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Thread: Life is a struggle.You struggle ... again & again. And one day, you trumph

  1. #21

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    Quote Originally Posted by cbsh38584 View Post
    Life is a circle of happiness , struggles , hard times , good times etc. If you are going through hard times, have faith that good times are on the way.


  2. #22

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    Life is always a struggle. Do not get yourself into a painful struggle which you can avoid at the initial stage.
    Do not invest into ppty if you are a mariginal case investor.


    A couple (age 35 to Age 40) with 2 kids (age 3-10) earning combine Salary of $12k-$15k is better off living in HDB rather than upgarde to condo.
    1st priority has to be plan your future retirement as early as possible through CPF. High interest (2.5% to 5%) & guarantee.

    There is no certainty in term of job sercurity now. Always remember that the company you work for promise you job today but never promised you job tomorrow. Be prepared for rainy days. No matter how well you’re doing, you’ve got to be prepared. Don't plan to fail & go into a high debt


    Assuming you are buying a condo costing $1.2m. Loan $900k. Part of your purchase is using CPF-OA whcih wipe out your future retirement.

    1) Combine couple Salary assuming $12k- $15k/mth

    Per month
    =======
    Mortage loan of 900k (1.5%) = $4300
    ppty tax = $80 ($2.5k/yr)
    Maint Fee = $300
    Mortagage insurance = ??? (Some dont buy at all)
    Electricity bill = $250
    Family car loan ($70k) = $1000
    Car petrol = $250
    Car insurance = $80
    Car road tax = $80
    Couple HP bill = $120
    Starhub SVC = $60
    Kids enrichment = $500
    Kids school fee = $800 (age 3-10)
    Family expense Food etc = $800
    Maid =$700
    Piety Filial - Parent =$1000 (I hv a high Salary earner friend paying $6k/mth mother. Wife not so happy)
    Misc like holiday etc = ???
    Misc like sick = ???
    -----------------------------------------------
    Total $9070
    -----------------------------------------------

    Couple insurance est = $1400
    2 Kids insurance = $600
    =====================
    Total family insurance = $2000/mth
    ======================

    Your expense family est per month is around $11,070. Couple Salary is 12k-$15k. You are in a border line case. Risk is high as you cannot guarantee your job is secured. Stay where you are. It is a totally different condition in SG. If you dont have the right skill. A master or a honor degree is also useless.


  3. #23
    Ultimate Underdog
    Join Date
    May 2012
    Posts
    3,907

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    My kids enrichment and school related fees cross 2K per month actually.

    Property tax cannot be 80 pm if annually 2.5K.

    Anyway the profile stated is more relevant for EC or resale EC limited at 1 mil, preferably with loan below 600K.
    Last edited by Kelonguni; 14th June 2017 at 12:06 PM.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.


  4. #24

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    Quote Originally Posted by cbsh38584 View Post
    Life is a circle of happiness , struggles , hard times , good times etc. If you are going through hard times, have faith that good times are on the way.
    It is sad that our famous Lee family's petty disputes over their late father's Oxley Road home has become interntional news.
    Let hope the Lee family internal struggle will end amicably soon.
    Our father of S'pore. LEE KUAN YEW - I will always love you for what you have done for Singapore.



  5. #25


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