delete
  2. Steven20 August 2014 at 14:45:00 GMT+8

    AudioBook: The Millionaire Next Door by Thomas J. Stanley

    ReplyDelete
  3. Steven20 August 2014 at 14:48:00 GMT+8

    PDFBook: The Millionaire Next Door by Thomas J. Stanley

    ReplyDelete

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