Quote:
Continue working. Start a small business/sideline. It is getting harder for many people to truly retire these days. . |
Quote:
250K a year of passive income, assuming a generous 10% yield. Meaning a whopping 25M capital. For someone with 40 years of working life, 200K from the 1 year and saved every single cent. It would mean only 8M. So don't worry you are well ahead......in your dreams. |
Quote:
Wrong math. 2.5M Capital. |
Quote:
|
Born and bred Singaporean
Age: 63 (gonna retire at 65) Income from job: 600k+ (300k+ salary + 200-300k bonus from stock options+ cash bonus) Job: Works for a Fortune 10 MNC as a mid to senior level exec. Worked in the same company for 35+ years. Current House: 8000+ sq ft freehold bungalow in Buikit Timah. Bought in 2001 for 3M+ (~$400 per sq ft). Spent 1M+ to rebuild. Should be worth 10M+ today based on $1300 per sq ft. Cars: 3 cars at home. Paid for with cash Other properties: 1) 3000+ sq ft freehold semi-d in bukit timah. Bought in the 80s for $450k. Should be worth 4M+ today based on ~$1300 per sq ft. Rebuilt the house in 2000. 2) 2500+ sq freehold condo in bukit timah. Bought in 2010 at 2k+ per sq ft(4M+). Still under construction. Only paid 30% of it to date. Will pay the rest with my cash savings. Cash: 5M+ in the bank Stocks: ~500k Passive income: 168k a year from the rental of my semi-d Debt: Nil. Family: Wife in her 60s too. Retired 10 years ago. Kids are in their 20s and working now. Not a big spender. Save over 70% of my money every month. |
Quote:
|
Quote:
|
Quote:
Age: 30 Property: Condo (1M value now, Outstanding loan 447k) Cash: 103k Stocks: 5k CPF: 43k (OA & SA) Income: 5.2k monthly No car, no kids. Spent more money this past two months, saved less than normal. With such high inflation (5%), concerned about it eroding savings. With stocks on a downtrend, and property likely to go down with the additional buyers stamp duty, I don't see any good and safe investment opportunities to make money or to protect my savings against inflation. COE is still very high, does not make sense to buy a car, although its not pleasant walking in the rain and splashing puddles these days. |
Quote:
|
Quote:
|
All times are GMT +8. The time now is 04:26 AM. |
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2