Hi,
I happen to chance upon this forum and had been reading with great interest for the past 1 hour on how many of you seem to able to plan for retirement with such ease. Can give some suggestion on how I can plan successfully?
35 year old, 100k pa
Spouse 37 year old, 120k pa
2 kids, 4 year old and 7 year old, with a stay in maid.
Staying in fully paid
hdb, current value should be about 600k, near upcoming
mrt
Driving fully paid up vios,
coe due in 2 year's time. Intend to get another entry level jap car by then.
Owns a fully paid up condo in JB nusajaya area, plan to stay for retirement
Cash + bonds + stocks (minimal) about 300k
Current household expenses about 6.5k (about 1/3 spent on children's educational expenses)
Holidays twice a year, on average about 8-10k pa
Waiting for chance to save up enough cash and affordable value to buy a bigger 4 bedroom condo unit so that my mum can stay with me, while keeping my
hdb unit.
I read that many of you are able to earn passive income that can pay for household expenses.
That is my ideal situation. How can I achieve that with my aspirations?