FinancialAdvice

BTO at 55. Would you?

Soon to be 49. Have a one year old kid. Living in a 3 room HDB but was converted to a studio before I became a father. Not baby friendly and kid needs space to run. No debt on this flat. Should I apply for a BTO? I’m selling an investment property in Nov which means the earliest I can BTO is mid 2028 which I’ll be 52. Key collection at 55. I understand that’s when you start paying the installment or have I been misinformed? I’d be happy to have a longer tenure and start paying earlier if it’s upon successful BTO. I have enough in my CPF to pay down payment for a 550k 4 rm. Monthly CPF contribution is about $2700. AI says I’ll have about 600k in CPF when I hit 55. Would you rather renovate or BTO if you were already 55. Also if BTO pay the entire cost or take a HDB loan and invest the CPF? Thanks and hope not to get clobbered here.

What will you do with 700k portfolio at 30yo?

Recently I’ve (29m) been going down the rabbit hole of YouTube videos around the following philosophies: 1. Die with zero 2. Ideal end state exercise 3. Regret minimalization framework I’ve had these ideas for a couple of years, and hence have been working towards FI. Here is my current state: 1. 700k investment portfolio 2. Tech job with 200k TC (only got it this year) 3. Good work life balance, can take leaves whenever, colleagues and customers are nice 4. Manager is non-existent because I’m exceeding my KPIs so he doesn’t bother me 5. Single, no kids and parents are healthy 6. No mortgage, no car, no debt 7. Healthy body, exercise regularly 8. Semi-active in options selling and have been profitable for the past 2 years So given the above, I’m in a little bit of a dilemma. I have no reason to leave my current job, but I can’t help but feel I’ll only be in this phase of my life once, before I consider starting a family or my health deteriorates. I’m seriously considering of doing something memorable for my 30s and create memories that will last the rest of my life. My plan if I quit is to stay in different parts of SEA (low cost) to do dive courses, motorbike loops, MMA classes, and maybe learn more skills, all while documenting my journey maybe by vlog. Perhaps meet an SO, eventually live abroad, those are on the table. But nothing concrete yet. Love to hear what others would do in my stead. Welcome all ideas, feedback or advice!

17k annual paycut for better WLB?

I have about 5 years of experience in tech. My current annual is about 130,000. New company offering 112,000. Paycut is about 17,000 per year. Better WLB, good medical benefits and general benefits. Current company is very unhealthy despite high pay. Higher than median for my job rank and title. Should I do it.

Anyone took a long break (6 - 12 months) from corporate world? Can share experience?

- Male in 40s in IT sector. Main breadwinner. (Total household income 12k/mth) - Family with two children (8 and 5) - Essential Expenses 4K/month - HDB and car fully paid - Liquid assets (250-300k in stocks, mostly dividend stocks ard 4-5% yield) Abit jaded from corporate world and want to see if I can do something more fulfilling which sadly I don’t know what I am really looking for. So want to take a year break and recharge and reflect. Company allows that and I can go back but possibly a different role/team. Family is supportive. But I also don’t want to drain too much savings during this period, so I want to do some side gigs (Eg lalamove). Can’t do private hire as car has child seats. Have experience in wordpress site, mobile app dev, creating marketing content such as infographics and doodle animation video. Would like to hear from anyone with similar experience and took a break? Can share experience? Any regrets? Love to hear any suggestions on how to earn some side income. Thanks folks!

Should I retire now at 30 years old?

I’m single M30, living in an almost paid up 2BR condo (monthly mortgage $500 from CPF), savings ~1M and earning ~200-250K p.a. Expenses ~3K per mth Thinking of quitting and FIRE now since my savings/investments can cover my lifestyle. I will travel, exercise, do some hobbies and maybe start a YouTube/insta page to talk about investing/my life as a retiree…? Not sure if I’m crazy to retire so early and get out of the rat race. Anyone can relate or have suggestions? Will I be too bored and waste my life away lol Just wanna say I’m of course grateful to be in a financially comfortable position. I am working crazy hard and even in office right now waiting for partners’ emails to come in. Here to crowdsource thoughts only

Reasonable net worth to have by age 30?

Just curious how much should a 30 years old should have. Some brief description of person, local uni grad, not a high flyer, single Is the following appropriate and reasonable? CPF: $100000 Life Insurance/Savings Plan: $50000 Cash: $100000 Just wanna seek your views and what do you is appropriate if differ from the above? thanks

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