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Does Someone who earn s$800K annually considered RICH

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  • Weida2001us's Avatar
    6 posts since Jun '08
    • Does someone who earn s$800,000 per year considered very well of, or i would say the ELITE group in Singapore..and What is your minimium of annual salary in order to be considered very well off??

  • Queen of sgForums
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    FireIce's Avatar
    163,135 posts since Dec '99
  • KungPaoChicken's Avatar
    349 posts since May '08
  • Daisuke-kun's Avatar
    11,809 posts since Jun '07
  • the male yellow bunny
    cuddles's Avatar
    1,639 posts since Dec '04
  • Weida2001us's Avatar
    6 posts since Jun '08
    • It takes only 2 years to be able to fully own a landed terrace in Bukit Timah......i think the amount of people who can achieve only account for top 2% of singapore population

  • KungPaoChicken's Avatar
    349 posts since May '08
    • Originally posted by Daisuke-kun:

      Rich =  Can buy a new bungalow @ orchard once every week

      Tat one is Warren Buffett wor...

  • Weida2001us's Avatar
    6 posts since Jun '08
    • hmm.......if u earn 800K a year....2 year who be 1.6 million and a terrace in Bukit Timah cost around 1.3million, and so it can fully own the property, and he can also buy audi R8 with cash which cost around s$450k.....its my view though...

  • Maith's Avatar
    2,087 posts since Dec '07
  • Bentsb05's Avatar
    39 posts since May '08
    • Originally posted by Weida2001us:

      Does someone who earn s$800,000 per year considered very well of, or i would say the ELITE group in Singapore..and What is your minimium of annual salary in order to be considered very well off??


      are u talking abt yrself ha???? dont be shy leh, r u gal, u have bf yet???

      hee hee

  • 333225520's Avatar
    348 posts since Apr '04
  • ceecookie's Avatar
    9,629 posts since May '04
    • Originally posted by 333225520:

      If earning S$800,000 annually, that's more than what the US president is earning.

      Eh? Our dear Uncle Lee is earning S$3 million a year. So much i dont even know how he spend it every year. icon_lol.gif

      Perhaps convert it to hell notes for future usage? icon_lol.gif

      Edited by ceecookie 13 Jun `08, 10:25PM
  • 333225520's Avatar
    348 posts since Apr '04
    • Originally posted by ceecookie:

      Eh? Our dear Uncle Lee is earning S$3 million a year. So much i dont even know how he spend it every year.

      Perhaps convert it to hell notes for future usage? icon_lol.gif


      Cause it is harder to manage tiny Singapore than US. So Uncle Lee need to pay himself more to attach more "talent" mah. Let's move on.

  • HyperionDCZ's Avatar
    307 posts since Jan '05
    • Originally posted by 333225520:


      Cause it is harder to manage tiny Singapore than US. So Uncle Lee need to pay himself more to attach more "talent" mah. Let's move on.


      Of course la LKY earn more la.

       

      US president only need to fight terrorists in Iraq/Afghanistan .. so easy.

       

      Our poor Lee empire need to fight dengue mosquito in Bishan and Toa Payoh leh ... Of course can justify the 3million/yr.

       

      You know how to manage the workers to spray mosquito meh ? dunno right. thats why must pay 3million for top talents to manage

       

  • icyboiz's Avatar
    967 posts since Dec '06
  • Evangel's Avatar
    1,010 posts since Sep '05
    • Originally posted by KungPaoChicken:

      Tat one is Warren Buffett wor...

      Warren Buffett's annual salary is only $100k. Dont count his personal investment dividends and capital gains. He try to keep Berkshire's overheads to 1%.

      $800k considered rich already.

      Definition of rich IMO:

      Rich: annual income of $1mil

      Super rich: Networth of $100mil above

      Ultra rich: Networth of $1 Billion above

      So everyone, lets think in networth haha...

  • eagle's Avatar
    16,804 posts since Aug '01
    • if you have to work to earn 800k a year and you spend 800k a year, you are not rich.

      if you don't have to work and still earn 40k a year and you spend <40k a year, then you are rich

  • Cool-gal's Avatar
    8,105 posts since Jul '06
  • purpledragon84's Avatar
    1,840 posts since Sep '07
    • ok this sound like quite mei chu xi but 80k annually i tink i oso quite good oready.. given my frugal way of living..

  • MooKu's Avatar
    33,827 posts since Dec '02
    • I'll be happy with just $80k a year for now. =(

       

      (of course, the more the merrier lah)

  • gasband's Avatar
    5,893 posts since Sep '02
    • 800K still not called rich? Some CEOs of MNCs in Singapore dun even earn that amount in salaries and bonuses, but with stock options maybe. So if you are earning that amount and think you are not rich, you are a sad person hehehe

  • toyota-corolla's Avatar
    15,458 posts since Jan '06
  • bryanw's Avatar
    2,927 posts since Nov '07
    • Originally posted by toyota-corolla:

      800k, what can youdo with it? icon_biggrin.gif


      buy many toyota corollas smile.png

  • Deino's Avatar
    4,090 posts since May '07
  • <(0))><'s Avatar
    1,496 posts since Apr '07
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