Good advice. Singaporeans are very lucky as they get to buy very cheap
HDB BTO flat. Twice. Not surprising there are many rich people.
Quote:
Originally Posted by Unregistered
For those retrenched out there, you can just retire in Malaysia assuming you no longer have any dependents at age 55.
Passive income
Rent out fully paid HDB flat S$2.5k pm or RM8k pm
Rent a 2 bedroom condominium RM1.5k pm
Car expenses RM400 pm (assume buy used car in cash RM30k)
Food, groceries and utilities RM1k pm
Misc RM1k pm
Total spending RM3.9k pm
Savings RM4.1k pm
This retirement plan allows you to live in a condo and drive a car. |