Quote:
Originally Posted by Unregistered
You must be one of those who caused Singapore's financial literacy score to drop drastically last year.
The guy with 250k pa and 1m mortgage is clearly better off. In 10 years time his condo will be fully paid and every year he has an extra 100k which is 2/3 of that guy's pa income.
That said, some people are satisfied with a simple life and we should applaud them for that. It takes a matured individual to know your place in society and to be contented with what you have, rather than striving to own more and more worldly possessions.
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This is a stupid comment. The guy will have to pay interest. Also the 250k income will come with higher personal income tax. He can't clear his mortgage in 10 years time for sure. In 10 years time, the guy with 150k pa income would have grown his
CPF and retire by 55.
Your financial literacy is worse than a primary school kid.