You have done well since you own both a condo and a car. If you own these, you are among the top 10% in Singapore. Congratulations!
When you retire, if you sell your condo at $1.5m, you can become a multi millionaire if you convert to RM. You will get RM4.5m! With this amount of money you can retire like a business tycoon in Malaysia. You can own a big house, a big car and can employ two maids and a driver.
If you retire in Thailand, even better. You can own 3 big bungalows, own 3 big cars and employ 6 maids and 3 drivers.
Huat Ah !!!!!!!!!!!!
Quote:
Originally Posted by Unregistered
49, income $7450 pm (annual/12), savings $1300 pm
Here's my expenses
Condo mortgage $1200 pm
Car loan installment $1000 pm
Car related expenses $1000 pm
Parents allowance $800 pm
Insurance $800 pm
Utilities and Internet $350 pm
Food and misc $1000 pm
Total $6150 pm
Spouse, 47, $7000 pm, savings $1100 pm
Expenses
Condo mortgage $1000 pm
Groceries and food $2000 pm
Parents allowance $600 pm
Insurance $800 pm
Kids $500 pm
Misc $1000 pm
Total $5900 pm
Any comments on our expense items? Too much? Too little? Ok?
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