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This is a story of how a salaried person (and his wife) managed to accumulate a million dollars in cash over just 10 years. And he did it without playing Toto or 4D, and neither did he dabble in stocks and property. He started his working life in the private sector. During the Asian financial [...]
Some of the top lawyers in Singapore will get up to 9 months bonus payout this year. The Straits Times reported that Drew & Napier and Rajah & Tann are giving fat bonuses across the board. Harry Elias Partnership and KhatterWong are also giving big bonuses of 5.5 to 8 months to their staff. The [...]
Some of best advice on investing (extracted from last Wednesday’s BT): The much touted “diversification” and “wealth preservation” strategies do not build wealth. The rich use them to maintain wealth. You need a better strategy to be rich. Buy when there’s weakness in the market. Buy when other people are panic-selling, or when there’s bad [...]
Read the full article at Investing TricksMinistry of Education has announced a new scheme of service that more strongly emphasizes the link between pay and performance. With this new scheme, teachers will be rewarded with performance-based increments and bonuses. The existing salary scheme apparently does not incentivize good performance with its fixed annual increments. While transiting to the new scheme, a [...]
Read the full article at More Pay and Bonuses for TeachersA lawyer posted a comment that gives us a more balanced perspective of the law profession. I quote him/her: “While the upside is that lawyers have good job security and enjoy a glamourous image, this does not make up for the very unsatisfying nature of our work.” As for benchmarking to lawyers’ salaries, “insider” has [...]
Read the full article at From Lawyer Insider: Life is Glamorous but UnsatisfyingIt’s no secret that one easy way to “promote” yourself and to give yourself a salary raise is to job hop. While it’s been frowned upon in the past, it’s now part and parcel of career progression. A tool of the trade. Saying no to job hopping is unwise – loyalty is an overrated attribute. [...]
Read the full article at Time to Job Hop, Happy New YearStarting from 1 January 2008, your CPF balances will earn more interests. Interest Pegging for Special Account, Medisave Account and Retirement Account (SMRA) The yield will be pegged to 1% + the 12-month average yield of the 10-year Singapore Government Security (10YSGS), subject to a minimum of 4% for 2 years. The yield data is [...]
Read the full article at CPF Changes from January 2008The gaps have narrowed for 4 of the 6 professions/sectors used in benchmarking ministerial and Civil Service salaries. Top executives in MNC, lawyers, bankers and accountants each took home more than $4 million last year (Iras Year of Assessment 2007). Specifically, the median income of the top 8 earners in MNCs made $4.86 million. To [...]
Read the full article at 4 Highly Paid ProfessionsWhich industry sector pays the most bonus? You may want to consider bonus payouts in your next career move, as bonuses in some industries account for a large part of your annual remuneration. Based on a chart on the front page of last Saturday’s Straits Times, the following sectors are expected to pay good bonuses. [...]
Read the full article at Year-End Bonus RankingHow much does the average family doctor in Singapore earn? According to a survey by the Singapore Medical Association, General Practitioners (GPs) in Singapore take home an average monthly income of $10,524. However the median monthly income is $13,758 – this means the average value of $10,524 is skewed more by the lower earners than [...]
Read the full article at Income of GP Doctors
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