In my line of work...
...How much is enough?
Assuming a fresh grad earns $2,500 a month, being self employed means you lose out 14.5% of employer's contribution to your CPF, which means I must earn $2,950 approx to be on par.
On a desk bound job, transport are kept minimal. Being a outdoor salesman, travelling by public transport will set you back by at least $300 a month, assuming most trips are by bus and train, or $1,200 if you drive. Entertainment expenses should be another $150 to $1,000 depending on the scale of business you do.
I should go out and take a desk bound job if I am not drawing $3,400 a month.
...How much is enough?
Assuming a fresh grad earns $2,500 a month, being self employed means you lose out 14.5% of employer's contribution to your CPF, which means I must earn $2,950 approx to be on par.
On a desk bound job, transport are kept minimal. Being a outdoor salesman, travelling by public transport will set you back by at least $300 a month, assuming most trips are by bus and train, or $1,200 if you drive. Entertainment expenses should be another $150 to $1,000 depending on the scale of business you do.
I should go out and take a desk bound job if I am not drawing $3,400 a month.
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