This guy is as smart as me, put more money into your CPF account.

[zeroo]

I was employed for 12 years. Starting pay $2200 at 24yo. By the time I am 37, I have enough in my CPF to fully pay for my resale flat, but I choose to leave the money in CPF. Instead I took a bank loan. Why? Because CPF PAYS 2.5% interest for my money in the Ordinary Account, while I pay the bank 1.2% for the loan. I made 1.3%. I planned to fully redeem the loan if interest rate rises.

Every year, I transfer the interest earned in the OA, to the Special Account to earn a higher interest of 4 - 5%. Letting the magic of compounded interest to help me build my basic retirement nest egg.

Meanwhile, I used MEDISAVE to pay for the integrated shield plan which I have to pay out of pocket if there is no MEDISAVE.

 

[AfterTheWar]

Say your pigeon hole costs $700,000 but when u take loans, the total amount u pay for your pigeon hole after interest will be over a million

Now u can pay in full without taking loans if u have the moolah but u can't in the old days which means die die must pay HDB interest rates.

 

[tonychat]

I was employed for 12 years. Starting pay $2200 at 24yo. By the time I am 37, I have enough in my CPF to fully pay for my resale flat, but I choose to leave the money in CPF. Instead I took a bank loan. Why? Because CPF PAYS 2.5% interest for my money in the Ordinary Account, while I pay the bank 1.2% for the loan. I made 1.3%. I planned to fully redeem the loan if interest rate rises.

Every year, I transfer the interest earned in the OA, to the Special Account to earn a higher interest of 4 - 5%. Letting the magic of compounded interest to help me build my basic retirement nest egg.

Meanwhile, I used MEDISAVE to pay for the integrated shield plan which I have to pay out of pocket if there is no MEDISAVE.

You are telling us how stupid you are!!!! Ok ..we absolutely get it

 

[Boliao]

I was employed for 12 years. Starting pay $2200 at 24yo. By the time I am 37, I have enough in my CPF to fully pay for my resale flat, but I choose to leave the money in CPF. Instead I took a bank loan. Why? Because CPF PAYS 2.5% interest for my money in the Ordinary Account, while I pay the bank 1.2% for the loan. I made 1.3%. I planned to fully redeem the loan if interest rate rises.

Every year, I transfer the interest earned in the OA, to the Special Account to earn a higher interest of 4 - 5%. Letting the magic of compounded interest to help me build my basic retirement nest egg.

Meanwhile, I used MEDISAVE to pay for the integrated shield plan which I have to pay out of pocket if there is no MEDISAVE.

Who are you kidding?

Let's ignore that this guy doesn't even make more than $5000 and calculate his monthly CFP contribution at max possible amount $1800 (pre-2015). After 12 years, his total contribution stands at $260k. Since only 62% goes into OA, that amounts to $162k. That is barely enough to buy a new flat 10 years ago; let alone resale.

 

[xpo2015]

What if your life is taken away tommorow. Who will get all of your money?

 

[winnipegjets]

I was employed for 12 years. Starting pay $2200 at 24yo. By the time I am 37, I have enough in my CPF to fully pay for my resale flat, but I choose to leave the money in CPF. Instead I took a bank loan. Why? Because CPF PAYS 2.5% interest for my money in the Ordinary Account, while I pay the bank 1.2% for the loan. I made 1.3%. I planned to fully redeem the loan if interest rate rises.

Every year, I transfer the interest earned in the OA, to the Special Account to earn a higher interest of 4 - 5%. Letting the magic of compounded interest to help me build my basic retirement nest egg.

Meanwhile, I used MEDISAVE to pay for the integrated shield plan which I have to pay out of pocket if there is no MEDISAVE.

This guy is STUPID.
He could have earned more if not for the PAP Foreigners First policy.
If the PAP investment rate of return, he could have gotten his flat at least a decade earlier.
His HDB flat is overpriced by at least 3X.

PAP conned him and he didn't even know it. It is just like a girl getting raped and being thankful for it.

 

[syed putra]

What if your life is taken away tommorow. Who will get all of your money?

The garberment will take care of your beneficiaries no matter how little your balance is.

 

[ykhuser]

Who are you kidding?

Let's ignore that this guy doesn't even make more than $5000 and calculate his monthly CFP contribution at max possible amount $1800 (pre-2015). After 12 years, his total contribution stands at $260k. Since only 62% goes into OA, that amounts to $162k. That is barely enough to buy a new flat 10 years ago; let alone resale.

brother why you expose him?

 

[virus]

You are telling us how stupid you are!!!! Ok ..we absolutely get it

zeroo cure for stupidity