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Old 01-11-2016, 01:42 PM
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Originally Posted by Unregistered View Post
So many rich ppl here..

I am 40yo and wonder if I'm doing fine.. worried abt losing job at my age.

I have 230k cash n stocks and 250k in Cpf. 60k hdb loan left. Flat worth 430k.

If I kena retrenched, I should be able to survive on passive income but only to cover the basic living costs.
You are doing well actually. Your net worth is $850k, which puts you among the few with such a high net worth compared to average net worth.

Assuming you are single, if you got retrenched, you can actually retire in Malaysia. You can pay off your flat loan and rent it out for $2000 pm. This will give you a passive income of RM6,000 pm (S$1 = RM3).

For a single person, RM6,000 pm is a lot of money. You can rent a nice one bedroom condo in KL for RM1,000 pm. You have a balance of RM5,000 pm to enjoy yourself, eating at nice restaurants and go holidays.

When you reach 65, your CPF Life (if you choose the highest tier option) will give you an extra $1,800 pm or RM5,400. You can use this extra money to travel the world.

If you retire in Thailand, Vietnam or Cambodia, you will be a rich tycoon.

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