<![CDATA[household income]]>having a household income of $10k does it consider a high household income or middle range?


It seems that alot of my friend falls between $8k to $11k and gov seems to forget this range of pple on the list.

How much is consider low, middle or high income?

:x

]]>https://forum.kiasuparents.com/topic/9022/household-incomeRSS for NodeTue, 21 Apr 2026 08:32:45 GMTTue, 23 Feb 2010 03:06:43 GMT60<![CDATA[Reply to household income on Fri, 26 Feb 2010 16:06:52 GMT]]>No . . we're actually talking about Household Income (don't forget πŸ˜„ ). So all of us have gone off-topic

]]>https://forum.kiasuparents.com/post/132001https://forum.kiasuparents.com/post/132001Fri, 26 Feb 2010 16:06:52 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 09:38:22 GMT]]>

sleepy:
Eagle-Ladybird:



Buy a $2mio property to stay, fully paid from day 1 πŸ˜„

Question is how to earn $2M to start with
in order to fully pay for that $2M property from day 1 πŸ˜‰

Talking about if strike the $10mil toto.

]]>https://forum.kiasuparents.com/post/131816https://forum.kiasuparents.com/post/131816Fri, 26 Feb 2010 09:38:22 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 09:30:03 GMT]]>

Eagle-Ladybird:


Buy a $2mio property to stay, fully paid from day 1 πŸ˜„
Question is how to earn $2M to start with
in order to fully pay for that $2M property from day 1 πŸ˜‰

]]>https://forum.kiasuparents.com/post/131808https://forum.kiasuparents.com/post/131808Fri, 26 Feb 2010 09:30:03 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 08:57:59 GMT]]>Let me put it another way, another perspective (no harm dreaming a bit) :


Buy a $2mio property to stay, fully paid from day 1 πŸ˜„
Buy another property $3mio, and rent it out (should get you anything from $7k/mth up).

Balance of $5mio, even if managed conservatively at 2% gives you $100k a year.

So all in, $184k income per year, with no housing instalments (which is almost, always the largest outlay). As time goes by, both your property increases in value, even if your $5mio gets eaten up by inflation.

Now can you imagine if you manage your $5mio more actively to grow at 5% or 8% p.a. Decent life isn't it ? πŸ˜„

So, the point is to aim for High Net Worth, and high income will follow. If one can accumulate such wealth, and manage it smartly, life can be a little more comfortable.

I definitely do not subscribe to the believe of money creates an evil person. In fact, the lack of it, many a times drive one into some unbelievable acts.

]]>https://forum.kiasuparents.com/post/131777https://forum.kiasuparents.com/post/131777Fri, 26 Feb 2010 08:57:59 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 08:29:49 GMT]]>

lovekidsverymuch:
wow good maths that makes 10 million real good money leh

$10mil will give you about $25K/mth just on savings interest alone.

]]>https://forum.kiasuparents.com/post/131730https://forum.kiasuparents.com/post/131730Fri, 26 Feb 2010 08:29:49 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 08:19:36 GMT]]>

MMM:
We were like 10 million is x number of years salary and it will probably be depleted before we are old?

It's situational, depending on the amount of expenses and rate of growth. S$10mio can last a lifetime, if managed well. With a conservative 2% growth, the capital sum of S$10mio gives you S$200k a year.

So even if you do nothing and spend S$200k a year, you will still have S$10mio at end of your life. Just that the value of S$10mio then, would have shrunk πŸ˜„

]]>https://forum.kiasuparents.com/post/131717https://forum.kiasuparents.com/post/131717Fri, 26 Feb 2010 08:19:36 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 08:18:17 GMT]]>

mummy of 2:
nettie:

Investment is always good but well.. you must invest the right time. and when is the right time? 😐 :idea: :?


This is the million-dollar question. if you have the answer, as good as having a million dollars πŸ˜„

i disagree

if you have the answer, you have a lot more than just a million. πŸ˜‰

]]>https://forum.kiasuparents.com/post/131716https://forum.kiasuparents.com/post/131716Fri, 26 Feb 2010 08:18:17 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 08:06:37 GMT]]>

nettie:
Investment is always good but well.. you must invest the right time. and when is the right time? 😐 :idea: :?

This is the million-dollar question. if you have the answer, as good as having a million dollars πŸ˜„

]]>https://forum.kiasuparents.com/post/131697https://forum.kiasuparents.com/post/131697Fri, 26 Feb 2010 08:06:37 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 06:28:50 GMT]]>hahaha... if we do our homework right.. then we should know what are we buying :P. some people like my aunt, they buy because they heard that this stock is good potential and all the good things. At the end of the day, ferrochina is dead! 😒


Investment is always good but well.. you must invest the right time. and when is the right time? 😐 :idea: :?

]]>https://forum.kiasuparents.com/post/131549https://forum.kiasuparents.com/post/131549Fri, 26 Feb 2010 06:28:50 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 06:27:18 GMT]]>

lovekidsverymuch:
Busymom:

So if one has excess cash, what is the best investment to put that excess cash? :?


Property (when prices seem to have gone crazy) or stocks?

take a vacation with kids to europe πŸ˜›

good advice. A family vacation is one of the best \"investments\" ever!

]]>https://forum.kiasuparents.com/post/131548https://forum.kiasuparents.com/post/131548Fri, 26 Feb 2010 06:27:18 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 05:50:17 GMT]]>So easy to say buy when others are scared. Having gone through the latest round, what I can say for myself is that when times look really bad, I feel scared to dump more money into stocks.


Personally I don’t like to buy and sell the same stocks too much…excessive churn only creates profits for the broker. And I’m the scaredy type - I never shortsell, and will make sure I have enough to pay for what I got.

For now, am holding to those I have…hoping those stocks in red will become black, and those black will become…ummm, bold?

]]>https://forum.kiasuparents.com/post/131530https://forum.kiasuparents.com/post/131530Fri, 26 Feb 2010 05:50:17 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 05:32:37 GMT]]>I buy only blue-chips too, whether market is up or down, they stay in the portfolio... not that I am a long-term investor, but because I'm always late (when I suddenly thought of selling, the market has already dropped :lol: :lol: cos' I hardly monitor them).


But late 08 and early 09 was really the time when I traded a bit (for fun!)... and boy, even after buying and selling so many times, still make just so-so money, definitely not enough for a living πŸ˜› (but then I was also very conservative, buying only blue-chips).

Right now, kind of think it's not the best time to invest long-term yet. Maybe some people would :heresmyfish: me for saying this...

]]>https://forum.kiasuparents.com/post/131495https://forum.kiasuparents.com/post/131495Fri, 26 Feb 2010 05:32:37 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 04:18:38 GMT]]>The concept of investment can be easily obtained by just buying some top investment guru books ~$20-$100 or by attending their talks which can be a few Ks.


But the most important is how to control our emotional during the investment process or during the up and down cycles. There are always this greed and fear that lead us to make mistakes in investment.

If everyone can be follow what the gurus say, then there will be no low and middle income groups.

]]>https://forum.kiasuparents.com/post/131433https://forum.kiasuparents.com/post/131433Fri, 26 Feb 2010 04:18:38 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 03:41:58 GMT]]>

nettie:
do our homework and invest in Stocks-Blue chips or property.


I heard this on the CNN...

When pple are buying, we dun buy and we should be scare. When everybody is selling, please buy more. πŸ˜›
Good advice, nettie....but when people start selling, sometimes too scared to buy too...coz can go lower! :roll:

Herd instinct mah...easier said than done but we sometimes need that internal clock, plus discipline and insight to see what is a \"fair price\" coz you definitely win some and lose some! :xedfingers: win more than lose πŸ˜‰

]]>https://forum.kiasuparents.com/post/131417https://forum.kiasuparents.com/post/131417Fri, 26 Feb 2010 03:41:58 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 03:37:06 GMT]]>do our homework and invest in Stocks-Blue chips or property.


I heard this on the CNN...

When pple are buying, we dun buy and we should be scare. When everybody is selling, please buy more. πŸ˜›

]]>https://forum.kiasuparents.com/post/131412https://forum.kiasuparents.com/post/131412Fri, 26 Feb 2010 03:37:06 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 03:25:36 GMT]]>So if one has excess cash, what is the best investment to put that excess cash? :?


Property (when prices seem to have gone crazy) or stocks?

]]>https://forum.kiasuparents.com/post/131402https://forum.kiasuparents.com/post/131402Fri, 26 Feb 2010 03:25:36 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 03:05:38 GMT]]>own biz.

]]>https://forum.kiasuparents.com/post/131374https://forum.kiasuparents.com/post/131374Fri, 26 Feb 2010 03:05:38 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 02:53:26 GMT]]>For us, we maintain a min liquid or semi liquid savings equivalent to about 6 months expenses.


Liquid savings will be equivalent to about 2-3 months’ expenses. The rest will be in semi liquid form. My definition of semi-liquid are those that are invested but can be taken out with short notice and does not incur capital loss in the process. Like those in fix or term deposit or endowments.

We do not believe in leaving money to idle in the bank.

After I left the corporate world, I realise that I was a bit like the frog in the well. I was working in MNCs all the time and naturally, most of my peers are in similar jobs and have similar earning capacity. So I thought that is the average. Only after leaving the corporate world did I get to see other spectrums and realise that that is not the norm.

]]>https://forum.kiasuparents.com/post/131358https://forum.kiasuparents.com/post/131358Fri, 26 Feb 2010 02:53:26 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 02:44:35 GMT]]>

kaitlynangelica:

Skunk,

I don't agree with this. Why should more savings lead a perspon to become arrogant?
U don't have to agree. I've seen with my own eyes how money changes people. Take everything away from someone, see him crumble. Give him $100M and see him crown himself God.

Once again, I'm not saying don't save....savings are good, but not excessively. Spending wisely is wiser than saving wisely hehe.

]]>https://forum.kiasuparents.com/post/131351https://forum.kiasuparents.com/post/131351Fri, 26 Feb 2010 02:44:35 GMT<![CDATA[Reply to household income on Fri, 26 Feb 2010 02:41:00 GMT]]>

ks2me:
Don't mislead la, skunk, you are probably shrewd with your financial management, so to do what you are doing is possible for you only.

I'm not saying not to save....but not to save excessively. 6 months to 1 year of combined income is enough. Money invested in a better property, insurance, music/martial arts/swimming/art classes for the children, a family holiday for everyone to bond, more nutririous food on the table, all these I rather than just keep it in the bank. That's what i mean by good spending πŸ™‚ I see little value in money in the bank.

]]>https://forum.kiasuparents.com/post/131347https://forum.kiasuparents.com/post/131347Fri, 26 Feb 2010 02:41:00 GMT<![CDATA[Reply to household income on Thu, 25 Feb 2010 14:56:05 GMT]]>

kaitlynangelica:

For those ppl that I have seen in the course of my work, their liquid cash savings actually far exceeds that amount and I am thinking, my gosh, when can I get there?
you mean liquid cash as in cash excluding $$ in insurance(cash value), Funds, stock etc?

Actually if it is the combine savings for two including investing instruments then may be it is not be so far from a decent target for mid or late 30s people. Assumming the sum is the combine savings for retirement and kids education.

]]>https://forum.kiasuparents.com/post/131084https://forum.kiasuparents.com/post/131084Thu, 25 Feb 2010 14:56:05 GMT<![CDATA[Reply to household income on Thu, 25 Feb 2010 14:45:54 GMT]]>

kaitlynangelica:
In fact, that sum of money will deplete very fast ( maybe in 3 years ) time if one no longer has a source of income.


Just sharing my views...........
Was having this conversation with hubby on what would we do if we strike S$10Million angpow draw? We were like 10 million is x number of years salary and it will probably be depleted before we are old?

So I told him that, if he strike $10MM, let's continue to work. But at that point, we are working not because of money but it is to pass time and interest, so it's less stressful. Well... better still get a retrenchment package closer to retirement age, then we can really enjoy life after that. Haha... we are just dreaming. I didn't buy those ang pow draw. Cannot even strike $60 how to strike $10MM???

]]>https://forum.kiasuparents.com/post/131076https://forum.kiasuparents.com/post/131076Thu, 25 Feb 2010 14:45:54 GMT<![CDATA[Reply to household income on Thu, 25 Feb 2010 14:29:28 GMT]]>

kaitlynangelica:
skunk:

For me and my wife, we do not save alot. We only have enough savings to tide us 6 months, should we both be out of job.


We do not believe in excessive cash savings. Excessive cash savings will give a person the false illusion that he/she is self-sufficient, \"independent\" lol and gradually, this person will become very arrogant. We believe God provides and we live our life to this belief. Our duty is to spend the money in meaningful ways, not let it grow mushrooms in the bank πŸ™‚ hehe

Skunk,

I don't agree with this. Why should more savings lead a perspon to become arrogant? yes god provides but I think we should also be good stewards and save up for a rainy day.

Yeah I agree it has to start with savings.. If there is no savings, how do you even start to roll? :lol: Don't mislead la, skunk, you are probably shrewd with your financial management, so to do what you are doing is possible for you only.

]]>https://forum.kiasuparents.com/post/131059https://forum.kiasuparents.com/post/131059Thu, 25 Feb 2010 14:29:28 GMT<![CDATA[Reply to household income on Thu, 25 Feb 2010 14:25:27 GMT]]>

skunk:
For me and my wife, we do not save alot. We only have enough savings to tide us 6 months, should we both be out of job.


We do not believe in excessive cash savings. Excessive cash savings will give a person the false illusion that he/she is self-sufficient, \"independent\" lol and gradually, this person will become very arrogant. We believe God provides and we live our life to this belief. Our duty is to spend the money in meaningful ways, not let it grow mushrooms in the bank πŸ™‚ hehe
Skunk,

I don't agree with this. Why should more savings lead a perspon to become arrogant? yes god provides but I think we should also be good stewards and save up for a rainy day.

]]>https://forum.kiasuparents.com/post/131056https://forum.kiasuparents.com/post/131056Thu, 25 Feb 2010 14:25:27 GMT