Raymondism Twincharged March 6, 2012 Share March 6, 2012 You never heard about working very hard and get rewarded for it? it depends on what they do for a living... ↡ Advertisement Link to post Share on other sites More sharing options...
Raymondism Twincharged March 6, 2012 Share March 6, 2012 Continue renting for the next half year... wait for the crash and u get a condo at 30% discount... looking at the way the showrooms are packed... cant imagine the prices dropping alot Link to post Share on other sites More sharing options...
Ben5266 Supercharged March 6, 2012 Share March 6, 2012 If still entitle to buy from HDB, buy HDB. It is a sure win toto. Easily $100k in 5 years. If new flat is $500k, CPF 200k all in, top up cash 50k, loan $250k. Payback in 15 years. Monthly $1700 can service using CPF. Keep the cash for other investment. Link to post Share on other sites More sharing options...
Gearoil 1st Gear March 6, 2012 Share March 6, 2012 it depends on what they do for a living... Come on...I don't know what you do for a living...and I don't care.. But there are more ways to wealth that what you think... but successful ppl ...seldom if ever surf the net ..during working hours unless they are the .. BOSS.. Link to post Share on other sites More sharing options...
Ben5266 Supercharged March 6, 2012 Share March 6, 2012 sorry lah... i didnt know this is an old couple. i thought they are still young....... 40 very old meh? Link to post Share on other sites More sharing options...
Raymondism Twincharged March 6, 2012 Share March 6, 2012 Come on...I don't know what you do for a living...and I don't care.. But there are more ways to wealth that what you think... but successful ppl ...seldom if ever surf the net ..during working hours unless they are the .. BOSS.. hahaha honestly i am not a boss and i also not successful tats why i cant be bothered with ways of getting wealthy... i come here to while away time... cos i very free... and wealth is not what i look for in life...... Link to post Share on other sites More sharing options...
Raymondism Twincharged March 6, 2012 Share March 6, 2012 40 very old meh? LOL mai angry Link to post Share on other sites More sharing options...
AFV_V200 3rd Gear March 6, 2012 Author Share March 6, 2012 (edited) kindly explain how to save $600k with just $7K take home pay??? explained in earlier post :) Edited March 6, 2012 by AFV_V200 Link to post Share on other sites More sharing options...
Raymondism Twincharged March 6, 2012 Share March 6, 2012 you didn't read arh? saving is only 350k (250k profit from sales of flat) and most saving coming from freelance project outside full time job. :) see i m right... sorry i din read also...LOL Link to post Share on other sites More sharing options...
Raymondism Twincharged March 6, 2012 Share March 6, 2012 You perfer to think 'ill' of the couple ...firstly becos.. btw i did not think ill of the couple... what i said was they will hv their ways to generate other streams of income... bro AFV, hope this clarifies Link to post Share on other sites More sharing options...
Mustank Hypersonic March 6, 2012 Share March 6, 2012 you didn't read arh? saving is only 350k (250k profit from sales of flat) and most saving coming from freelance project outside full time job. :) TS, why you go and sell off HDB and rent a flat? Are you eleible to buy a 2nd BTO? Link to post Share on other sites More sharing options...
AFV_V200 3rd Gear March 6, 2012 Author Share March 6, 2012 If still entitle to buy from HDB, buy HDB. It is a sure win toto. Easily $100k in 5 years. If new flat is $500k, CPF 200k all in, top up cash 50k, loan $250k. Payback in 15 years. Monthly $1700 can service using CPF. Keep the cash for other investment. nice! Link to post Share on other sites More sharing options...
Raymondism Twincharged March 6, 2012 Share March 6, 2012 TS, why you go and sell off HDB and rent a flat? Are you eleible to buy a 2nd BTO? i know of a guy who did that also... sell , rent and wait for price to drop Link to post Share on other sites More sharing options...
AFV_V200 3rd Gear March 6, 2012 Author Share March 6, 2012 TS, why you go and sell off HDB and rent a flat? Are you eleible to buy a 2nd BTO? it was a resale flat back then. now must plan well before step in. :) Link to post Share on other sites More sharing options...
Raymondism Twincharged March 6, 2012 Share March 6, 2012 it was a resale flat back then. now must plan well before step in. :) what prompted you to do this? seminars? Link to post Share on other sites More sharing options...
Mustank Hypersonic March 6, 2012 Share March 6, 2012 it was a resale flat back then. now must plan well before step in. :) Buy BTO, no see timing leh! BTO price only one way since donnot when - UP. Just go buy BTO. Nowadays with Uncle Khaw around, almost sure hit BTO one. now hdb clearing 2nd timer backlog because they up the quoto for 2nd timer to 30%! Unless you bio condo, story differrent Link to post Share on other sites More sharing options...
Rncw 5th Gear March 6, 2012 Share March 6, 2012 CPF 200K is combined or you alone? and if combined figures, and you are about 40 above, i think the CPF a little low? but all bros here mentioned, get HDB with CPF, keep cash for rainy days, leisure and occasional indulgence Link to post Share on other sites More sharing options...
Dice 3rd Gear March 6, 2012 Share March 6, 2012 (edited) not sure where to start. lets say... A family (just husband and wife) with a total saving of 600k cash and total CPF of 200K. and with a combine income of around 7K take home salary. putting aside 80K cash for renovation. How will you allocate the down payment? And will you go for private property or HDB? definitely HDB, the 7K take home can be taxing if they get private assuming they would also like to take holidays and have a lifestyle without eating into the 520K reserves, this 520K can be very useful when at the good moment to enter market, 520K cash in a safe FD account can yield a good safe-bet return. IMHO. Edited March 6, 2012 by Dice ↡ Advertisement Link to post Share on other sites More sharing options...
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