Can i know what or where is your source of data for the claim that locals living in condos and having cars are top 10% ?
I dont get the same impression from reading the statistic of Singapore website but willing to learn more . thanks
Quote:
Originally Posted by Unregistered
You are indeed enjoying the UPPER MIDDLE CLASS lifestyle. You are among the top 10% of locals who are living in condos and own cars.
You will be able to retire easily at 65.
1. Go for the enhanced cpf life. You will get $3500 pm as a retired couple.
2. Sell your big condo and move to a studio condo.
3. From your downgrade, you will get cash and plus your savings, you should have $1m to invest in 5% dividend yield blue chips giving you $50k pa or $4100 pm.
4. Your kids will each give $500 pm for you and $500 pm for your wife. If you have 2 kids, you will get $2k pm as a couple.
5. So, as a couple, your passive income is $9600 pm or $116,000 pa. I'm sure this is more than enough for an old couple. If you just spend $60,000 pa, you can save $56k pa which you can reinvest to give you additional dividends. |