How much are you earning per annum?

Yes, do what ever job that gives you satisfaction as long as you earn honestly. Don't earn through the exploit of others, cheating, etc. Did you watch tonight's episode of "Hired and fired"? I cried when I watched it. I cursed those bosses and employers who exploit foreign workers to enrich themselves. These people will go to hellfire for sure. It is a shame that our country still have employers like that. We must step up our enforcement to prosecute errant employers. They should not only be fined but jailed and caned.

Originally Posted by Unregistered

Exactly. What this boils down to is "Different strokes for different folks."

Some people are happy with less. Some aren't happy with even a lot, and desire and crave more. Everybody has different priorities in life. As long as you don't harm others in your process of doing it, go ahead and do what makes you happy.

It's as simple as that.

Husband and wife combined income of $200k. Owns a condo and a European car, both paid up. We enjoy life, we like to go for long holidays, twice a year. Our retirement plan is to sell our condo when we reach 55 and retire in Chiang Mai. We love the weather there. When we convert our millions of SGD to baht, we will be very rich. We can then retire very rich there. We will have people serving us. We will be big bosses there.

48, retired, passive income $60,000 per year. Wife, 38, working, $80,000 per year. I have paid up my condominium unit in Woodlands (all by myself). Annual spendings $68,000 per year. Debt free.

Originally Posted by Unregistered

48, retired, passive income $60,000 per year. Wife, 38, working, $80,000 per year. I have paid up my condominium unit in Woodlands (all by myself). Annual spendings $68,000 per year. Debt free.

You both are doing well as a couple. Me and wife only make $100k pa in total and we own only a 4 room flat. We are in our early fifties. We hope to upgrade to a condo by the time we are in our sixties.

Annual combined salary $200k, condo worth $1.5m, outstanding loan $1m. We will pay the mortgage over 25 years. Drives a conti car, loan $100k. Our condo is our long term investment. After 25 years, it will be paid up and we hope by then it will be worth $4.5m. So, combined with our CPF and other savings and investment, our total net worth at 65 years old, hopefully will reach $6m.

50, retired, earning passive income of $85k pa. No monthly savings as wealth is sufficient. Net worth $2m.

Wife, 40, working, earning $120k pa. Saves $40k pa. Net worth $600k.

By 60, my net worth is expected to grow to $3m while my wife's net worth should grow to $2m. Our retirement income will come mainly from my passive income plus a bit from my wife's passive income. Our spendings during retirement should be half our retirement income.

Originally Posted by Unregistered

50, retired, earning passive income of $85k pa. No monthly savings as wealth is sufficient. Net worth $2m.

Wife, 40, working, earning $120k pa. Saves $40k pa. Net worth $600k.

By 60, my net worth is expected to grow to $3m while my wife's net worth should grow to $2m. Our retirement income will come mainly from my passive income plus a bit from my wife's passive income. Our spendings during retirement should be half our retirement income.

do you mind sharing your sources of passive income? is it mainly rental from tenants?

Originally Posted by Unregistered

do you mind sharing your sources of passive income? is it mainly rental from tenants?

dividends from stocks and reits. no investment property. sold off my investment properties due to oversupply coming. property market will collapse if FTs and immigration inflow is not increased immediately. oversupply will collapse the property market and financial system. my stocks and reits are overseas, so will not be affected.

Originally Posted by Unregistered

dividends from stocks and reits. no investment property. sold off my investment properties due to oversupply coming. property market will collapse if FTs and immigration inflow is not increased immediately. oversupply will collapse the property market and financial system. my stocks and reits are overseas, so will not be affected.

i don't see FTs and immigration inflow being increased immediately? how soon in your opinion will the property collapse come? weeks / months / or years?

Originally Posted by Unregistered

i don't see FTs and immigration inflow being increased immediately? how soon in your opinion will the property collapse come? weeks / months / or years?

you should sell your hdb flat now and rent for 2 years. you can then buy a cheap condo in early 2016. rent those nice condos which has just TOP last year or this year. now you can get a cheap rental 1 bedroom unit for only $3k pm. don't rent those hdb flats, no class.