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This Is How People Spend their Retirement Life in Spore?

Robert Half said:
Bro, 50 years old is a scary age in Sinkieland as the employability in one profession is gone. People retrain to become security guards or cleaners.

Assumingly at 50 if one still need to pay monthly housing loan plus living expenditure with 1 kid education.

At least $2,000 a month is needed & about $24,000 a year.

$360,000 is needed from 50 to 65 to cover everything.

An important note is that the last employable age for security guards is 59 once hit 60 nobody will hire you to become full-time guard only part time relief security stand-in.
Click to expand...
KNN thanks for the feedback. which means if sinkie wants to have a basic retirement at 50 he needs to set aside 660k cash with a full etirement sum inside his cpf KNN
 
Robert Half said:
An important note is that the last employable age for security guards is 59 once hit 60 nobody will hire you to become full-time guard only part time relief security stand-in.
Click to expand...

Why are so many people of the mindset that the only way to earn money is from being hired by someone.

The way to make money is not to be hired but to do the hiring instead. EG you can hire a team of 10 old farts to collect cardboard and pay them a wage. Anything more than your wage bill is then pure profit.
 
Leongsam said:
Why are so many people of the mindset that the only way to earn money is from being hired by someone.

The way to make money is not to be hired but to do the hiring instead. EG you can hire a team of 10 old farts to collect cardboard and pay them a wage. Anything more than your wage bill is then pure profit.
Click to expand...

It is very difficult to run a business as many people prefer to become a low wage employee at their 50s.

I ever thought of opening a cleaning company providing cleaners to client sites but again difficult to find customers & tough to hire people who want to wash toilets.
 
jw5 said:
When you wear belt........ you don't wear suspenders. :biggrin:
Click to expand...

Many Singapore ah peks wear belt and suspenders at the same time! Perhaps they do it for extra security in case lao gui kor.:biggrin:
 
Robert Half said:
Between the age of 60 to 90 years old, a retiree would need $300,000 saving on standby.

Assuming the overall living expenditure is $10,000 a year, excluding CPF monthly payout.
Click to expand...

If you are thrifty, spending $15 a day on food, either cooked food outside or cook yourself, is adequate, $10,000 would barely make it, but cutting corners, it can. Assuming that one, does not have old age diseases that require long term medication or periodical visits to specialist; it is enough. Your figure of $300,000 is reasonable, provided that the PAP raising GST, 4G or 5G salaries, utilities, medical costs...$300,000 will not be enough, at least $600,000.

The biggest cost one have to face each day, are indirect taxes, plus A VERY EXPENSIVE GOVERNMENT & A USELESS PRESIDENT, in which we have to pay indirectly, whether we vote for them or not.
 
Based on Robert Half’s illustration:

I think not many PMETs or lower wage workers are able to achieve a savings of $300,000 for retirement excluding monthly CPF payout.

Unless you downgrade your HDB 5-rooms flat to a 2-rooms Flexi and provided you need not pay for your children tertiary education.
 
Leongsam said:
If you want to witness expensive, useless government just take a trip to NZ.
Click to expand...

The grass appears to be greener on the other side. Believe what one sees and See what one believes.
This is NZ. Factual and true.

1534995220538.jpeg


[Look at people's comment/feedback]

images

https://www.knzb.org.nz/2017/10/03/beautiful-awards-2017-finalists-announced/
images

https://inframanage.com/recession-ends-growth-follows-the-new-zealand-experience/
 
Robert Half said:
It is very difficult to run a business as many people prefer to become a low wage employee at their 50s.

I ever thought of opening a cleaning company providing cleaners to client sites but again difficult to find customers & tough to hire people who want to wash toilets.
Click to expand...

R Half, Just get in touch with our resident John Tan, he will fix you up the net working you need to a profitable business.
 
Kopi0Kosong said:
Clean and green Singapore does not put food on the table and cash in the wallet. Maybe for seLEEcted few.
Click to expand...

Clean, green Singapore also provides abundant opportunities for those who want to thrive and prosper.
 
shittypore said:
This we pay through our arse to the Familee and his Cronies. Imagine a rubbish dumpster cost 800k sgd.
Click to expand...

PreciseLEE and that dumpster should come in handy when it's time to throw out the arrogant, incompetent, and useLEEss and used WORLD'S HIGHEST-PAID LEEders.
 
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