MAN CELEBRATES HIS $100K SALARY AFTER JOB HOPPING FOR 4 YEARS

Is a 100K p.a salary considered a lot for a young person?

After more than 4 years in the workforce, a couple of job changes, countless hours of overtime and sacrificing social and family time, I have finally reached the magical 6 figure salary.

Initially I thought it was something worth celebrating. But then reality sets in when I realize that it may not be a lot as I thought. Some fresh grads can easily get this in their first jobs out of school.

It’ll need more than 10 years of my salary to afford a small condo or at least 8-9 years salary to get a good centrally located resale flat, not even counting interest charges and expenses to support a family, get a car etc.

Here are what netizens think:

• That’s too low. Always ask for salaries that match cost of living and more. Also depends on job. If you have to put up with a lot of crap from different people, make sure you get a lot more money to make up for this.

• Also, I’ve used my example because the UK is already considered a first world country with high prices being a big problem. Almost everywhere else even in Europe people scream when they hear how expensive houses are in the UK, yet the average suburban property is cheaper than a hdb pigeon hole. I know it’s not the size of the house that matters, but I’m just saying that I’m not living on this world just for making more money for a house I don’t have time to be in. If I have to work overtime year round and lose my life just to be fit to live in the ‘really nice and safe’ place, effectively that car and house price IS the safety tax. I left not because I gave up on SG, but because Singapore gave up on people who have priorities like mine. And given the size of the island and the needs of the well-off, I don’t blame them.

• How well-off someone is depends on the context of society. I earn less than half of your wage level in the UK on the first year of my first job. I’d only need to save up about 40-60k sgd down payment to get a condo flat, slightly more for landed. So I can buy a house in a couple of years working a fresh grad job funding it alone.

• That amount earn in one year convert to RM can get a very decent landed property in JB.