Quote:
Originally Posted by Unregistered
Anyway, I doubt normal workers can retire in their late thirties , it is not easy to have a paid up hdb and a paid up jb house which now must cost min 1 mil ringgit and generate 2k passive icome...maybe in their 60s or 70s, they can... |
Sure they can. If they got married and bought a BTO flat, it only cost them $200k, very cheap since it is a BTO flat. Their income will grow over the years and they would be able to pay down their mortgage fast. If they are prudent and don't spend money wastefully on cars, luxury good and expensive holidays, they could save a lot and invest in dividend stocks. So, by the time they reach their late 30s, they have a paid up flat which they can rent out and they could have a stocks portfolio of $600k, which gives them 4% dividend yield (S$24k pa or S$2k pm). So, if they rent out their flat at S$3k pm and get dividends of S$2k pm, they would get in total S$5k pm.
They don't need to own a JB house, just look at propertyguru, you can rent a house or condo in JB for RM2k pm (S$800 pm) or even less.