Quote:
Originally Posted by Unregistered
yes enjoying the journey is the most impt for both of us. We hope we are still doing ok with 10k savings after these 2 milestones.
what is the normal amount that people have after marriage and HDB? |
Normal ? Super -ve networth (if you just consider your
HDB debt) vs your free cashflow. My rationale is that
HDB "value" is not an asset that can be monetise to free cash flow. Even if u sell, you need to find another place to stay and hence still cash negative.
However, the
HDB is a real liability as it has to be paid and will hit
CPF savings and free cashflow and will impact networth building.
From now til you achieve a real free cashflow (ie excess cash above your
HDB debt), there are many paths to building your networth.
Most conservative - Repay
HDB debt aggressively and build
CPF to earn interest.
Aggressive - Invest in equities etc.
Super aggressive - Buy another home for rental . Not for the faint hearted especially in these days. May also not be best option now.
The good thing is everyone is on the same track unless they have inheritance.