How much are you earning per annum?

Originally Posted by Unregistered

I think you are full of BS.

Like the OP.

Lol.

No choice lah fren, have to fight Shi.t with s.hit

This is a well thought out plan.
Your condo is almost paid up, this is excellent.
Your annual savings is quite a lot and you will be able to save $1m over 20 years.
You will have a good retirement.
Well done!

Originally Posted by Unregistered

Humble and simple guy, 46. Spouse, 44.
Total HH income, $194k pa.
Savings, $50k pa.
Home: 3 bedroom condo, worth $1m. Outstanding loan $200k.

Retirement plan at 65:

1. Retire in our condo.
2. Earn CPF Life payout $3500 pm.
3. Other passive income $2000 pm.
4. Two children's parent allowance ($500 pm each) $1000 pm.
5. Total passive income $6500 pm.
6. Total expenditure $3500 pm.
7. Savings (reinvested) $3000 pm.

Expenses during retirement:

1. Food and utilities $1200 pm.
2. Car (fully paid) expenses such as petrol, road tax, insurance, etc $600 pm
3. Medical insurance $800 pm.
4. Holidays $400 pm (pro rated).
5. Misc $500 pm.
6. Total $3500 pm.

Sounds like what the Bangla workers do before the property is handed over to the proud new owners bahahaha

Originally Posted by Unregistered

Living on landed property is too bland for such a rich guy like you lah.....
You should buy a block of condo. And then every day you can play hide and sick with your Gurkha guards, eat in unit #05-07, shi.t in unit 11-08, brush your teeth in unit 03-03, urinate in unit 07-02 & read newspaper in unit 08-04.

What do you think?

Middle class family

47, quit my job two years ago to start a small business, earning $68k pa. Savings $15k pa. More flexible work schedule. Stress level down a lot. Net worth $1.7m. Built up my wealth through many successful investments. Invested my big bonuses during my previous career.
My investment portfolio growing nicely. Hope to grow my small business over time.

Spouse, 43, earning $100k pa. Savings $50k pa. Net worth $0.7m. Hope to grow net worth by an additional $1m over 20 years.

Condo, 3 years old, paid up.

Car, 1 year old, paid up.

I am feeling very stressed at work.
Cannot sleep.
Keep thinking work 7 days.
Money is good $12k pm but no time for kids

Should I call it quits and find another job
I am 45 this yr
No debt as condo and new car just paid up
Two teenage kids
Wife would still work. Maybe $10k pm. Her job more stable. Good bonus.

Any serious advise?

Originally Posted by Unregistered

I am feeling very stressed at work.
Cannot sleep.
Keep thinking work 7 days.
Money is good $12k pm but no time for kids

Should I call it quits and find another job
I am 45 this yr
No debt as condo and new car just paid up
Two teenage kids
Wife would still work. Maybe $10k pm. Her job more stable. Good bonus.

Any serious advise?

I am feeling very stressed at work too.
I am 32 year old.
Work 5 days but on weekends also I keep thinking about work only. Cannot sleep.
Earn $4.5k per month

Originally Posted by Unregistered

I am feeling very stressed at work.
Cannot sleep.
Keep thinking work 7 days.
Money is good $12k pm but no time for kids

Should I call it quits and find another job
I am 45 this yr
No debt as condo and new car just paid up
Two teenage kids
Wife would still work. Maybe $10k pm. Her job more stable. Good bonus.

Any serious advise?

Since you are debt free, you should not be so worried about finances. You may want to consider becoming a Stay-at-home-dad to take care for your kids and household. You can do the housework and cook for the family.

You can also send your children and wife to school and work and fetch them home. They don't need to be in crowded buses and MRT. Their quality of life will improve. You can also save by not employing a maid nor send your kids to expensive tuition. You can teach your kids yourself and prepare them to top schools.

There is a good article on Stay-at-home-dads in the Sunday Times yesterday.

If you still want to work, you can go for less stressful jobs even though the pay is lower. Since you have no more big commitments like condo and car, you can afford to have a lower pay but a better quality of life which allows you to spend more time with your kids and take care of your health. You can enjoy life better as you don't know when you will die.

What's your net worth? What's your wife's net worth?

28 yo, female, single
$75k pa, ~$200k savings
Stable job, decent working conditions (not too stressed nor slack)
1 car loan but less than $8k more left to pay, no other loans
Living with retired parents who are pretty self-sufficient financially but not rich
No plans to get married or have kids
Not a spender (1 holiday a year, occasional small buys, 1 debit card, no CC)
Thinking of getting a 2-br condo near mrt coz I want my own freedom to live my life. Not sure if I can afford a $750k-$1 mil condo when I reach 30. Possible to put down $200k deposit and finish paying loan in 15 yrs?
Any advice? TIA.

Originally Posted by Unregistered

28 yo, female, single
$75k pa, ~$200k savings
Stable job, decent working conditions (not too stressed nor slack)
1 car loan but less than $8k more left to pay, no other loans
Living with retired parents who are pretty self-sufficient financially but not rich
No plans to get married or have kids
Not a spender (1 holiday a year, occasional small buys, 1 debit card, no CC)
Thinking of getting a 2-br condo near mrt coz I want my own freedom to live my life. Not sure if I can afford a $750k-$1 mil condo when I reach 30. Possible to put down $200k deposit and finish paying loan in 15 yrs?
Any advice? TIA.

I am willing to sacrifice my singlehood for a good cause. Let us get married and then we can buy the condo together. Are you game for it?

You sound like a decent lady who is responsible and not spendthrift, a wife material I must say. Why aren't you interested to get married? Life is more meaningful if you have a good husband who loves you

Originally Posted by Unregistered

28 yo, female, single
$75k pa, ~$200k savings
Stable job, decent working conditions (not too stressed nor slack)
1 car loan but less than $8k more left to pay, no other loans
Living with retired parents who are pretty self-sufficient financially but not rich
No plans to get married or have kids
Not a spender (1 holiday a year, occasional small buys, 1 debit card, no CC)
Thinking of getting a 2-br condo near mrt coz I want my own freedom to live my life. Not sure if I can afford a $750k-$1 mil condo when I reach 30. Possible to put down $200k deposit and finish paying loan in 15 yrs?
Any advice? TIA.