Quote:
Originally Posted by Unregistered
Why not you sell your condo and downgrade to a 4 room HDB flat costing $400k?
Assuming you then have cash of about $3.6m, you can buy a high dividend yield stock portfolio giving you 5% dividend yield pa or $180k pa.
You can then retire while your wife continues to work. Your wife earns $150k pa from work while you earn $180k pa from passive income. Your combined income will then be about $330k. Should be enough for a family of 4 living in a 4 room HDB flat. You can also enjoy various rebates. |
Exactly my point. Here in this forum you keep hearing people say they are worth millions and millions including the houses they own.
Show that you really have that much wealth by liquidating it to cash of equivalent value, if not all these are just empty talk and wishful thinking at your own end.