Am I doing ok??
Hi.. Jus Wana check if I'm in line... Sigh or at least at my age if I'm doing ok..
Age 32 Male - married. Sales line 5.5k per month salary. 60k cash Fully paid 4room HDB No car .. Take bus, mrt... No credit card debt, always pay in full. No personal loan. |
Zero debt! Of course you're ok.
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Not bad. what and where did u get your degree?
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I think I'm ok comparing to what some people my age has... Nice cars... Or at least a qtr million savings.. Some properties or even some investment portfolio.. I have none of these.. I'm rather safe with my cash... Jus sitting in the bank sleeping... |
doesn't matter where you are now. what or where do you want to be in 10 years time.
target salary? cash on hand? net worth? it helps to set a target which is more important than where you are now. Quote:
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No debt and you got more than you need! House, a family, job. And only 32 years old.
You are doing fine! |
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Thanks for all the kind advise... Oh I was lucky to have bought a BTO around SK area in 2008...It was only 158k... After our Cpf deduction we only took up about 30k loan... Then about 3 years later me and wife decided to pay up the remaining with our savings..So that's how it is fully paid... No special aid or ways... Jus sacrifice on savings so we have no other liabilities... |
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But its so hard... After paying up the remaining HDB loan I have only left with what I posted earlier... I think I can't make it le... If I save 2k a month... At best I get 24k per annum.. Assume everything smooth sailing.. 10 yrs I only save 240k .. 20yrs.. 480k.. By then I'm already 52... I think I gotta re-access my dream of early retirement ... Sigh... Every time I think about this scenario.. It makes me sad... |
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Now we are both in our 30s... And we realize something is very wrong... I had friends driving nice German cars.. Living in good area HDB and claim can still have 200-300k savings... I ask them how they do it.. They jus say "savings lor" I don't know man... I think I'm doing it the wrong way... |
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