Living in Private Housing With No Income

[Jamesc]

Lots of kids and retirees live in private property

and have no declared income too.

[Throttle2]

On 8/31/2020 at 7:25 PM, therock said:

https://www.straitstimes.com/politics/parliament-mps-urge-government-to-look-beyond-housing-value-when-means-testing-people-for

 

They can sell their assets 

state money is not for supporting people who holds private properties.

[Throttle2]

On 5/8/2019 at 1:58 PM, Throttle2 said:

No pity no disgust

 

If one is asset rich with no cash, then to be fair to everyone else, he should sell his assets accordingly to support himself

 

Dont expect to keep these assets and request the state to support him.

Now that would be seriously unfair.

Repeat

[Thaiyotakamli]

19 minutes ago, Throttle2 said:

They can sell their assets 

state money is not for supporting people who holds private properties.

Thats why buy more rolex for rainy days

 

even rainy days rolex can sell for 2 fold

 

just like hulk😂

[Throttle2]

11 minutes ago, Thaiyotakamli said:

Thats why buy more rolex for rainy days

 

even rainy days rolex can sell for 2 fold

 

just like hulk😂

Hulk?

give me i also wont wear

 

[therock]

https://www.straitstimes.com/business/invest/peter-pans-may-find-themselves-short-of-money-in-old-age

 

Quote

They are in their 30s to 50s, mature and inching towards retirement, but they still think they are very young and can, well, live forever - so they tend to spend more rather than save.

After all, they keep fit, exercise regularly and are confident they can keep working way past their 60s or even 70s. So why plan for retirement when they don't actually plan to retire at all?

In financial planning circles, such people are termed "Peter Pans", after the fictional character in the famous fable who can stay young forever.

But the reality is much harsher for these folks because many are likely to find themselves very short of money in old age.

If you do not have ample savings and lose your job through no fault of your own, how are you going to support yourself, not for one or two years, but for the next 20?

Yes, you think you can still work, but what if jobs are not readily available, such as the situation we now find ourselves in?

A recent OCBC survey has uncovered some worrying trends - 75 per cent of Singaporeans not only do not do sufficient planning for retirement, 37 per cent of them actually live by the day and do not even think about saving for old age.

"The survey shows that Singaporeans are not very good at planning for retirement and the pandemic has even made it worse," says Ms Koh Ching Ching, OCBC's head of group brand and communications.

 

[Throttle2]

On 12/6/2020 at 9:26 AM, therock said:

https://www.straitstimes.com/business/invest/peter-pans-may-find-themselves-short-of-money-in-old-age

 

 

Well, we are and should be responsible at least for ourselves.  Thats basic rule no.1

 

and if all else fails just click on the links you find on youtube for all the guru courses which will make you rich. 

Edited December 7, 2020 by Throttle2

[Ho2786]

when I had a job, I paid a lot of taxes.

now that I am jobless, I gonna suck back every cent with interest.

[Throttle2]

11 minutes ago, Ho2786 said:

when I had a job, I paid a lot of taxes.

now that I am jobless, I gonna suck back every cent with interest.

Show me how leh, i also want to suck back.

 

[Jman888]

i am Peter 

[Windwaver]

On 9/9/2020 at 5:01 PM, Throttle2 said:

They can sell their assets 

state money is not for supporting people who holds private properties.

They can also try selling their ass