Singaporean retires at 63 with 300k cash, 150k cpf, 4 room hdb. Everyday eat bread n rot at home $500 monthly expenses, considered successful?

[UltimaOnline]

Such a Singaporean is already above average because majority of Singaporeans are in never ending debt. So considered successful relative to most Singaporeans liao. Are you better off? Then you're a successful Singaporean liao.

Source :
https://forums.fuckwarezone.com.sg/...ead-n-rot-home-$500-month-expens-6481460.html

 

[batman1]

U must have cash in hand $1 million in red Dot,then u can say u have no financial worries.

 

[redbull313]

Such a Singaporean is already above average because majority of Singaporeans are in never ending debt. So considered successful relative to most Singaporeans liao. Are you better off? Then you're a successful Singaporean liao.

Source :
https://forums.fuckwarezone.com.sg/...ead-n-rot-home-$500-month-expens-6481460.html

This is peanut money

 

[Hypocrite-The]

If soylent green was freely available. Can retire, go on tour be happy etc n have a final farewell party b4 the money runs out. Better than living like this miserably and living longer

 

[sweetiepie]

KNN my uncle think OK lah KNN she can still upsize to spend 1k per mth 450k /1k = 37.5years + 63yo = 100yo KNN you may say not enough if sick KNN problem is if sick even got 1mil also not enough KNN

 

[horny]

She should have downsize her flat for more income

 

[syed putra]

If you retire, you will die sooner or later. Most retirees may provide consultancy in the business they were in.

 

[jw5]

Every day eat bread and cheese and cai png is quite sad.

 

[myfoot123]

Such a Singaporean is already above average because majority of Singaporeans are in never ending debt. So considered successful relative to most Singaporeans liao. Are you better off? Then you're a successful Singaporean liao.

Source :
https://forums.fuckwarezone.com.sg/eat-drink-man-woman-16/retire-63-300k-cash-150k-cpf-4-room-hdb-everyday-eat-bread-n-rot-home-$500-month-expens-6481460.html

After downsizing, the burger will get enough cash for retirements and fully paid 2-room old folks BTO. Unfortunately, PAP many elections of brain washing about HDB appreciating value has became hard to wash off from their old supporters.

 

[Pinkieslut]

She should become a prostitute sell her old dried cunt for $5 per shot.

these over entitled Sinkies think they are big fuck by nature of being born here.

 

[Asterix]

1. She can rent out 2 rooms in her 4 room HDB. Keep smallest room locked to maintain pretense of owner occupied flat. Depending on area, can fetch about $1,300 per month or RM3,900.
2. Use 150k CPF to buy CPF life. At 65, can collect about $850 per month or RM2,550 - for life.
3. Total monthly income for doing nothing = RM 6,450.
4. Can easily rent 2 bedroom condo in JB for RM1,500 per month. Monthly expenses should not be more than RM2,000.
5. Get a basic Perodua Axia Automatic for less than $13,000. Learn how to drive. 60+ then take driving test, no problem, just pay a little bit of coffee money to make sure 100% pass test at first attempt, then drive carefully.
6. When RTS is ready, every 30 days drive to JB Sentral, park and ride to Singapore. Can stay in unoccupied small bedroom of her HDB flat for one or two days or just straight back to JB on the same day.
7. Still have RM3,000 per month left for discretionary spending without touching the rest of her $300,000 cash savings. That is $12,000 every year for holidays abroad.
8. Use half of her $300,000 cash to invest in strong dividend paying stocks.

 

[sweetiepie]

1. She can rent out 2 rooms in her 4 room HDB. Keep smallest room locked to maintain pretense of owner occupied flat. Depending on area, can fetch about $1,300 per month or RM3,900.
2. Use 150k CPF to buy CPF life. At 65, can collect about $850 per month or RM2,550 - for life.
3. Total monthly income for doing nothing = RM 6,450.
4. Can easily rent 2 bedroom condo in JB for RM1,500 per month. Monthly expenses should not be more than RM2,000.
5. Get a basic Perodua Axia Automatic for less than $13,000. Learn how to drive. 60+ then take driving test, no problem, just pay a little bit of coffee money to make sure 100% pass test at first attempt, then drive carefully.
6. When RTS is ready, every 30 days drive to JB Sentral, park and ride to Singapore. Can stay in unoccupied small bedroom of her HDB flat for one or two days or just straight back to JB on the same day.
7. Still have RM3,000 per month left for discretionary spending without touching the rest of her $300,000 cash savings. That is $12,000 every year for holidays abroad.
8. Use half of her $300,000 cash to invest in strong dividend paying stocks.

KNN that was what Very Kind Lady did and 9. Ended up in imh KNN

 

[sweetiepie]

She should become a prostitute sell her old dried cunt for $5 per shot.

these over entitled Sinkies think they are big fuck by nature of being born here.

KNN that was what happened to Very Kind Lady KNN

 

[Asterix]

KNN that was what Very Kind Lady did and 9. Ended up in imh KNN

Never ever followed her numerous posts and the people who responded to them - both are equally annoying for blanketing the forum with their nonsense. A brief glance seems to indicate that she bought a house in JB looking for price appreciation, but ended up losing money and then kpkb.
Renting is a much better idea. If SGD appreciates, the rental expenses in JB becomes cheaper and the rental income from HDB flat becomes more when converted to MYR - win win. Most Sinkies can't see beyond their nose and cannot think out of the box.

 

[laksaboy]

Success is a very subjective matter, comparing success is a fool's errand.

How about an ordained Buddhist monk at that age, who earns/owns nothing but his basic necessities are provided for by donors? Is that a success or a failure?

 

[glockman]

1. She can rent out 2 rooms in her 4 room HDB. Keep smallest room locked to maintain pretense of owner occupied flat. Depending on area, can fetch about $1,300 per month or RM3,900.
2. Use 150k CPF to buy CPF life. At 65, can collect about $850 per month or RM2,550 - for life.
3. Total monthly income for doing nothing = RM 6,450.
4. Can easily rent 2 bedroom condo in JB for RM1,500 per month. Monthly expenses should not be more than RM2,000.
5. Get a basic Perodua Axia Automatic for less than $13,000. Learn how to drive. 60+ then take driving test, no problem, just pay a little bit of coffee money to make sure 100% pass test at first attempt, then drive carefully.
6. When RTS is ready, every 30 days drive to JB Sentral, park and ride to Singapore. Can stay in unoccupied small bedroom of her HDB flat for one or two days or just straight back to JB on the same day.
7. Still have RM3,000 per month left for discretionary spending without touching the rest of her $300,000 cash savings. That is $12,000 every year for holidays abroad.
8. Use half of her $300,000 cash to invest in strong dividend paying stocks.

Good calculation. But for a 63-yr old to move to JB is likely not an option.

 

[jw5]

Success is a very subjective matter, comparing success is a fool's errand.

How about an ordained Buddhist monk at that age, who earns/owns nothing but his basic necessities are provided for by donors? Is that a success or a failure?

If he has total peace of mind, I would reckon success.

 

[Charlie99]

If he has total peace of mind, I would reckon success.

Like that former LTC commando officer who became a monk after his wife died.

 

[Leongsam]

Based upon my latest calculations savings of at least $7 million are required to retire comfortably in Singapore.

 

[kaninabuchaojibye]

i am practising to eat 1 meal a day
i think is more than enough for a human being to live
eat more shit more, eat less shit less
just have one super nutritious meal is enough plus lots of exercises and plenty of water