Benchmarking Salaries, Savings Rate and Networth

[taylorjr94]

@ralphalvarezz you could double it if you include EPF. cos EPF is extra 23% min.

 

[taylorjr94]

(also mods don't let me share pictures so oh well)

 

[taylorjr94]

Another useful summary, how savings rate and increment rates influence NW over time, at 5 year snapshots.

https://imgur.com/a/vYZfkZe

 

[trm16]

@taylorjr94 can share sheet pls?

 

[taylorjr94]

@trm16 uh fairly easy actually. just add salary x savings rate. then nw x rate of return.

then add the current year savings + returns to ur prior year nw. just some simple formula and u'll get there easy.

 

[tkchapin]

@taylorjr94 I think you should use the salary from the various salary surveys around like job street or Kelly’s . It varies versus industry .

I think it’s possible to be SM at 10 years time or earlier but you have to be outstanding at your work and capability. It’s the same as business man who are successful . It really depends on you