How much money or how many BNB do you need to live comfortably in Singapore?

I once wrote a tweet about the cost of living in SG. If you live as a non-citizen or PR without children, the monthly living cost can be compressed to around 2,200 SGD, which is around 12,000 RMB or 1,700 USD in fixed costs.

This includes 1,000 SGD for rent (shared housing), 20 SGD for daily meals, 200 SGD per month for utilities, broadband, and phone cards, along with insurance. Not having insurance in Singapore can be quite terrifying, averaging around 200 SGD per month.

Currently, the minimum salary requirement for an EP in Singapore is 5,000 SGD, which is 27,000 RMB or 3,800 USD. Therefore, you need to have at least 5,000 SGD in your account to pay yourself a monthly salary. Besides salary, there are other expenses, such as taxes, which are 1,950 SGD paid once a year, equating to about 162.5 SGD per month.

Adding some toiletries, the average monthly expense reaches 200 SGD. This brings the total expenditure to 2,200 SGD, which I calculated should be the minimum cost of living; going lower would be quite difficult.

The traditional bank savings interest rate in Singapore is around 3%. To achieve a passive income of 2,200 SGD, you would need to have 880,000 SGD in deposits, which is equivalent to 4.8 million RMB or 640,000 USD.

It seems like a considerable amount. If we look at the crypto world with a 10% return, about 200,000 USD would suffice. A 10% stable return on 200,000 USD can still be managed, though it can be a bit tiring. For example, doing arbitrage on the USDT and FDUSD exchange rates while also earning from LaunchPool can achieve an annualized return of about 10%. Alternatively, 400 #BNB can basically secure passive income.

This should be the minimum requirement. If we consider a normal personal lifestyle, independent rooms, and slightly higher quality of life with some social needs, then 5,000 SGD per month is necessary. In fact, two adults living together can save more. If you want a more luxurious lifestyle, 10,000 SGD per person can provide a decent living, although it may not allow for nightly parties, but basic dating expenses can be covered.

The cost required for a monthly expenditure of 5,000 SGD would need 460,000 USD in disposable stablecoins, or about 1,000 BNB. For a monthly expenditure of 10,000 SGD, you would need around 920,000 USD in disposable stablecoins, or 2,000 BNB, or 1,000 BNB along with about 500,000 USD in deposits.

If you want to enjoy the freest life in Singapore and party every night, you would need around 80,000 SGD, and even at a lower standard, you would need around 50,000 SGD in monthly expenses. This means having at least nearly 5 million USD in disposable stablecoin assets to live comfortably. Of course, trading is not counted since nobody can guarantee a 100% profit, though 10% is not too much.

Owning 20,000 #BNB basically allows you to live a carefree and extravagant lifestyle in Singapore.