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[Joseph22]

Hard work and honesty does make you rich.

Live by that, wont go wrong.

Yeah.. I still live by that.. But also learn that need to put in extra effort like letting ppl know u are working hard and honest.😂😂😂

[Throttle2]

 

One should aim to be nett debt free, not just debt free. That is you have more assets than debts. To be just debt free but with very little assets is still a poor person after all.

 

So what's nett debt free? I.e. A person with $300k cash but a $200k HDB loan is nett debt free. He can actually pay off his debt anytime he wants but did not do so. He can now invest his $300k wisely and is very likely to get above 2.6% (HDB Loan) or 1+% (Bank Loan).

Yes

And the key word is "wisely"

But what is wisely?

 

Some folks think that Maxim Trader is wise.

Some think that pennies is wise.

Some go from nett debt free to nett debt.....

Yeah.. I still live by that.. But also learn that need to put in extra effort like letting ppl know u are working hard and honest.😂😂😂

It depends on what kind of Riches you are looking for.

 

The CHC kind or the Ghandi kind.

[Enye]

Yeah.. I still live by that.. But also learn that need to put in extra effort like letting ppl know u are working hard and honest.😂😂😂

 

hard work and honest = surfing and posting in MCF

 

i also want to work hard and be an honest man

 

[Joseph22]

 

hard work and honest = surfing and posting in MCF

 

i also want to work hard and be an honest man

 

Everyman will one day snake lor.

 

Now not much job in my company...

Yes

And the key word is "wisely"

But what is wisely?

 

Some folks think that Maxim Trader is wise.

Some think that pennies is wise.

Some go from nett debt free to nett debt.....

 

It depends on what kind of Riches you are looking for.

 

The CHC kind or the Ghandi kind.

Most important one.. Peaceful sleep.

[Zze121]

Those 40 years old HDB could be en-bloc?

Looks like more HDB out there are turning 40 soon, doubt HDB going to en-bloc all of them.

 

But to opt for upgrading, for a 2nd timer it looks very difficult now but as one drag longer the loan tenure get shorter.

 

The market cycle could be different when we keep thinking it's going to be over supply, on the other hand more n more ppl could have the cash n CPF but still not enuff to upgrade to condo due to stagnant HDB resale price n ageing ppty on hand.

 

Newer n younger ppty looks more appealing to high income earner n life style is just wat they r looking for.

[Throttle2]

 

you sibei sour grapes lah

 

go hide in your CCK HDB

 

I am hiding, what do you think i'm doing?

[Chucky2007]

 

very common that parents will help with 20% to 30% of the EC

 

these couple typically quite young - late 20s to early 30s. To them, the future is bright and they are confident that in a few years time, each will be earning 10k

 

 

economic cycles is a fact of life

 

pray like mad also cannot change the fact

 

 

saw a jumbo, 1900 sqft, 6 bedrooms. nicely renovated and asking 888,000

 

but location like crap

 

nearby got a 1200 sqft resale condo asking 800,000

 

which better value? The 20 year old jumbo or 10 year old condo?

Wah the jumbo flat know the market or not? Ask for fun?

[Chucky2007]

It's not bad already, got my first 5 room at 150k. Then sell at 450k and get a similar size 4 room at 350k. And can still finish all the loan in same number of years.. Only thing is planning for retirement.

 

If we had known and more adventures, retirement plan will had already been fulfill.😂😂😂

if every one knows.. Everyone will own at least 5 properties by steal beg borrow.. Buy LVS at $4 with maximum leverage and hold until now.. Haha

[Vidz]

when I hold my family under a roof... I am rich

[enos]

As long as you are staying in the property it's not really an assert. Coz after u liquid it u still need to find a place to stay.

 

If buy high for stay not worth it

Cos in the end still need to find a cheap place to stay after liquidating the place.

 

To see over leverage or not... Look at your net assert.

 

If after considering All the debt you have taken up n you still +ve should be safe.

[enos]

It's not bad already, got my first 5 room at 150k. Then sell at 450k and get a similar size 4 room at 350k. And can still finish all the loan in same number of years.. Only thing is planning for retirement.

 

If we had known and more adventures, retirement plan will had already been fulfill.😂😂😂

I know of many earning more than 12k still a lot of debt; car loan ec or condo loan.

 

However I also know of those debt free with fully paid hdb n a pile of cash sitting in the bank with combined pay of less than 12k.

 

Lots of ppl when their pay upgrade they upgrade their lifestyle aka spending too.

[Porker]

You guys are all pussies. I paid full cash for Southbeach (one tower). Read carefully ok. It's one tower! Not one apartment jesus.

[Zze121]

You guys are all pussies. I paid full cash for Southbeach (one tower). Read carefully ok. It's one tower! Not one apartment jesus.

How much u pay for the ABSD?

[Joseph22]

You guys are all pussies. I paid full cash for Southbeach (one tower). Read carefully ok. It's one tower! Not one apartment jesus.

When are u going to buy a football club??

[Thaiyotakamli]

You guys are all pussies. I paid full cash for Southbeach (one tower). Read carefully ok. It's one tower! Not one apartment jesus.

OMG!

 

 

then the whole tower for own stay or for what? If MCFers wanna buy an apartment there with full cash got discount anot?

 

 

 

 

and when u buy MCF? after u buy can convert this forum into 18+ liao

How much u pay for the ABSD?

he paid for the land and the tower which is considered as one.

 

 

since this is his first property, so no ABSD lol

[Porker]

No ABSD required. Contract specified the entire tower is to be registered as one unit - I will subdivide it later.

 

I don't buy football clubs one hor @joseph22. I have more than enough $$ to buy over national debts of EU countries. Football clubs are nothing to me muayhahaha

[Joseph22]

No ABSD required. Contract specified the entire tower is to be registered as one unit - I will subdivide it later.

 

I don't buy football clubs one hor @joseph22. I have more than enough $$ to buy over national debts of EU countries. Football clubs are nothing to me muayhahaha

Must be u lah... That cause the EU crisis. Makan all their money

[L_club23]

No ABSD required. Contract specified the entire tower is to be registered as one unit - I will subdivide it later.

 

I don't buy football clubs one hor @joseph22. I have more than enough $$ to buy over national debts of EU countries. Football clubs are nothing to me muayhahaha

 

Hire me please.