How much are you earning per annum?

Originally Posted by Unregistered

Accumulated mainly through flipping properties & businesses. I have expenses alright...kids related and also cars as well as o/s mortgage. I'm contemplating early retirement hence want to build passive income portfolio of property and/or stocks. Would like to hear what others would do in my situation.

I would pay off the house loan and allocate the remaining assets into stocks, bond and cash or cash equivalents.

Originally Posted by Unregistered

We are both 48 years old, been married for 18 years and now have a son, aged 13. We are not top performers in our cohort, neither in school nor in our careers. I earn only $80k pa while my wife earns $70k pa. We bought our first HDB flat and still staying in it. We managed to pay off the mortgage as we bought at a low price direct from HDB.

Does anyone out there are in worse position as us? We are grads btw.

Which professions are you in? 70-80k for grads at your age is kinda low. I probably hit that in my mid 30s.

Why don't you continue doing the same thing - flipping properties and businesses. They seemed to be more lucrative than your day job. People will be coming to you for advice instead.

Originally Posted by Unregistered

Accumulated mainly through flipping properties & businesses. I
have expenses alright...kids related and also cars as well as o/s mortgage. I'm contemplating early retirement hence want to build passive income portfolio of property and/or stocks. Would like to hear what others would do in my situation.

45 & 42 yo couple, $150k combined income.
Upgraded to a condo in 2003, now fully paid up.
Condo worth $1m.
Total net worth, including condo, $1.5m.

Any advice how we can retire in 15 years time?
What do we need to do to prepare for our retirement?
We save $30k pa in cash and CPF combined.
Pls help. Thank you.

Originally Posted by Unregistered

Which professions are you in? 70-80k for grads at your age is kinda low. I probably hit that in my mid 30s.

Hi

mind to share which profession you in?

I'm 31 this years earning only 40k p.a.

You can actually retire now in Malaysia.
You just need to sell your condo and then invest $1m in high dividend yield stocks which gives you 5% yield pa or $50k pa dividend income. This is equivalent to RM130k pa, which allows you to retire like a king there. If you retire in Thailand, you can retire like a king x 2.

Originally Posted by Unregistered

45 & 42 yo couple, $150k combined income.
Upgraded to a condo in 2003, now fully paid up.
Condo worth $1m.
Total net worth, including condo, $1.5m.

Any advice how we can retire in 15 years time?
What do we need to do to prepare for our retirement?
We save $30k pa in cash and CPF combined.
Pls help. Thank you.

Originally Posted by Unregistered

You can actually retire now in Malaysia.
You just need to sell your condo and then invest $1m in high dividend yield stocks which gives you 5% yield pa or $50k pa dividend income. This is equivalent to RM130k pa, which allows you to retire like a king there. If you retire in Thailand, you can retire like a king x 2.

Thanks for sharing your ideas, most enlightening. Makes me feel that we should have no problem retiring. For the moment, we will just work and wait till 65.

Originally Posted by Unregistered

Hi

mind to share which profession you in?

I'm 31 this years earning only 40k p.a.

Sales in a MNC

41, sole breadwinner, annual income, $80k pa. Current flat is worth $600k, no more mortgage (bought at a very low price direct from HDB). Should I upgrade to an EC which is now selling at only $700k? After selling my flat, I will get $600k cash and I have cash and CPF of more than $200k, so I can pay in full and don't need to take any loan on the EC. I don't have to worry about any mortgage payment since my pay is not so high. Should I upgrade? Does a lowly paid person like me deserve to be living in an EC?

Originally Posted by Unregistered

41, sole breadwinner, annual income, $80k pa. Current flat is worth $600k, no more mortgage (bought at a very low price direct from HDB). Should I upgrade to an EC which is now selling at only $700k? After selling my flat, I will get $600k cash and I have cash and CPF of more than $200k, so I can pay in full and don't need to take any loan on the EC. I don't have to worry about any mortgage payment since my pay is not so high. Should I upgrade? Does a lowly paid person like me deserve to be living in an EC?

Yes you do. Go for it. The risk is low, looking at the value of your current flat, and at your debt level (zero!). Treat it as trading for a new flat with a slight top-up.

I don't earn much myself. But the lesson I've learnt is this: If you can't make money from your salary, you try and make it elsewhere. Property, in this case.