Quote:
Originally Posted by Unregistered
appreciate the advice, i think paying down our mortgage is the best option. once we finish paying, it will be ours and it becomes an asset. we can then rent it out when we reach 65, by then hdb rental would be at least $6k per month (in 30 years time) and we can retire in malaysia. i don't want to drive a taxi as this is a big insult for a highly educated degree holder. i rather retire in malaysia, thailand or even indonesia than to be seen by my senior executive peers driving a taxi. i will die out of shame.
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Are you really a "highly educated degree holder"? Pardon my frankness as your thoughts has cast serious doubts and is worrying.
Driving a taxi gives an honest income and the flexibility to manage your life better. Your current earnings of $50k pa is not outstanding and not far off from a cab driver's pay, yet I believe your working hours are tied down by your Company. I've known of some cabbies who are property or equity investors.
If you are indeed a degree holder with such shallow thinking, then I'm not surprised that in your mid 30s, your income is only $50k. It's time you do some serious thinking.