You're earning a lot. Why not upgrade your social status by upgrading to a condo? Condo nowadays are getting cheaper. You can get a big condo for only $1.5m. You have enough
CPF and cash to pay in full after you sell your flat. You will feel a lot better after you upgrade.
Quote:
Originally Posted by Unregistered
I'm 47 earning 160k/pa, wife age 43 earning 59k/pa.
Have 2 schooling children.
Stayed in fully paid 4 rm HDB which worth around $440k
CPF has around 700k combine
Cash on hand around 600k
Yearly expenditure not much, estimated around 60k
Sadly, i do not have any passive income except those mere 1% interest getting from my cash on hand, which is really not much.
I'm envy to those successful ppl who can get passive income of 100k and above, i will be happy if I can get 50k/pa eventually. Wanted to invest in blue chip / REIT and get dividends but not sure where to get started.
If you have any book or tips how to get started in investing stock and get dividend, I'm all ears.
Thanks |