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31-05-2013, 02:57 PM
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Quote:
Originally Posted by Unregistered
I was retrenched one year ago. I was earning $6.5k a month. Luckily my wife is working and she is earning $6k a month. I managed to survive from my passive income from my condo rental which gives me $3k per month. The investment condo is fully paid up. Before the retrenchment, even though our combined income was $13.5k, our expenses were $8k a month and we saved $5.5k a month. After my retrenchment, our combined income is now $9k a month. We reviewed all our expenses and removed some luxury, unnecessary expenses and managed to trim down our expenses to $6k a month. Our savings now is lower at $3k a month. I spend a lot of time with my family, taking care of my kids and educating them good values. They also love me more and I'm actually feeling healthier and happier. I realized that having so much money but at the expense of my family is not good. I see other families who are richer but their kids don't respect their parents and these kids are wild and indulged in sins such as gambling, smoking, drinking, loose moral values.
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Fantastic! The fastest way to work life balance is through passive income from property.
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