Quote:
Originally Posted by Unregistered
We're a couple in our mid-30s with 2 very young kids. We drive a Jap car. Condo fully paid-up: $4.5M. Our combine income = $160k/yr (include all bonuses etc.) $300K cash.
Most assets, be it cash/properties, was handed down to my wife by her late parents.
Passive income:
1. 2nd condo ($1.6M ~ loan fully serviced by rent of $4K/mth) = $0 income
2. shophouse ($2M+) = $9K/mth
3. $700K shares = $1-2K/mth (estimate, never count returns as shares were inherited)
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You are very lucky to have married your wife. Her inheritance is probably throwing off more than your combined earned income. Guard the inheritance wisely.