Average Joe,
You are in deep sh.it. Who is your stupid financial advisor?
You are super overleveraged. You must sell what ever you have to reduce your debt.
If you are living in a condo, you better sell and buy a 4 room
HDB flat.
When interest rates rise, you will be in big trouble.
Don't listen to foolish people.
Quote:
Originally Posted by Unregistered
I'm an average Joe, keen on picking the brains of the many successful people here.
Debt= 1.2 mil
Savings= 150k
Income= 120k p.a.
Passive income: 80 k p.a.
I wonder if this is the time to deleverage. As you can see, I'm rather highly geared vis-à-vis my relatively low (work) income.
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