| 08-07-2013 11:19 AM |
| Unregistered |
There are things to enjoy at different stages of one's life.
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| 07-07-2013 11:36 PM |
| Unregistered |
i think i would rather be young and poor and enjoy my youth.
Quote:
Originally Posted by Unregistered
No, we don't yearn for youth. Being young means you still have many more years to work to prepare for your retirement. Those in their 40's look forward towards financial independence and retirement when the reach their 50's or 60's. Time to relax and smell the roses, to do charity work and to prepare oneself to die and meet one's Creator.
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| 07-07-2013 10:09 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
what do people look forward to when they are late 40s?
do u yearn for youth?
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No, we don't yearn for youth. Being young means you still have many more years to work to prepare for your retirement. Those in their 40's look forward towards financial independence and retirement when the reach their 50's or 60's. Time to relax and smell the roses, to do charity work and to prepare oneself to die and meet one's Creator.
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| 07-07-2013 08:34 PM |
| Unregistered |
what do people look forward to when they are late 40s?
do u yearn for youth?
Quote:
Originally Posted by Unregistered
We are a couple in our late 40's. We earn a combined income of $158k pa. Our expenses about $100k pa. We save $58k pa. No more loan on our EA flat, now valued at $800k. Savings in our CPF plus cash savings only $1m. We drive an old conti car. We hope to retire in 10 years time by downgrading to a small, cheaper flat. We should then have about $2m to retire on.
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| 07-07-2013 07:15 PM |
| Unregistered |
We are a couple in our late 40's. We earn a combined income of $158k pa. Our expenses about $100k pa. We save $58k pa. No more loan on our EA flat, now valued at $800k. Savings in our CPF plus cash savings only $1m. We drive an old conti car. We hope to retire in 10 years time by downgrading to a small, cheaper flat. We should then have about $2m to retire on.
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| 05-07-2013 02:26 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
This is probably the only true case for all the get rich quick schemes.
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the past few years have been extremely good for property flippers. it's not surprising there are some who made a couple of million dollars.
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| 03-07-2013 09:50 PM |
| Unregistered |
This is probably the only true case for all the get rich quick schemes.
Quote:
Originally Posted by Unregistered
here's how my wife and i did it:
- started work in 2000
- bought CCR condo in 2004 (took maximum loan)
- sold during the property boom in 2007 (profit: $850K)
- use profits and savings to buy 2 condo (one in 2009 and one in 2010)
- sold 1 condo in 2010 and one in 2012 (profit: $500K)
- bought 1 landed in 2010 (value has increased by $380K to date)
in addition:
- savings from salary to date: $800K
- dividends and profits from stocks to date: $70K
our last drawn annual salary: mine $190K, wife $90K
total net worth: $2.6M
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| 03-07-2013 05:57 AM |
| Unregistered |
this thread is plain bullsh1t right..... i actually open my eyes big big at first while reading but after that more bullsh1t liao....
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| 07-03-2013 10:36 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Understand your insecurity. Feeling the same.
In mid fifties, combined income SGD 430k p.a. (including 100k passive income). Very tired, but dare not retire because:
1. Children still schooling
2. Burn rate 90-100k p.a.
3. Wage inflation, - everyone seems to be earning high wages even those just joining workforce.
4. Because of point 3. above, inflation rate can only go up and up
5. Want to maintain current lifestyle, yearly overseas holidays and car
6. Medical needs
7. Properties need repair, need to refurnish, replace appliances once in a while
Good thing, was frugal all this while, no more loans!
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Thanks for sharing. Could you share more about your passive income and how you build it up? Is it all from stock dividends and rentals?
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| 07-03-2013 08:00 PM |
| Unregistered |
Slog-on
Quote:
Originally Posted by Unregistered
50s, retired couple.
Passive income from properties 5k per month
Are we poor by Singapore's standards?
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Understand your insecurity. Feeling the same.
In mid fifties, combined income SGD 430k p.a. (including 100k passive income). Very tired, but dare not retire because:
1. Children still schooling
2. Burn rate 90-100k p.a.
3. Wage inflation, - everyone seems to be earning high wages even those just joining workforce.
4. Because of point 3. above, inflation rate can only go up and up
5. Want to maintain current lifestyle, yearly overseas holidays and car
6. Medical needs
7. Properties need repair, need to refurnish, replace appliances once in a while
Good thing, was frugal all this while, no more loans!
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