How much are you earning per annum?

40, $3400 pm.
Wife, 47, $4600 pm.
Total income, $8000 pm ($96k pa).
Home is a 3 room flat.
No car, no maid. Holidays once a year, $2k.
We save $2k pm ($24k pa).
Our combined net worth (including flat), $500k.
How are we doing?

Originally Posted by Unregistered

Winners see charitable work as part and parcel of living well. Losers crow about every little bit of giving they do because it hurts them.

Winners derive joy and other benefits from their work and endeavors. Losers see themselves as slave to their work and thus missing out on the other benefits of work.

Let me modify this one:

Winners think and achieve both. Losers think either/or.

There is no absolute winner....when you think you win, you are also losing something without knowing. To believe you have to winner in everything you do, you are just a slave to a world which needs you to work hard till you last day…Can you win everything? Are you in control of everything? How do you compare and measure all the things you have done? You think it a apple-to-apple comparison of everything? Without comparison and measure properly, how to you know you are winner, especially there are people who don’t give a damn about your winning, as they are no comparing with you either…

How come your annual income = 12x monthly income for both of you? No AWS, no bonus?

And your expenses of $6k pm is high as I believe you both don't pay any income taxes?

No children also? If no children then $500k now and $24k saving annually for next 20 years (=$480k) should be enough for your retirement.

Originally Posted by Unregistered

40, $3400 pm.
Wife, 47, $4600 pm.
Total income, $8000 pm ($96k pa).
Home is a 3 room flat.
No car, no maid. Holidays once a year, $2k.
We save $2k pm ($24k pa).
Our combined net worth (including flat), $500k.
How are we doing?

Originally Posted by Unregistered

40, $3400 pm.
Wife, 47, $4600 pm.
Total income, $8000 pm ($96k pa).
Home is a 3 room flat.
No car, no maid. Holidays once a year, $2k.
We save $2k pm ($24k pa).
Our combined net worth (including flat), $500k.
How are we doing?

Your household income of $8k pm is actually median income in Spore. So, you are doing ok. You own a flat, so you are ok too. You can even save $24k pa, which is very good. I know of people who earn much more than you but cannot save, in fact they even borrow. Why? Because they like to gamble, drink, party and womanise. All their money go down the drain with all these sinful activities.

You should feel happy, contented and grateful since you both have a job (some people are jobless mind you), have a proper home with good sanitation and hygiene (millions of people in this world are homeless or live in slums). Don't take all these for granted.

Originally Posted by Unregistered

40, $3400 pm.
Wife, 47, $4600 pm.
Total income, $8000 pm ($96k pa).
Home is a 3 room flat.
No car, no maid. Holidays once a year, $2k.
We save $2k pm ($24k pa).
Our combined net worth (including flat), $500k.
How are we doing?

Wah, so good, wife earns more than you...

Me 32
$7,400 pm
$146,000 pa
Saves $95,000 pa
Liquid assets (excl. condo) $475k

I also want partner who earns more than me!

I'm 55 and plan to retire next year.
Here's the plan:
1. Sell my condo (paid up) for $1.3m.
2. Buy a 4 room hdb flat for $400k, pay in full using CPF from my account and wife's CPF accounts combined.
3. Invest in blue chips to get 4% dividend from $1.3m stocks portfolio ($52k pa).
4. Rent out 2 rooms for $600 pm each ($1200 pm) or $14.4k pa
5. Wife, 50, continue to work until 55 ($80k pa)

Total income = $146.4k pa
Total expenses = $60k pa

When I reach 60 and wife reach 55 (after 5 years staying in flat) do lease back, get $900 pm or $10.8k pa. Total income $77.2k pa

At 65, get another $1200 pm (or $14.4k pa) from CPF Life, so total income is $91.6k pa.
When wife reach 65, wife gets CPF Life payout too, so total income will be $106k pa.

Note: Children are currently young adults and staying on their own.

What do you think of our plan?

I think you are a genius.

Originally Posted by Unregistered

I'm 55 and plan to retire next year.
Here's the plan:
1. Sell my condo (paid up) for $1.3m.
2. Buy a 4 room hdb flat for $400k, pay in full using CPF from my account and wife's CPF accounts combined.
3. Invest in blue chips to get 4% dividend from $1.3m stocks portfolio ($52k pa).
4. Rent out 2 rooms for $600 pm each ($1200 pm) or $14.4k pa
5. Wife, 50, continue to work until 55 ($80k pa)

Total income = $146.4k pa
Total expenses = $60k pa

When I reach 60 and wife reach 55 (after 5 years staying in flat) do lease back, get $900 pm or $10.8k pa. Total income $77.2k pa

At 65, get another $1200 pm (or $14.4k pa) from CPF Life, so total income is $91.6k pa.
When wife reach 65, wife gets CPF Life payout too, so total income will be $106k pa.

Note: Children are currently young adults and staying on their own.

What do you think of our plan?

Originally Posted by Unregistered

What's all this about? There is no need for this and by posting this offending post you are sinking way lower than that non-local retard and loser.

For all you know, he came here because he couldn't fit in in his big state and found he couldn't fit in here either. Wherever he goes he will find miseries.

If you can't put forth a good argument at least refrain from disguised profanities. We don't welcome those too.

Fair. I apologize. But I feel his responses needs a good farking- no need to talk sense with them as they refuse to view things from alternative perspectives.
Bro/Sis...by the way, you called him/her "non local retard"--- not so nice as well. Why are you complimenting him/her?

Originally Posted by Unregistered

40, $3400 pm.
Wife, 47, $4600 pm.
Total income, $8000 pm ($96k pa).
Home is a 3 room flat.
No car, no maid. Holidays once a year, $2k.
We save $2k pm ($24k pa).
Our combined net worth (including flat), $500k.
How are we doing?

any kids? no kids you are both good for your own retirement based on your frugal lifestyle.
but if have kids, hiher expenses will come in later....watch out

[lazyplane]

Originally Posted by Unregistered

Yeah but then you are only living this "landed" experience (and with it paying your $2.6 million MORTGAGE- see how accurate I can come up with the figure to taunt you) because you are in a stupid microstate that's not even 0.0000000000000000000000000000000001% of the economy or size of my country.

Based on wikipedia, this microstate GDP is around 276,520 millions. So technically, it is around 1.72% of the largest country GDP ie USA.

http://en.wikipedia.org/wiki/List_of...y_GDP_(nominal)


Size wise, it is 0.007% of USA as well.
List of countries by area - Simple English Wikipedia, the free encyclopedia

Out of curiosity, where are you from again ?