Other Money Mattersat Salary.sg – Your Salary in Singapore |
It’s hard for people to compare income and net worth with each other. The easy (and sometimes superficial) way is to compare the stuff they wear, the cars they drive, and the type of housing they stay in. We know that driving a BMW and staying in a condo both exudes a certain snob factor. [...]
If you’re about to buy an apartment, bad luck. URA has just announced that the government has withdrawn the Deferred Payment Scheme with immediate effect. The Deferred Payment Scheme is a form of progress payment that allows the property buyer to defer the bulk of the purchase payment to a later date. Although property developers [...]
Forbes has released the list of richest people in Singapore. (The title of this post is not exactly right – a couple of them are women.) Can we learn a thing or two about getting rich from this list? Maybe. First, more than a handful of these 40 people are into property and banking (i.e. [...]
Read the full article at Richest Men in SingaporeAfter PM Lee’s announcement on CPF changes, it’s now official. (Well, the annuities scheme is still being studied.) See this CPF In Touch issue for an excellent summary.
Read the full article at New CPF Interest Rates (update)Your net worth is a measure of how wealthy you are. A person may be cash rich, while another may be cash poor. But because the cash poor person owns a property, both of them could have equal net worth. And do you know there’s a rule of thumb for telling whether your net worth [...]
Read the full article at Calculate Net Worth and Benchmark ItWe all know that we earn 2.5% interest for our CPF ordinary account and 4% for the special and medisave accounts. While flipping through the MAS Annual Report 2006/2007, I noted that in 2006, the interest credited to CPF members’ balances is a total of $3,926.8 million (yes, that’s close to $4 billion). This figure [...]
Read the full article at CPF InterestSuppose you have decided to join another company. When should you submit your resignation letter to your current boss? You may not know this tip: Make your last day a Sunday. For example, if you tender your resignation today, 27 July, your last day will be 26 August – a Sunday. But your last day [...]
Read the full article at When to resignJuxtapose the profiles of 2 rich men – 1 of whom very rich – and you get some idea of how they grow their money. Featured in Sunday Times today are decamillionaire couple George Raymond Zage III and his wife Kathleen Zage, and a rather rich insurance veteran Stanley Jeremiah. Here’s what I gather from [...]
Read the full article at Of property, career and carsIn case you’ve forgotten, the employer CPF contribution has just been increased from 13% to 14.5% (effective 1 July). If your gross income is $4,500 or more, this increase translates to, heh, an additional $67.50 to your CPF accounts each month. In fact, your Ordinary Account will get $45 and the remaining $22.50 goes to [...]
Read the full article at Employer CPF contribution now at 14.5%The results of a survey conducted by SPH Research show that Singaporeans are most worried about cost of living and least worried about the need to travel abroad for work. The following is the list of top concerns, ranked by importance (figure in brackets is the percentage of respondents who indicated they are worried about [...]
Read the full article at Cost of living is top concern
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