no money no talkfor poor souls like us, location can't be e priority anymore. money is so impt. in fact, money seems to determine how good one's life can be. m scott peck says tt life is difficult. i say it's more difficult for pp like me than those who stay in landed properties, frequent high class restaurants 5 times a week (e remainder 2 days are spent tricking mums into thinkng tt they are better than din tai fung chefs), and those can get married anytime they want (like those korean dramas).
retirementbeen spending my free time in e office scouting for flats (other than finding info on lasik) & calculating e costs. and in e midst of doing this, i realise tt it's so impt to set aside sufficient funds for retirement!
let's say i need $1K a mth if i'm being frugal, and i happen to retire at e comfy age of 55 - yea yea i'm lazy. and i die @ 75 yrs old.
amt needed = $1K x (75-55) x 12 = $240K
fucking hell where am i gonna get tt kinda money?! my cpf is prob gonna give me only abt $100K (after all e deductions of instalments). so wat else can i do? save up & invest in unit trusts?
savings = $500 x (55 - 26) = $174K
wif a bit of conservative investment, prob can hit $185K lah. and i think i still got some insurance funds wif hsbc which i can withdraw in my 40s. but bear in mind, tt's only if i can tahan being frugal!
final verdictno cash for buying flat @ toa payoh. too expensive & might be smaller / older. ya lor i eating sour grapes now. budget has to be cut down greatly to $200K (meaning: settle for a plce in yishun liao). would rather set aside some funds to renovate e place till nice nice. stay liao feel more comfy... happy!
for e 1st time in my life, i genuinely wish tt i strike toto or 4D!
(hmm wonder how much tt gold chain is worth? =p)
