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.

[thretiredDad]

credit card debt is not good debt at all, the interest rate is loan shark rate..
cc is just convenience, n one must pay up on time

It is free 30 or 60 days money
if you know how to take it out free

 

[satayxp]

It is free 30 or 60 days money
if you know how to take it out free

sure.. as long as u pay up on time

 

[thretiredDad]

$100 also cash

$100,000.00 also cash

$1,000,000.00 also cash

$100 cash cannot buy you hdb
$100,000 cash cannot buy you hdb
$1,000,000 cash, can buy buy hdb

 

[thretiredDad]

sure.. as long as u pay up on time

You roll, not spend

 

[satayxp]

You roll, not spend

roll wat? if u dun pay up on time the loan shark rate will roll u

 

[VEF888]

credit cards are good mah, help you get discounts and track expenses, just pay off all outstanding balances every month.

for car, one might reach a certain point where you feel the monetary tradeoff is worth it for personal space and time savings. to each his own but if you well afford it, it's certainly worth it.

 

[thretiredDad]

roll wat? if u dun pay up on time the loan shark rate will roll u

bank give you big limit
because they trust you with credit

 

[archon75@]

Average Singaporean have cars and credit cards. They also employ maids.

They also accumulated 100k per year like TS?

 

[archon75@]

credit cards are good mah, help you get discounts and track expenses, just pay off all outstanding balances every month.

for car, one might reach a certain point where you feel the monetary tradeoff is worth it for personal space and time savings. to each his own but if you well afford it, it's certainly worth it.

Credit card can use for investment De woh.. Tiagong can have installment as well

 

[Iamdone]

Fully paid HDB is pre-paid rental till 99

 

[thretiredDad]

Credit card can use for investment De woh.. Tiagong can have installment as well

You are getting there
i save $400 interest each month
with credit card

 

[coyote]

Is he EDMW role model?

Sorry to say, he's just another financially handicapped Singaporean who failed toanage his finances. That's why many things are unaffordable to this group of people. What's her edmw nick by the way.

Hyper inflation will eat her saving for lunch and she will be crying how little things her money can buy in years to come. Invest her money in properties, shares and get a mortgage loan as leverage. That's what we called financial prudence.

 

[randyap]

You are way better off than most Singaporeans bro.
After i finish my hdb loan payment early, i'm going to retire and enjoy an easy life before 50.
People can continue going after their 5Cs, rolex, submariner, Telsa car, branded stuffs, i don't give a shlt.

 

[Ohayo!]

bbfa, stay rented flat, earn 1k per mth, cai png, fap everyday.

ideal edmwer lifestyle

 

[coyote]

Is he EDMW role model?

Yup, role model of people who do not know how to manage their money.

 

[krey]

very good if the intent is to be forever alone

 

[satayxp]

You are way better off than most Singaporeans bro.
After i finish my hdb loan payment early, i'm going to retire and enjoy an easy life before 50.
People can continue going after their 5Cs, rolex, submariner, Telsa car, branded stuffs, i don't give a shlt.

well said

it is great to hv the 5Cs, n u still can hv the 5Cs but they dun hv to be rolex, submariner, tesla, watever.. bcos these brands chop u carrot gao gao ~

 

[thretiredDad]

Sorry to say, he's just another financially handicapped Singaporean who failed toanage his finances. That's why many things are unaffordable to this group of people. What's her edmw nick by the way.

Hyper inflation will eat her saving for lunch and she will be crying how little things her money can buy in years to come. Invest her money in properties, shares and get a mortgage loan as leverage. That's what we called financial prudence.

she is a girl?

 

[thretiredDad]

I wonder where the idea of debt free come from

Yup, role model of people who do not know how to manage their money.

 

[thretiredDad]

bbfa, stay rented flat, earn 1k per mth, cai png, fap everyday.

ideal edmwer lifestyle

Bbfa buy 1 room bto