Salary.sg Forums - View Single Post - How much are you earning per annum?
View Single Post
  #10335 (permalink)  
Old 01-08-2016, 11:27 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
He was providing very good advise. But good advise is often hard to accept.

$150k pa is not a lot. We should live within or better still, below our means. Living in HDB is not a loss of face. Many families with much higher incomes are happily living in HDBs.
He did not provide good advice. He is either stupid or jealous.

$150k pa is not a lot but the point is, the guy has no more condo mortgage. His mortgage service ratio is ZERO. So he is totally ok financially to enjoy living in his condo, which offers prestige, facilities and security. His $150k pa household income still allows him to save every year. Not forgetting, his CPF can grow because no more mortgage to pay. So, what's the problem? There is no problem.

He is better off financially that those with income of $250k pa but burden with $1m mortgage!
Reply With Quote