Automator, I share with you about myself
Because I went through the JC route, I could teach tuition well
during army and uni.
So right after uni,
Salary is not $2.2k. It's >$3k. And do include year end AWS
and bonuses into calculations.
And because of my uni degree, I can charge a slight premium for
tuition, especially when I teach JC. Currently, tuition income is
on average >$4k. Only thing is, I started this year only,
because I need to make sure my job scope, etc, before I start
anything as major as this.
During uni, because I focus on getting a first class, I didn't
teach so much. Varies between $400 to $1k for the first 2 years cuz
the courses were easier. Then did industrial attachement, which
pays about $800 per month for a semester.
Furthermore, study well and you can be like me to achieve a
scholarship as well, so uni fees are paid plus get allowance as
well.
Also, do take into account that transport fees paid by a student
is likely lesser, not to mention many student discounts when you go
eat at places. In fact, travel fees in Europe are also discounted,
especially when you go travel because of student exchange
programmes.
So with the above, I graduated with about $50k in savings, of
course with $24k debt in CPF loan, cuz I didn't use the scholarship
money to pay the CPF debt. Not a lot though... Forumers like
soul_rage managed $100k I believe.
With the savings, I put into certain blue chips which yield me
nearly 6~7% p.a. in dividend yield, instead of paying back CPF,
which charges interest of only 2.6%. Earn from the interest.
And now, after having graduated in May 08, I'm almost reaching
my first 100k in savings and equities (exclude unrealised gains)
soon. I'm now aiming for the 2nd 100k by end of next year. But with
$17k debt of CPF loan left at the moment... Clearing at about $1k
to $1.5k a month after my tuition income took off...
Some might say I siao one, why can go on and on working. But the
thing is, such handling of "stress" was trained in uni...
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In my company here, poly grads are capped max at $2.8k I
think....
Uni grads can eventually reach $6k?? Not sure
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The only way if you want to achieve high without going through
NUS or NTU type of uni is to have your own business.
That just means you are going through the university of life and
business.
Ok i missed your this 1st post because of the many replies in
the thread.
Maybe you cna share with us how you make money from blue chips
and equalities.
Because many degree holders do not know how to invest their
money or give expensive tutions to boast their income.
Most degree holders just work their normal job and their only
hopes of an increase in income is through annual increment or
promotion