How much do you earn a month...

[Throttle]

Guys guys, if one is able to save 4-5k per month for a tenor of 20 yrs, one will be able to retire comfortably anywhere in the world on a humble scale. Remember to use part of this savings to purchase a life insurance which will be exceed your returns, compared to saving a/c interest. The rest of your money, do remember to pamper yourself.

 

Yes, on a humble scale..........

[YEN96]

Guys guys, if one is able to save 4-5k per month for a tenor of 20 yrs, one will be able to retire comfortably anywhere in the world on a humble scale. Remember to use part of this savings to purchase a life insurance which will be exceed your returns, compared to saving a/c interest. The rest of your money, do remember to pamper yourself.

 

20 years X 60K per year = 1.2 Mil good healthy sum to retire

 

imagine throw the 1.2mil intoa landed property and collect rental. i think also got 5-8K rent monthly.

 

fWAhhhhhhh.... i think if super ultra duper frugal and discipline.

 

And provided drawing a 5 figure sum monthly.

[Throttle]

20 years X 60K per year = 1.2 Mil good healthy sum to retire

 

imagine throw the 1.2mil intoa landed property and collect rental. i think also got 5-8K rent monthly.

 

fWAhhhhhhh.... i think if super ultra duper frugal and discipline.

 

And provided drawing a 5 figure sum monthly.

 

dude you thinking could be too simple and you forgot about many other things.

Time value of money, inflation, unforeseeable expenses due to family and other things. Rental also have to pay taxes and bear certain property damage etc. uncertainty of market = loss of capital/equity....

 

$1.2mil in cash right now if you are 60 yrs old with house and everything fully paid, kids grown up, have their own lives. Yes can retire fairly comfortably.

 

but if only $1.2mil cash and many more years to live and property not paid up, kids not grown up, definitely cannot retire fully yet.

[elephant]

bro Rain1407,

 

you have things $ cannot buy...v.happy for u and congrats on ur akan datang

 

my wife and I combined is close to $10K per mth, but I do not and have never had a credit card..

 

I pay full cash for my rides/drives and save close to 75% of my pay.

 

I only can tahan instalment for house...becos no choice..cos even govt holes in the sky r so blardy ex.

 

I like to invest my $ and see it grow - maciam like game for me..so its fun la

 

just another perspective for you to think abt..

 

safe riding bro

[elephant]

regarding the 1.2 mil

 

if we r talking nett of whatever financial commitments its a gd figure to rileks a bit...otherwise its still slog till u hit the ground bro:)

 

btw...the financial meltdown is making for some fascinating reading.

 

anyone still in the mkts (sgx or others?) any good stock picks?

 

have fun and stay safe everyone

[Throttle]

Elephant, you can check out Investment Talk under hobbies section. good to buy only what you can afford. cheers

[Throttle]

to those who are considering buying a car now, i would advise you to think twice. you better have some heap of savings. it's going to be rough for the next 2 yrs at least.

[YEN96]

to those who are considering buying a car now, i would advise you to think twice. you better have some heap of savings. it's going to be rough for the next 2 yrs at least.

 

 

:angel: :lol: :lol: :thumb:

 

rough? yeah man, in the ocean/sea context, this is the period where the plate movement beneath the sea bed already start to move ! hehe, so wats next, huge amount of water being displaced and generates huge waves gushing at speeds capable of mass destruction:angel: matter of ritcher scale reading only.

 

Tsunami

[Rain1407]

to those who are considering buying a car now, i would advise you to think twice. you better have some heap of savings. it's going to be rough for the next 2 yrs at least.

 

 

My personal thanks to u Throttle!

[Throttle]

No need to, dude...I didnt do anything except speak my mind.

 

thank your family and God who provided the strength to keep you going.

 

Cheers

[Throttle]

Tough times are here to stay for the next few years, dont buy a car unless you can truly afford it. dont take huge long car loans which form a big part of your salary. It WILL kill you.

 

Take heed.

[Throttle]

nowadays cars seem relatively cheap compared to previously, so those with cash getting their first car can take a bit of advantage.

 

however, i think it's still wiser to wait til qtr1 09.

[sICkbOi-dOt-cOm]

Looks like renting is the option for me

[GuiNNeSS]

take taxi is better than renting

[sICkbOi-dOt-cOm]

Take taxi is always good, but why not rent when u have the privilege on driving and bringin ur family ard singapore in a rented car where u can talk **** sing song loud loud with some privacy while i dun think i'll do dat in a cab.. and why not when its once in a blue moon?

[sICkbOi-dOt-cOm]

Owing a car is like a "want" and not a "need"... So i dun think at this time i dun need it..

[MS]

Looks like renting is the option for me

 

Renting has its woes and it can be very harsh. Taking a taxi has lesser problems but of course you don't have the space for 'privacy'.

[Throttle]

Looks like renting is the option for me

 

thats a good option. just find a good reliable company to rent from

[madman]

i tried rental, those coop schemes, i ended paying more than taking taxi, that's when i decided to get a car instead.

 

if not frequently need to drive around, rental is a good option.

[GuiNNeSS]

Take taxi is always good, but why not rent when u have the privilege on driving and bringin ur family ard singapore in a rented car where u can talk **** sing song loud loud with some privacy while i dun think i'll do dat in a cab.. and why not when its once in a blue moon?

 

cause i still think driving is tiring , but i no patience so cannot wait for cab.

[Throttle]

cause i still think driving is tiring , but i no patience so cannot wait for cab.

 

get a more luxurious car then

it does make driving less tiring