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age 36.
property - paid up 2.5 ltr car - paid up stock - zero cash - $3.5mil CPF - zero my returns is very bad as interest is low. Waiting for chance to make more investments with better returns |
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self employed
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I think you are doing fine. You have a flat, a car and the most important thing is that you do not have any debt. Your saving of $2.8k per month may be modest but if you can continue to save that amount till you retire, it would have accumulated quite a significant amount for retirement. Without debt you have less fear, and that is an important factor when you make decisions on financial matters, like investments. Build up your wealth through consistent savings, and smart investments. A down to earth approach guarantees lower risks and higher success rate. Some people have weird reason about taking advantage of the HPIS insurance. And including the death of their spouse as part of their financial planning is not really a good idea, at least that's how I look at it. I think you have done quite well so far, assuming you are in the middle income group. |
hi:please advise
Age : 31
cash : 160k cpf : none Properties: 1 d9 condo bought abt 1.1mil, 1 condo in bkk bought t 150kplus.(all not fully paid ) Problem: Just bought a d9 condo recently at 1700 psf. Now with market booming like crazy , please advise if i should sell my place now and pocket the profits. Recently lost over 400plus k in my business quite cash tight . Should I hold or sell now ? Please give me your 2 cents worh . |
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where do I stand?
I'm very impressed wih what I read. I've been a bit of a spender, and really gotta start saving:
Age: 36 Property: Terrace house. Current worth approx 2.2 M (loan 1M) Car: Paid Cash:20k Shares: 20k CPF:20K Pay: 150K per annum No other debt How to grow my wealth eh? |
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