In sillypore degree is of of no use

charlize SG

Next hottest job.

Pole dancing at the IR. Laughing

dinky1409 SG

In SG, you cannot work(as an employee) all the way to have a good life for your retirement and also for your family and kids' upbringing. It is too expensive.. Hence, some people opt to migrate out.

Reality is that, now, a degree does not instantly command >5k monthly pay. There are degree holders out there who is still struggling to get a job with a decent pay. The degree can only up your chances of landing the higher end jobs, but a job is still a job. When you hit 50, what makes you think the employer won't hesitate to ditch you for a younger fresh undergraduate? Oh and guess what? FT are also being welcomed with open arms.

You want a good life? For family? For your kids? Do more than work(as an employee).

Make people work for you not work for people. (Open businesses, ventures etc.)

Make your money work for you. (Investments, financial vehicles etc.)

Good thing about SG is, knowledge is in abundance. The only thing that stands between you and that knowledge, is your willingness.

If you know you can study and get grades, don't just choose your education path blindly. For example, think of the existing thousands of people who have engineering degrees and diplomas. Think of the oncoming FTs specialized in engineering. Now, think of the demand for engineering people here in SG...

Just a few thoughts.. Wink

charlize SG

Ok ok.

What's the starting pay of fresh grads these days in Singapore?

Anybody have a ballpark figure? Laughing

OneWithTheForce SG

In the workplace, what really get's a person's career going is either exceptionally clever work, or an outgoing personality (and, if in sales, a genuine caring for customers/clients)

You can read about these issues.

The New Paper had an excellent example a couple of months ago with the mother in her late 30's who makes $1.7 million selling real estate. (I know- no degree, but you get my point about the personality)

FireIce SG

no ballpark, but agah agah range from $1,200 to $12,000, depending on industy, type of company and position

JayJay3335 SG

1st in sg, can u start yr own business?..thats the burning Q..

with them eating away most of yr profit...an entrepruenership is not really pushed due to obvious politicial reasons..

whn young, U are only made to believe that getting a degree is crucial but from that point afterwards, reality about the economy and social policies starts to bite u

what they claim is that FT help to create more jobs...but not the type of FT from 3rd world countries... FT meaning ppl Like Bill Gates, Donald Trump, Mittal

JayJay3335 SG

If a person starts buying a house in Singapore when he is 28 and lives to 78. He would have paid SG$15,000 x 4% x 50 years = SG$30,000 in property taxes.

Say this average Singaporean making SG$11,160 (p.a. after taxes) uses all his income to pay for his housing 2 bedroom HDB of SG$183,000. At mortgage rate of 5.20% (fixed rate), he would need some 37.78 years to pay off his HDB flat. On top of this loan repayment, this Singaporean would still need to pay some SG$600 (Property Tax) + SG$110 (TV Licence) = SG$710 every year.

DBS Home Loan Packages

I am not sure if you do present value of an annuity, it would be easier, else you have to manually plug the numbers into a spreadsheet.

Yr1: SG$183,000 (loan) + SG$9,516 (interest) - SG$11,160 (repayment)
Yr2: SG$181,356 (loan) + SG$9,430 (interest) - SG$11,160 (repayment)
Yr3: SG$179,626....................................
-
-
Yr38:......................

Say if an Australian making AU$26,865 (p.a. after taxes) uses all his income on an equivalent 2 bedroom condominium in Perth for AU$163,000. At a mortgage rate of 8.29% (fixed rate), he would need some 8.78 years to pay off his condominium.

http://www.banking.hsbc.com.au/utility/rates/

Y_Shun SG

At least with a degree, you get better than diploma.

FireIce SG

not always the case.

JayJay3335 SG

true, in unstable economies it doesnt work

SBS3625D SG

Moral of the story: Sign -on with SAF!

JayJay3335 SG

and become a slacker who gets farked yr entire life...
never!

No9 SG

i agree with u.

We all play different roles at different point of time.

« Previous Page