Quote:
Originally Posted by Unregistered
$10k a month in expenses is not excessive. This is about our household expense too.
What is networth now?
To achieve $15k per month (or $180K pa) in passive income, and with say 10% return on investment, you will need an investment capital of $1.8m.
At 5% ROI, you will need a capital of $3.2m.
At 3% ROI, you will need a capital of $6m.
All the above is not including your home!
What I advise people is - continue to use your human asset to earn money. That is, continue working. Together, (with work income and passive income) you will achieve your financial target much much faster.
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Alternatively, if you own 5 fully paid up condos worth S$1m each, you can rent them out for $3500 a month, netting you $210k p.a. That's 4.2% ROI for a capital of S$5m.