Will You Try To Pay Off Your Housing Loan ASAP If You Have One?
When I told some colleagues that I dumped all available CPF money to pay up and took up only 5-year housing loan. I believe some of them might think that I was stupid not to take advantage of the cheapest loan available.
"debt-free and that, to me, is richness enough" - Tabitha Wang
I am telling you that from my own personal experience in the worst crisis I have encountered - 1997 Asian Financial Crisis that what Tabitha said is definitely the Truth
In 1997-98, I have witnessed some colleagues broke down in tears when they were told that they were lay off. Some of them were so worried about their mortgage payments.
At that time, I was less worried than many other colleagues as I was debt-free after paying up 5-year HDB housing loan some years back before the Asian Financial Crisis. Then I finally realized that "I am not Stupid!"
Posts
STI-30 Watchlist – Mon 28 May 2012
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Apologies for the lack of updates in the past couple of weeks. Since the
last Watchlist update on 6 May, the STI has followed trended downwards in
tandem g...
2 hours ago
I agreed with u. Debt free is always good.
ReplyDeleteEven if u got lay off then u got 1 thing less to worry