How Much Do You Earn? Asking Singaporeans About Income!

I ask Singaporeans how much income they earn as well as what they think are good incomes to get by in Singapore! Hope I don’t get fired for confronting my boss
📲 Get great deals and free updates: sethisfy.com/t...
【Sponsored by Moomoo Singapore】
🔥 Get free shares and 6.8%* p.a. guaranteed returns for up to 30 days! Starter Kit of up to S$970 in welcome rewards!
👉🏼 Apply here for bonus S$20! sethisfy.com/m...
*T&Cs apply for all promotions indicated. All views expressed in the video are the independent opinions of Sethisfy. Neither Moomoo Singapore or its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.

[@Sethisfy]

What do you earn? Vote here anonymously: t.me/sethisfying/1394?comment=218809 Also subscribe for more great deals and tips to earn more from your credit cards, savings account etc!

[@kcchiew4247]

I am 56 now. With take home pay close to 10k, wife is a homemaker, 2 grown-up kids, fully paid 5rm hdb(woodlands), no car. We live a comfortable life in Singapore.

[@Sethisfy]

Congrats! Sounds like a good life lived and more years to come. Thanks for sharing

[@carlylim]

Just curious. How old do you plan to retire? Do you go on holiday each year?

[@kcchiew4247]

@@carlylim In semi retirement phase now. Exclude income tax, insurances and travel expences, we spend less than sgd 400 per week. The only issue is I dont hv enough annual leave for our travelling plans.😅

[@miaomiao07]

Wow can ask what do you work as?

[@kcchiew4247]

@@miaomiao07 semicon industry.

[@hex6593]

OMG! DollarsAndCents lady doesn’t know the difference between Median and average! And still hopes to earn $20k a month! 😅 The questions on what income is comfortable etc really has no meaning without context of e individual’s age and life stage. Providend CEO gives the most sensible answers. Otherwise not really a video worth watching…

[@munster1404]

46 years old blue collar operations technician with nearly 20 years experience in oil/gas/chemical/utilities. Earning slightly less than 3K gross salary per month. Bit struggle with bills sometimes. But I try to make do with clocking more overtime although can be really tiring as I become older (physical work, pulling hoses/pipes, climbing storage tanks etc). I try to budget to the best of my ability. In my age group, I find the optimal salary for an unmarried individual is about 4.3K. This should cover savings, emergency funds, insurance, essentials and simple discretionary spending such as eating in mid scale restaurants, gifting, basic entertainment, etc From personal experience, I'm saying 4.3K is because I have earned that amount with 13th month bonus + working many hours of overtime and it has been really liberating. Less stress on bills, I can afford to go out and socialize, eat better food until I spend the money than it's back to budgeting on a

[@Sethisfy]

Thank you for your candid sharing. From what I have learnt so far, incomes can vary very greatly from person to person. At the same time, income expectations too are very different for each person. What I have observed is that the happier people are those who are content with $X, while those with $10X but want $20X are the kinds who are often the not-so-happy ones. We are all on our own journeys so thank you for choosing to share a bit of yours on my channel (=

[@gunnerstnt01]

Seriously i dont think singapore median is $4550, i believe is much lower,

[@teejiawei6943]

Are u single?

[@jesseye33]

hmmm even restaurant waiters earn 3.5k with 44h work week will that be a better career change for you considering your age?

[@nicklove3047]

In facts employer in singapore are gettting picky and spoiled and ,an example is look at the govt initiatives of 1 day wfh how many actually will follow ? Govt is losing control

[@allena3430]

Will not compare myself to those who are ultra high earning now i feel more than blessed in my current circumstances. But i will continue growing and making more. Grateful

[@teanchu]

Depends on how you live your life. 10k will be more than enough if you live at hdb, eating hawker food, taking public transport. 5k may not be enough if you drive a car, eating out at restaurant most of the time. You have to balance your capability and wants.

[@Sethisfy]

Yeah a lot of different factors and highly subjective. Which is why asking people is so fun cause of the varied answers

[@cokiboo]

How many regular folks can earn more than 10k a month without a professional degree or some degree of luck, not inclusive of investments? I used to earn more than 100k/yr when working in USA until i decided to come back to SG since my parents are getting really old. Faced age discriminations in EVERY job interviews. Didnt get a job till a yr later. Salary not even half of what i used to earn. I learnt not to compare. I did for a while and realized comparison will kill me faster if i compared myself with my numerous high flying cousins and friends. Afterall, i left SG for years before coming back and starting all over again. Luckily i started out in USA dirt poor, was forced to budget, managed my pathetic salary after the heavy income taxes, for savings, rent, utilities and expenses. Earning less than 5k/mth now, I'm debt free, flat fully paid, vacation 2x a yr, regardless of destinations. Can splurge whenever i want. Like my mum tells me, earn more, spend more. Earn less, spend less. No need a big house or car. Be contented, keep everything simple and life will be easier.

[@miaomiao07]

Maybe sales manager or investments job can get higher pay.

[@jironghuang4895]

Average doesn't affect median. Just for the 20kpm lady info pls.

[@Sethisfy]

I was considering cutting that part out but to some extent having a lot of rich people can shift the median right? 🤷🏻‍♂️

[@jironghuang4895]

​​@@Sethisfyoh well depending on the distribution. If everyone above the median earn infinite dollars while median and below at the same range, the median is not affected. lol but I think shes insinuating the average argument

[@kaizxz]

The Head of commercial don't know the different between median and mean.. or she was answering a different question? The purpose of using median was to ensure that result is not skewed toward exceptional high or low value.. What she meant by "there are people that are earning much higher averge out the median".

[@Sethisfy]

She probably thought I was referring to mean income. To be fair it was an on the spot interview with many questions so there isn’t much time to think.

[@kaizxz]

@@Sethisfy i lose count of number of falsehood in that 20 seconds period when the lady spoke. "its often reported based on average", cant find any mean income statistic on MOM website. "Different people have different average". If there is really diff average for diff people, i think the calculator most likely is faulty. Total income of 10 people = 100k, mean(Average) income is 10k. How to have diff people have diff average, got 1 person average is 5k?

[@owariz9344]

$12k no comments open source also can find out.

[@user-tn8ev9tk4j]

agreed. i think she's not great at interviews and loads of BS..

[@w990.]

I was just discussing with my friends and this video proves true. A lot of people don’t understand that concept of mean and median wage. Once again, median is the middle dude in the data set. Not the avg. With the 7 of us salary from smallest to highest the median is about $4.8k. But our mean is $6k because you have 2 that are high income earners.

[@maxlimgj]

really good content must like, ur boss must be good sport eh

[@Sethisfy]

Yes he is (hope he is reading this 😅)

[@ksy8807]

ur Boss consodered very chill and nice man

[@LonganLee]

When asked if the $4550 median income is true, the young man who is a product manager with *beep* said, "even the ST reported this number". This guy surely is a believer in state media. Bright future for this guy. He is so confident he don't even need to ask for independent audit. So many finance people are Basing on Believing and happy with it. A profession based on Believing and not reality based on audit??

[@bennytan630]

We know your bent

[@jman4good]

Good job on the interviews. Glad i wasnt there to answer your spontaneous qns😅. Btw, i have friends in their 50s making $2k as imda digital ambassador. Not sure why the salary levels are so low for these gp .

[@Sethisfy]

Are those the ones who help seniors with tech literacy? Full-time roles at $2k?

[@jman4good]

@@Sethisfy yes ...was surprised.

[@kemi_the_mathematician9585]

@@Sethisfy Hi, For me I am working as a teacher in the private sector. However my boss indicated my role as retail staff on my contract of service. So my salary after OT (54 hours work week) is S$2000.

[@user-cw4mf1ub9n]

3:12 not sure if she understood the difference between mean and median...

[@Sethisfy]

To be fair it was a spontaneous interview with quite a few questions so there isn’t much time to think.

[@daidailimchannel3760]

Have a same thought that her answer was more towards average instead of median.

[@Nahduge]

Currently 38 years old earning 8k per month. I get about 2mths+ of bonus each year too. Own a weekend car and a motorcycle together with my wife, in a 5 room hdb. Have a few expensive watches and toys which amount to 30k or so. Have one country club membership. Give my parents less than 1k each month. I think that if you dont have kids, 6k is the amount that is comfortable if you're married, even with a simple car. If single, 6k is also ok without a car. I felt comfortable when i hit 6k. When it increased beyond that, it just made it easier to save. At this point, if a promotion is offered to me, money is no longer as attractive as before and I have to seriously weigh whether the added stress is worth the increase in salary. After a certain point, mental health is more important than $

[@brandonteh9179]

i would lower the comfortable salary to 5k if single and live a simple life. to live a basic life probably need 2.5k to pay for rental, utilities, transport and food.

[@Freikorptrasher]

$4550 inclusive of bonus & AWS so real figure probably around $3500

[@ObeluStrawberry]

Dun fire him boss if u see this

[@Sethisfy]

🙏🏼🥲

[@eawtan]

@@Sethisfy no worries, if u get fired, Kelvin will hire you with big pay raise. 🤑🤑🤑🤑

[@muliyanto5097]

I confused why in singapore foreign workers tend to make more money than singaporean, like I watched another video with the same question to foreigners like indian, European, Australian they all make around 10k SGD & around 100k/year

[@cluboiz212]

Long story short, no matter how much money you earn, you will still think it’s not enough because we’re wired to live a standard where we’re comfortable with. I started with round 2k and now close to 5k and still think it’s not enough because my lifestyle change according to my income.

[@limkimyaw8980]

I don't agree with you. I have friends that earn more than a million per annum. And they are perfectly fine with their life.

[@miaomiao07]

​@@limkimyaw8980what do they work as? Is it old money or new money. Haha

[@jj-wj7gc]

need 10k-20k to be comfortable meh? when i just started out as big 4 auditor 10 years ago, my pay was 3k (take home 2.4k lmao), and can still afford to give 1/3 of it to my parents and then go 2 overseas trip lei (not SEA destinations if you’re wondering).

[@Sethisfy]

One person’s “comfortable” is another person’s “struggling”. Makes interviews more interesting because it’s so subjective 😄

[@steventay5834]

It depends. If you are married with children and your wife is not working, you will need $12000. If you are young, $3000 is more than sufficient. My daughter monthly expenditure is only $1000

[@owariz9344]

@@steventay5834yes experience speaks a lot.

[@sylves5788]

Accredited investor require at least 2million of asset and minimum income of 300k per year

[@Sethisfy]

🤐

[@meloon5876]

Not abt how much u earn, but how much u CAN save. U can earn $10k and still go around telling everyone money "not enough". Money in the millions also "not enough" for Najib, isnt.

[@Sethisfy]

Savings is indeed an important metric but we shouldn’t ignore income. A frugal person who saves 50% of his/her income can certainly do a lot better at $10k income than at $2-3k.

[@luv-nnd]

35, IT industry, make 36K per months. I spend most time in my company, , even Saturday. Why? My company provide 2 meals per day and all sort of snacks, drinks. I spend most of money on properties. I own a 3-bedder condo ( rent out for 7K per month, still paying installment) and 2-bedder condo (where I am staying, fully paid).

[@leewai]

The 2 little cows on your shoulders are cute~~~❤ like this kind of surprise arrangement

[@Sethisfy]

Sponsored by moomoo 😉

[@SuperbarE]

Just an advise... if people are uncomfortable with revealing their income, stop probing and guessing. Can notice how uncomfortable they became immediately.

[@oldcat360]

Normal regular job will not be enough in Singapore. Invest in the right one and skills to make money is the only way to go

[@txsics3916]

How to earn 20k without knowing the difference between medium and mean.

[@crystalcai6314]

Inaccurate statement by the guy saying need 10k to 15k to travel and eat in restaurant. I am earning only 5.5k but I eat at restaurant at least 5 times weekly just like last night my share of the bill was $100. Within 6 months went twice to Japan, Bangkok, turkey, Hongkong. Single tho. Will not want to upkeep a family on this salary. Selfish? Yes I am, love myself too much to spend on someone else (kids)

[@steventay5834]

If single and stay with parents, $3000 is more than enough. If married, you need $15000

[@steventay5834]

Married with kids need $15000

[@Sethisfy]

My kid $50 a month only 😸

[@stylerho6278]

@@steventay5834 are you referring to those with 2 wives and 8 kids?! How many households earn S$15,000 per month?

[@MrKevinliow88]

Actually I would say you can live very comfortably with $8k even with a family if you spend and save wisely.

[@steventay5834]

@@MrKevinliow88 $15000 is total household income. Yes. $8000 is manageable.

[@leanne2330]

I would like to believe those who expect and plan to earn more would hv the mental capacity to earn more, with or without side income. Those who can't earn more with side investments, unlikely they need or are on the 8-10k lifestyle at their 20s. Hope these young adults know, everyone needs something more, that x factor, to earn more. Not age, or job hop.

[@user-cw4mf1ub9n]

That lady (Head of Commercial) needs 20k per month to be comfortable, yet at the same time when asked about 'enough' (7:01), she says it depends on how you budget / 5k is enough. That's quite a stretch.

[@Sethisfy]

The way I see it, “enough” is lower than “comfortable”

[@miaomiao07]

I'm a uni grad so just wondering whats my potential in earning

[@wardumb]

10K? no seriously what are they spending it on? Am I missing out on life? single or married (you'd get access to subsidised housing this way) - public schools, subsidised healthcare, award winning hawker food, world class public transport. what else is needed for a comfortable life? I really have no idea if this is actually the norm, can anyone enlighten me? I'm really speechless :O

[@Sethisfy]

It’s a pretty open-ended question with a high level of subjectivity. For example, my definition of “comfortable” when it comes to getting around may be public transportation, but I have peers who would disagree and insist on public transportation every now and then, or even all the time. There are people who need/want to have a car. Then there are those who have a preference to be chauffeured and the ability to pay for that. This applies to just about everything else in life. Also, even with similar lifestyles, some may be thinking about just pure expenses. Some may think, I need to set aside at least 20% to feel comfortable spending the other 80%. Personally, I feel comfortable when I’m saving a big bulk of my income. That can also explain why some people’s ideal figure seems large.

[@wardumb]

@@SethisfyFor sure - comfort varies for different folks and totally understand. My main worry is without context it might create some form of anxiousness in folks who misunderstood this as the norm they should be striving for.

[@RodSerling-y6p]

10K month. Eat at Hawker centre, not MBS. 😮

[@jeremysng4214]

Life has been kind. It is possible to earn in sg. I own 1 condo n my wife owns one. We have more than 1M in savings. I got to this cos i hv been frugal my whole life.

[@PatienceJoy-oi1fn]

Hi.. you are doing a great job I would love to visit singapore next month But I will be needing someone with singpass that can help me fill the form online

[@cs2007new]

In the end. Nobody is sharing their incomes in this video...

[@Sethisfy]

Feel free to share! Almost 1,000 voted here too: t.me/sethisfying/1394?comment=218809

[@georgegeorge4456]

If so many youngsters are earning more than $100k per year or $20k per month why only about 6% make it to millionaire in SG included their residential property? Figures in report don’t lies. In the recent UBS report median wealth per adult was only US$104,959 which is shockingly low.

[@owariz9344]

Where is it mentioned for youngsters earning $100k?

[@georgegeorge4456]

U go to 10:00 in the video that Golden hair youngster $100k per year. And that young lady expect it is normal to be $20k per month.

[@owariz9344]

@@georgegeorge4456 I see .. 100k is not hard but 20k means at least 240k.. unless is commission based or specialised tech. It may be just an ego reply.

[@MrKevinliow88]

Well there are still many people struggling to earn above $4k but nowadays the younger generation being much more well educated can get starting pay of above $4k.

[@5canwalk]

Every time I come here, I get a reality check. Sobering.

[@Sethisfy]

😧 Is that a good or bad thing

[@LonganLee]

❤Let me invite any of you Finance people how good you are in finance related topic called GDP. How do you prove this figure from an Independent Audit perspective? You cannot. Its either you Want to Believe it or Not. So who knows your numbers? I found that , and you too can do the same, no one we know has ever proven the gdp based on independent audit. This challenges your assumptions. No finance or economist lecturer has ever taught their students this. Disclaimer: i also prefer to not have to believe/dont believe the gdp. I would love that gdp reported must always and can always be accurate /true. But fact remains, i have yet to find any economist who has proven the gdp , a statistic they cite everyday in their work. By proving, i mean audited by an auditor independent of the establishment for obvious reasons. Questioning is not allegation. Its based on the fact that something is not proven in said way and something unanswered. It does Not mean the gdp is inaccurate or faked. It is what is and i challenge anyone to challenge me.

[@taychikeng]

Sponsored message, now still need wear costume ah. 钱难赚

[@Sethisfy]

Ya sia. I wear two cause kelvin wears one. Money really hard to earn!!

[@Ko911ed]

To the Head of comm at dollarsense, u had better move on.... 😮😮

[@Sethisfy]

why so many picking on her ah 😥

[@Ko911ed]

@@Sethisfy she's giving the vibes that she's not satisfied with the renumeration she's getting, plus still having to work on weekends at events.... or maybe I'm just too sensitive ...or maybe u could give them more time to reply... I'd suggest she go search for better opportunities, if she has little commitments... even gg for regular interviews will probably make one more aware of the opportunities around... Anyway sg is a small place,but we have probably the highest pay disparity in the world....so most ppl will feel and see the effects of this...

[@owariz9344]

@@Ko911edI think it more of a not so convincing speech from her. People might expect more from head.

[@xfall86]

Knn i have peers earning 50k+ leh under 40yrs old. Private equity/IB md level. Dont compare is best

[@Sethisfy]

My personal take is comparison in moderation 😄 Can be useful for providing motivation/benchmarks, can be negative if it discourages a person.

[@chaltier2012]

Seth, what is your income?

[@Sethisfy]

Stay subscribed for updates 😹 sethisfy.com/telegram

[@gasohwjchen]

Just DCAs BTC. Btw, what's ur income? 😂

[@woone]

Qn shd be, will it ever be enough?

[@AK-xk6ch]

Pointless. If he or she can earn $50k , does it means you can do it too?

[@Sethisfy]

You can try googling “pay transparency”

[@1MW9]

such audacity

[@wen1ah]

the lady ideal $20k pm.. may have an acct in edmw :p

[@BoonTee]

"Just my video LOL"

[@Sethisfy]

Not bad watch till the end 🥲

[@JSLJSL-d8e]

4550 is low income already. Median income should be 7k to 10k.

[@13skyburger]

lolz..20k a month