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Old 21-07-2015, 11:58 AM
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Originally Posted by Unregistered View Post
The truth hurts doesn't it?

Imagine if your children's parents-in-laws were like you and demanding allowance then it will be a double burden for them.

Renting out your rooms? What if they ended staying in your 4 room flat because after giving you and their in laws allowances they find it hard to fund having their own place?

Nobody knows when they will die, but studies have shown that retiring early without meaningful mental engagement will dull the mind and lead to early death.

Instead of being angry you should take another look at the views of others and see how to ensure a more financially secure retirement. Remember, we are our most important asset for generating income, not our home, not your children and not even your investment. Once you retire, you are not making use of this one important asset - yourself.

Very few people if any, are able to generate passive income that exceeds their work income. At most, they can only hope to have their passive income cover their expenses. This was what we aim to achieve.

I concur.
Can you generate 70% replacement income when you retire?
Just spend 60%, and let the other 10% taking care of inflation.

Still make children's contributions as part of your retirement income? Their in laws will also be expecting that too.

Want to rent out extra room to supplement your retirement income?
What happen your grand children want to put up a night with you?
Will your tenant feel happy when your grand children playing with you creating too much noise?
Bear in mind, tenant has his right of privacy when you rented your room to him. He pays and deserve that privacy.

What to retire rich? Ask from one child 5k, 2 children 10k. You will live like a duke.

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