When you retire at 65, your EC would be worth at least $3m. Both your salary will increase and you can both save at least $200k per year. So in 35 years time, your wealth will be $10m. Why worry?
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Originally Posted by Unregistered
Hi
My spouse and I are 30 years old, with combined income of about 120k pa (exclude bonuses). We both worked for the civil service.
Bought an EC at Punggol in early 2012, for about $800k, expected TOP in 2015, with bank loan of about $600k. Planning to get a 2nd hand car when house is ready, yearly holidays and probably kids in a few years time.
Not sure if we are able to live comfortably with our finances? For your advise and comments please.
Thank you.
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