44, male, unemployed. Still looking for relevant work. Don't want to work as taxi driver or security guard as I am a graduate. Forced to resign due to office politics.
Own HDB flat, fully paid, now worth $800k.
Wife working, earning $4k a month.
What should I do now?
Should I swallow my pride and drive a cab? This would be very painful for me.
Or sell my HDB flat and buy a cheaper, smaller $300k flat so that I have about $400k to spend on? I need $2k a month to cover my family expense deficit or $12k a year. $400k can cover that deficit easily for 16 years. In 10 years, my kids would be independent and our expenses can be cut back significantly.
Any financial guru here to advise?