Originally Posted by unregistered

in today's difficult global economic environment, made worse by brexit, we must be flexible. If you are a retrenched engineer in your 30s or 40s, married and has children to support and cannot find a new job, then you need to look at options which can at least give you some income. You can become an uber or grab driver using your own car. Better than a taxi driver as not many people will know.

If you are already in your 50s and you have no more dependents, you can consider retiring in neighboring countries like malaysia or thailand. You can rent out your fully paid hdb flat for $2500 pm. After you convert to rm, you get rm7500 pm. You can live in luxury. You can rent a 3 bedroom condo in kl for only rm1500 pm. If you want to retire in thailand, you will get thb65,000 pm. That's a huge amount for a retired couple.

So, don't worry. As long as you have fully owned your hdb flat, you have a good asset to allow you to earn income and retire.