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Old 01-09-2014, 07:52 PM
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Originally Posted by Unregistered View Post
Why is everyone building passive income by liquidating assets and running to Malaysia or Thailand.

U get a shitty standard of living and u wanna spend the rest of your life this way?

IMO just spend whatever u have after liquidating, you deserved it Afterall. Don't think about passive income. That's too late for retirement.
If u wanna leave for your offspring, I suggest u don't. Cos u grew up fine without it, so will they.
I totally agree on the point of not leaving anything to your kids. You work hard from young till you are old, so spend whatever you have saved all these years. That is why you should do the lease buyback scheme, no need to leave your flat to your kids. Your kids will get their BTO flat very cheaply and they too can do the lease buyback scheme when they get old. This is the circle of life we go through.

I told my kids that I will not leave anything to them and that my gift to them is the education I gave them. They worked very hard and are now successful professionals who own their own condos. I'm proud of them. I continue to live happily in my flat with my wife.

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