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How much passive in come do you have and what is its source?

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  #21 (permalink)  
Old 11-01-2013, 02:06 PM
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i already have a double-storey freehold terrace (for own stay, not to rent out). not keen on adding an investment property now as the ones which i am interested in are quite expensive.
Since your wife is not working and you pay isn't super high (I assume), can I say that part of your wealth comes from "old money"? IE, inheritance.

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Old 11-01-2013, 03:23 PM
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Since your wife is not working and you pay isn't super high (I assume), can I say that part of your wealth comes from "old money"? IE, inheritance.
currently i make around $200K per year. my wife used to make $100K before stopping work 1 year back.

just like most people we started working with < $1K in bank account and no financial gifts from parents or inheritance.

however, we did save hard and instead of stating off with a Hdb like most poeple, we took quite big loans to leverage on property in 2003 and 2009 when not many people buying, and selling off in 2007 and 2011. right now demand for property is strong, so i prefer to stay out.

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