You look like a clever doctor I've seen somewhere before definitely not chef.
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Is $50,000 per year enough to retire in Spore?
- Thread starter johnny333
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You look like a clever doctor I've seen somewhere before definitely not chef.
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hi there
1.
2. how much is sufficient to retire is pretty subjective leh.
3. it shall depend on the respective individuals too.
4. what's equally vital: medical insurance coverage.
5. an able body with sound mind.
6. and how to spend time meaningful during the 2nd half:p
1.
2. how much is sufficient to retire is pretty subjective leh.
3. it shall depend on the respective individuals too.
4. what's equally vital: medical insurance coverage.
5. an able body with sound mind.
6. and how to spend time meaningful during the 2nd half:p
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I was talking to someone & the the discusson on just how much you need per year came up. If one has already got a home fully paid up. No intention of owning a car. Can a single person survive on only $50,000 per year for the next 20 years
I remember someone mentioned a figure of retiring with $1.3 million, is this really enough? Or should someone consider moving out of Spore?
The average Singaporeans don't even earn 50K a year any idiot that tells U 50K is not enough should be shot
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Can a single person survive on only $50,000 per year for the next 20 years
bro,
several questions. 50K a year, how is it derived from? from savings? or passive income?
20 years, no cars needed, house purchased and paid for, what is he gonna do for the next 2 decades?
This seems to be everyone's worry, getting ill & facing expensive health bills.
I had a taste of Spore's ICU when I had my heart attack. The room cost me about $400 a day. For that price I only consumed oxygen, & no food. If one needs $10,000/day then obviously a serious case . Something like what the Gecko must have experienced before she up the lorry. In my opinion probably a good time to good bye to the world.
I am going to make sure to get some health insurance from some reputable company.
erection2015
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Don't know how my friend came up with his figure. Sporeans are sensitive about $$:o
However he is about the same age as me & I am getting $50k in dividens from shares i.e. I am not touching the principal.
We have paid for our homes. As a retired person he doesn't really need a car. I have also given up my car years ago.
What we will be doing for next 2 decades is the subject of this thread
Trying to determine if $50k is enough for a comfortable lifestyle in Spore.- Joined
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Datok,
If no wine, women and song, 50k annually, definitely enough if no debts.
If no wine, women and song, 50k annually, definitely enough if no debts.
erection2015
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if you get recurrent income of 50k annually from blue chip shares then you are in pretty good shape....These shares should appreciate over time to at least keep pace with inflation so that your principal is protected
Don't know how my friend came up with his figure. Sporeans are sensitive about $$:o
However he is about the same age as me & I am getting $50k in dividens from shares i.e. I am not touching the principal.
We have paid for our homes. As a retired person he doesn't really need a car. I have also given up my car years ago.
What we will be doing for next 2 decades is the subject of this thread
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cannot anyhow say how much u nid 1 ...
different ppl got different lifestyle ... u oso gotta compare wif ur current lifestyle ...
watz ur (or ur frenz) lifestyle now? ... how much is ur (frenz) yearly expenditure? ...
if u spend 100k yearly now, r u willing 2 cut it down 2 50k? ... u gotta cut down on a lot of tings u noe ...
if u spend 50k yearly now, u gotta factor in tings u r not needing now (eg medical) ...
if u spend 30k yearly now, is n xtra 20k sufficient 2 cover tings u r not needing now? ...
ofcos, if u r stil paying 4 a car now, u gotta replace dat wif public transpot costs ... nobody noe how much u travel ...
nobody noes exactly how u spend ur moni yearly ... oni u noe ...
I'm a retired lesser mortal
Canada is a nice place. In fact I plan to visit to get some $ that I invested there years ago.
The concern I have with Canada is that you have to spend at least 5 years before you can apply for citizenship. Currently I intend to travel a bit while I'm fit & have the energy.
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What we will be doing for next 2 decades is the subject of this thread
dividends 50K per year, inflation will erode this sum significantly in 2 decades. must grow capital.
survival more than enough, comfort level depends
Maybe it's easier for me to ask what kind of a life style will $50k/year buy me in Spore for the next 20 years
Friend & I will adjust our lifestyle to what $50k can comfortably pay for. Since we are already old we don't need to get big ticket items like car or home. For health we'll get health insurance.
If we have to sacrifice too much we can always chose to move to a hotel with a different cost structure.:o
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Boss Sam recommendation of min 3mil is for people in different league. My league is more like your old friend. But I will skip the 4D tot $100 and massage
But Boss Sam mention about inflation which is 1 factor .Another bro said can be just sleep, eat and surf sbf, and they passed away, which is true, cos I have seen people retire and within 4-5 yrs of sleep, ea and surf sbf they really up lorry
Hence in between sleep, eat and surf sbf, need to do some free exercise e.g. cycling, swimming, etc
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Currently my small investment only generates side income of abt $300 per mth for me :( May I know how much u started with for the investment part ?
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Maybe it's easier for me to ask what kind of a life style will $50k/year buy me in Spore for the next 20 years
Friend & I will adjust our lifestyle to what $50k can comfortably pay for. Since we are already old we don't need to get big ticket items like car or home. For health we'll get health insurance.
If we have to sacrifice too much we can always chose to move to a hotel with a different cost structure.:o
anyone who is still in sinkieland in 20 years time is a complete failure.
dividends 50K per year, inflation will erode this sum significantly in 2 decades. must grow capital.
survival more than enough, comfort level depends
I don't see myself just sitting around & doing nothing on the financial front for the next X years.
I'll probably set aside some $ to trade ETFs. Will see how it goes
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I don't know anything about the transportation industry in NZ so I'm not in a position to offer any advice.
The important thing is to get into the habit of putting aside something each month. The trouble in Spore is that here's not much oppurtunity to grow what you have saved because of the high overheads that is charged.
Something you can consider is to invest in Malaysia stocks. Simple to do:
Open a Malaysian trading account in JB.
Save some $SIN.
When the exchange rate is favourable, convert to ringgit & use the ringgit to buy Malaysian blue chip stocks.
When the stocks pay a dividen use it to buy more stocks.
Keep doing this until you retire.
If you do it right, you'll minimise your exposure to the foreign exchange fluctuations. The reason I am suggesting investing in Malaysia & not Spore is because of the highe over heads in Spore.
In Malaysia they don't charge a monthly fee for holding your stocks.
There is no gst charged for the stocks bought & on the dividens.
You can buy shares in 100 lots vs in Spore where a lot is 1,000 shares.
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