Skip to main content

Now Everyone Can Retire

Few years back, during a conversation over lunch, I have a friend who briefly shared with me his strategy to retire. His strategy is simple.

First of all, buy a HDB flat from government and stay in that HDB flat during his 30 years of working life. Before he retires, he will buy a residential property in JB which he is going to spend the rest of his life. He plan to fully pay his HDB flat and JB property before he retires. Meanwhile, the whole HDB flat can be rented out. With the collected rent converted to Ringgit, he is able to live a comfortable life in JB. Historical trend depicts that SGD is getting stronger and stronger as time goes by. Thus, it is not surprised to get RM3 with SGD1 in 30 years time.

 Of course he can come back to Singapore anytime he wants since it is pretty near. It is convenient to travel even if the person is not driving. Nowadays, there are buses that transport passengers between these two countries.
~~ Cheers! ~~
 
Labels:

Comments

Post a Comment

Popular posts from this blog

New Credit Card

R ecently, I signed-up for " The American Express ® True Cashback Card " whereby I can enjoy 5% cash back for the first 3 months. Initially, I signed-up with the thought that " Ok lah, just give it a try and I can always cancel it if I don't like ". To my surprise, it actually turns out to be a pleasant surprise when my first bill came! I see the cash back in the same bill. This means that whatever amount that I spent using the card is discounted 5% immediately. Some people might think that there are not many merchants accept American Express. Well, to a certain extends, this is one of the drawback. I checked a few merchants which I often spend on and I would like to share it here for your reference. Please don't get it wrong that I am trying to promote anything here. Well, I am not an insurance agent nor property agent nor credit cards promoter not any sales person. I am just sharing as consumer point of view. Who knows, few of you might be sharing even...
Post a Comment
Read more

Safe Deposit Box

Have been searching high and low in Singapore to rent a safe deposit box but to no avail. Some of the bank said all their safe deposit boxes are full and the waiting list is pretty long; some of the bank said they no longer have this service; one of them said I need to sign-up for fixed deposit of S$20K before I can rent it. I tried to check on private safe deposit box service and small space rental, the price is far too much higher as compared to the rate offered by the bank. When I am about to lost hope, finally I found "Bank if China" in Raffles Place. I am required to open a saving account with them and maintain minimum of S$1500 in the account to avoid monthly fall below fee. Although I am unable to visit the bank on weekdays as their opening hours fall within my working hour and I am not working nearby, the good news is the bank is open on every Saturday 9am to 11:30am.
Post a Comment
Read more

First Home in Singapore

L ike many other Singaporean, at theage of early twenties, I am planning to purchase my first home. At this stage,I am at a cross junction whereby I will have to choose what type of home I needto go for. Since I am not rich and I do not want any external assistance(borrow money from parent), private property is definitely out. One will not beable to feel sense of achievement by asking for parent or relatives’ help.   Looks like I am going for public housing (HDB) then. Filtering EC and DBSSwhich I can’t afford, I still have to decide on how many flat rooms of HDBflats I am going for: studion / 2 rooms / 3 rooms / 4 rooms / 5 rooms / EM. By the way for thosewho are not familiar with Singapore public housing, 3 rooms flat doesn’t mean flatwith 3 bedrooms and 5 rooms flat doesn’t mean flat with bedrooms. On top ofthat, there are several models for resale flats. For instance there are model A4 rooms flats, model S 4 rooms flat, etc. They are varies in term of size, 4rooms flats are ...
1 comment
Read more