Originally Posted by Poor millionaire

Hi, I like your advice. I used to earn very average salary of only 100k SGD a year all in. Whereas my hubby makes close to 300k USD a year or around 400k SGD all in. He managed to have savings of around 400k whereas I have about 1M SGD. That's because he would spend close to 70% of what he earns when I save 70%.

We are eyeing landed property since 2009. However the prices keep moving up. We are wondering if we should buy that semi-d. Since I have another property in Singapore and my husband has one in the states, I will have to put down 40% cash on this landed. It would mean wiping out all my cash and marketable securities! I find it quite painful to go down to zero earnings again, although I foresee my bank loan being only about 1.1M or about 3500 SGD a month and no maintenance fee - hehe!

What should I do? Buy or don't buy?