Without_a_car Clutched August 5, 2011 Author Share August 5, 2011 whoa!!! you are lucky man!!!! not many can pay off their house and car at 35! car and flat was cheap back then ↡ Advertisement Link to post Share on other sites More sharing options...
Sabbie Clutched August 5, 2011 Share August 5, 2011 My financial status. I think at most can tahan 2 years without work. Well done! House and Car fully paid up can relax leow....only thing is wife and kid Link to post Share on other sites More sharing options...
Mustank Hypersonic August 5, 2011 Share August 5, 2011 now 4 room new flat nearly 300k, car nealy 100k Link to post Share on other sites More sharing options...
Without_a_car Clutched August 5, 2011 Author Share August 5, 2011 Well done! House and Car fully paid up can relax leow....only thing is wife and kid wife is the financial black hole on the balance sheet Link to post Share on other sites More sharing options...
Mustank Hypersonic August 5, 2011 Share August 5, 2011 cannot like that say.....wife educate kid and take care of all things at home.....that's an asset if she goes to work, you would have to engage a maid. but maid cannot educate kid. so now, you have better quality of life Link to post Share on other sites More sharing options...
Without_a_car Clutched August 5, 2011 Author Share August 5, 2011 cannot like that say.....wife educate kid and take care of all things at home.....that's an asset if she goes to work, you would have to engage a maid. but maid cannot educate kid. so now, you have better quality of life you married, intend to let your wife stay at home? Link to post Share on other sites More sharing options...
Sabbie Clutched August 5, 2011 Share August 5, 2011 wife is the financial black hole on the balance sheet btw, there was a study on stay at home mums' worth, apparently what they do is worth up to 60K a year...eg housework take care of kids... Link to post Share on other sites More sharing options...
Mustank Hypersonic August 5, 2011 Share August 5, 2011 of course not! but having children is like that one. there must be a primary caregiver who can be grandparent, wife or maid. in my case, my mum and maid take care of the kids. so wife work. Link to post Share on other sites More sharing options...
Without_a_car Clutched August 5, 2011 Author Share August 5, 2011 of course not! but having children is like that one. there must be a primary caregiver who can be grandparent, wife or maid. in my case, my mum and maid take care of the kids. so wife work. as long as everyone is happy with the arrangement Link to post Share on other sites More sharing options...
SingaporeSportster Neutral Newbie August 5, 2011 Share August 5, 2011 btw, there was a study on stay at home mums' worth, apparently what they do is worth up to 60K a year...eg housework take care of kids... Washing, Ironing, Food and entertainment.... Link to post Share on other sites More sharing options...
Sabbie Clutched August 5, 2011 Share August 5, 2011 Washing, Ironing, Food and entertainment.... Sex is entertainment? Link to post Share on other sites More sharing options...
SingaporeSportster Neutral Newbie August 5, 2011 Share August 5, 2011 Sex is entertainment? I figured "entertainment" is a little politer than ejaculation - but you can substitute if you wish... Besides, she can also do other things besides suck start a harley. Link to post Share on other sites More sharing options...
Sabbie Clutched August 5, 2011 Share August 5, 2011 I figured "entertainment" is a little politer than ejaculation - but you can substitute if you wish... Besides, she can also do other things besides suck start a harley. Hmm....for me is negative equity then cos all she does is lie down and I service her... Link to post Share on other sites More sharing options...
Old-driver 5th Gear August 5, 2011 Share August 5, 2011 Hmm....for me is negative equity then cos all she does is lie down and I service her... Link to post Share on other sites More sharing options...
Greatbirdlegend 1st Gear August 5, 2011 Share August 5, 2011 As long as you are sure you can keep your job in a downturn. Link to post Share on other sites More sharing options...
Subatoyo Neutral Newbie August 5, 2011 Share August 5, 2011 Off topic... Mod do something lei... Who cares about individual earning power .... Blah blah.... Stick to the threat title lah. Walau... Link to post Share on other sites More sharing options...
Zanter 3rd Gear August 5, 2011 Share August 5, 2011 The rates are super low now due to US rates being low. If their credit rating is reduced to AA it may rise 50-100basis pts. Anyway I just locked in at 1.48% for 3 years which is a good deal cos 3 months Sibor around 0.5%, by that time almost fully paid up so no worries. Those who take 30 year loans are crazy. Link to post Share on other sites More sharing options...
Darryn Turbocharged August 5, 2011 Share August 5, 2011 The rates are super low now due to US rates being low. If their credit rating is reduced to AA it may rise 50-100basis pts. Anyway I just locked in at 1.48% for 3 years which is a good deal cos 3 months Sibor around 0.5%, by that time almost fully paid up so no worries. Those who take 30 year loans are crazy. I took 30 year loan - rate locked in was less than I was earning in CPF so made it worthwhile to minimise payment (plus I was starting new business and not contributing CPF so wanted to maximise lasting power of my reserve) When I refinanced did it at 23 years or so...and locked in low rate again ↡ Advertisement Link to post Share on other sites More sharing options...
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