I am an average sinkie. I don't own a car. HDB fully paid. I don't have credit cards. I have cash and I am happy. Cos I am debt free.

[mewmew]

Lol dont pay fof place to stay, food, electricity, water bill etc then what?

Ah can stay with parent , hoping they just change name and give it to you? Or alot ppl also will buy but rent whole flat out and stay with parent? Rental 100% keep not bad idea

prease be mindful of hyperinflation and dont assume the worst

channel some positivity tank kew

 

[Acetron]

good, now you can work on your retirement funds

 

[kittyklysm]

$500 not even enuff to service his insurance premium when he ish 60

Actually at around that age can cancel insurance liao? After all dying soon, doesn't matter le.

 

[mewmew]

Actually at around that age can cancel insurance liao? After all dying soon, doesn't matter le.

after 70 bah, dont later want die cannot die trouble yrself trouble others

 

[Bardiel]

u happy can liao. post for what?

 

[BigMonkey]

kum gong. CC let you earn points and rebates as long as you spend within your means and pay on time.

 

[pikafunk3]

wow
so many jelly

 

[Daty41]

nowdays debt free is not the ideal model any more..need future proof. Sad but true. Debt free is not that difficult for many ppl anymore, they can achieve that late 30s or early 40s (provided they do not get a huge expensive house). CPF is the bare minimum (i think CPF is good for most ppl), but savings / investments (good type) is still not the norm.

 

[EJB]

I have hdb, I have car, I have credit cards, I have cash and I'm debt free.

So.... what's the point?

 

[thretiredDad]

I dare say now younger generation more fast and furious with money than me back then.

younger generation now
has dad and mum to rely on

 

[Ch3tah_39]

prease be mindful of hyperinflation and dont assume the worst

channel some positivity tank kew

Hyperinflation? Is it a new term that is loosely use? But can be kind and share what to look out for an how to reduce the risk? Tank kew..

Ah, cause everything also pay and pay ma so just wondering how not to pay if a roof over head is somewhat like "necessity". Tank kew

 

[wooooot]

depends did he live a full life ? if yes, then kudos

i am debt free, condos all paid as well but i also have fun in life

 

[SayPorkGuy]

I have hdb, I have car, I have credit cards, I have cash and I'm debt free.

So.... what's the point?

imma own nothing and am debt free. dontch see any point also.

 

[thretiredDad]

depends did he live a full life ? if yes, then kudos

i am debt free, condos all paid as well but i also have fun in life

You are my role model

 

[dannytan87]

depends did he live a full life ? if yes, then kudos

i am debt free, condos all paid as well but i also have fun in life

jskm..........

 

[Trueblue82]

Hope for the best, prepare for the worst......

touch wood u can be happily debt free, but one disease or accident can knock your financial status down quite a bit.

 

[EJB]

imma own nothing and am debt free. dontch see any point also.

Exactly... wob?

 

[PikaPika33]

is good to have some debt
make your money work for you

 

[wisewise]

I know a bbfa in his mid 30
Accumulated a $300,000 portfolio
with annual dividend of 3.5%
control his spending to $500 each month
And proudly declared he has retired

500 spending every month…… he is best off not living.

 

[thretiredDad]

500 spending every month…… he is best off not living.

He can laugh at us
still in rat race