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17-03-2013, 10:06 AM
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Age: 43
Salary: 210k basic
Cash: 250k
Stocks: 350k
Assets: one house, no car
Job: Regional role in MNC
Experience: 17 yrs
Debt: 0
How do I fare?
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17-03-2013, 12:55 PM
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44, retired
Owns 3 private properties, one landed for stay and two investment properties
Earns a passive income of $4k a month
Cash plus CPF $100k
Am I poor since I don't earn a salary?
I can't sell my investment properties as I need them for passive income
Please advise what I should do. Can't get work as too many foreigners take away my job
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17-03-2013, 04:55 PM
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Quote:
Originally Posted by Unregistered
44, retired
Owns 3 private properties, one landed for stay and two investment properties
Earns a passive income of $4k a month
Cash plus CPF $100k
Am I poor since I don't earn a salary?
I can't sell my investment properties as I need them for passive income
Please advise what I should do. Can't get work as too many foreigners take away my job |
Your situation is not bad. Are your properties fully paid up? So that means your passive income is net of all propery-related expenses?
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17-03-2013, 05:02 PM
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effect holets
Quote:
Originally Posted by Unregistered
Your situation is not bad. Are your properties fully paid up? So that means your passive income is net of all propery-related expenses?
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One fully paid, two almost fully paid. Yes, net of all property-related expenses.
Do you think $4k per month is enough for a family of four?
Or should I do some part time work?
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17-03-2013, 05:09 PM
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Quote:
Originally Posted by Unregistered
One fully paid, two almost fully paid. Yes, net of all property-related expenses.
Do you think $4k per month is enough for a family of four?
Or should I do some part time work?
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I think you situation is pretty admirable. If your wife is working, your household expenses are pretty much covered, with a bit to spare even.
If I were you, I would be more aggressive and try doing business. If startup costs is something that puts you off, you can try businesses that require low startup capital, or you can try to seek funding.
If you have a skill, you can try freelancing too. Make additional money while doing something you like.
You're still young. It's a bit wasteful to just sit at home not doing anything.
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18-03-2013, 10:57 AM
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34 yrs old
Cash $170k, always cannot break this barrier
OA $120K
Annual arnd $70k
No house, no car, divorce(no need pay alimony) stay with parents
Everyday burnt out from work feel like resigning ....
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25-03-2013, 02:12 PM
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Millionaire Member
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Join Date: Sep 2011
Posts: 275
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Quote:
Originally Posted by Unregistered
still looking for a nice lady for a wife, preferably slim, tall and pretty.
Must be 25 years old or younger.
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You are quite specific. 
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25-03-2013, 02:13 PM
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Millionaire Member
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Join Date: Sep 2011
Posts: 275
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Quote:
Originally Posted by Unregistered
34 yrs old
Cash $170k, always cannot break this barrier
OA $120K
Annual arnd $70k
No house, no car, divorce(no need pay alimony) stay with parents
Everyday burnt out from work feel like resigning ....
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Sorry to hear about the divorce and job, mate. Hope things get better from here.
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25-03-2013, 07:21 PM
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Quote:
Originally Posted by Unregistered
34 yrs old
Cash $170k, always cannot break this barrier
OA $120K
Annual arnd $70k
No house, no car, divorce(no need pay alimony) stay with parents
Everyday burnt out from work feel like resigning ....
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What is your job? Since you dont have any financial commitment you can look for a job with better work life balance
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