Unregistered |
19-11-2012 11:40 PM |
Quote:
Originally Posted by Unregistered
(Post 30632)
My 50+ yr old fren suffered a heart attack, spent a few weeks recuperating. Came back to work and not long after was retrenched. This after working for compnay for many years and often late into the night. Got housewife and young kid to feed. Luckily 5 room HDB already paid up. Thinking of selling off car, but family considered this as only luxury item left.
How to find another job at 50+ and somemore with a heart attack record?
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Here's what he can do:
1. Sell his 5 room HDB flat at $600k and downgrade to a $300k 3 room flat, fully paid.
2. Use the $300k profit to buy a low risk government related bond, giving 3% per annum. This earns him $9k per year or $750 per month.
3. He works as a security guard, earning $1500 per month.
4. Wife works as dish washer earning $2000 per month.
5. Total income $4250.
6. Sell car, take bus. Saves $1000 plus per month.
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