- Joined
- Aug 16, 2008
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buy smaller property and save like mad during employment. only spend $20 a day inclusive transport and food.
CPF can pay mortgage for 10 yrs without employment. $15k cash can last me a year without job while supporting my mother.
If I rent out master and common room and sleep in living room, can
survive on rental alone. when CPF runs out in 10 yrs, can downgrade to some lousy Woodlands flat.
This is worst case scenario, I try to keep myself employed in the
meantime.
Actucally CPF system not too bad in case
of cash flow problem it can help you to pay for your house