Happy new year everyone!

I'm 47, my wife is 40. I earn $5k pm and my wife earns $4k pm. We are happy to live in our new EC. Now it is worth $700k. We sold our flat and upgraded to the EC. We still have mortgage loan of $300k. We aim to clear our mortgage in 15 years time.

We enjoy living in our EC as we feel safer and love the pool and gym. We also feel a sense of prestige living in our EC.

We are lucky to sell our flat at a good price and because we bought it cheap, we make a lot of profit. That is why we can afford to upgrade to an EC. We hope our EC will go up in value so that we can sell it when we retire and make money again.