To be honest if you like driving and want a car and have the finances for it then just go ahead, why so concern about what others think or image etc. You're only young once and just do what you like so long as its within financial reason.
From your income I don't really see how you can acquire that many properties thru the cost save of one car (unless you wanted to buy a Lambo). Did you coinvest with others or with relatives or have other sources of income?
Ps Like you I'm similar aged, hold a regular job 100Kish job, multiple property with parents assist. I got a car cause I like driving. My colleagues don't even know what I drive unless out of good will I give them a lift.
I will say your current asset base for your age is something to be proud of. But I don't agree with the part you mention about not driving though. To me its no connection.
Quote:
Originally Posted by Unregistered
Age: 33
Total income (2013): 127K (job) + 37K (rental income) = 164K
Property: condo (home), investment property 1 (rented out), investment property 2 (rented out). Value of all properties: 3.2M. Mortage remaining for all properties:0.85M
Cash + shares: 100K
CPF (OA+SA+MS): 155K
Car: NIL
Children: NIL
Proud of: Not owning a car despite the pressure to, from image point of view - Its only thru not buying a car that I could have owned multiple properties at 33 and with a not v high paying job.
Worries: Everyday I think about how to reduce my tax, and how to grow my nest egg. Its going to be more difficult to have children.
Regrets: I should have had children earlier. I should have spent less on branded goods, holidays and dining out when I was younger. Then could have bought another property ~
Tired of: walking and taking bus when it is raining  |