Here’s an extract from the radio:  ,
Andrea Heng:  ,
So I wanted to briefly discuss what you mentioned earlier, specifically the pay. And I know it’s important to give myself, but how do I determine this, particularly when… some time we’re earning$ 1000, some weeks we’re earning$ 30, 000. And yes, we should be planning with a month’s salary in mind, but how do we really pay ourselves a income when the income is inconsistent? How do we handle this?
Chuin Ting Weber:  ,
How fine are you as a consultant, in my opinion, is the main issue you must address? And how much money is you really make? And in reality, it’s a mentality that has nothing to do with the cost side rather than the money side. If you spend, say,$ 25, 000 a year on your basic expenses, you should be able to generate income of$ 50, 000. I do n’t even mention CPF. If you ca n’t achieve that, you’re going to be very stressed … So that means that if you really think that in one year, you’re going to have$ 50, 000, and you should have a good sense of that, then you should not be spending more than, let’s say$ 2, 000 a month. And if that’s not possible, you might want to hold off on entering this place.  ,