As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Sunday, 5 August 2018

Counting The Cost Of University Education at SUTD (9)


Read? Counting The Cost Of University Education at SUTD (8)


Year 1 to 3 (Apr 16 to Mar 19)

As of today update, 5 Aug 2018

Tuition fees and all living and studying expenses

1. Three Year Uni course at NUS for son: $30.6K

2. Four Year Uni course at SMU for daughter: $61.4K ( including an Overseas Exchange Programme in Paris)

3. Year 1 to 3 as of 5 Aug 2018


Total cost for three children at 5 Aug 2018 = $141K!

That is passive income @ 5% yield of $7K per year.





3 comments:

  1. $200 per month allowance from each kid = $7,200 per year passive income. :) LOL

    ReplyDelete
    Replies
    1. Monthly allowance is mom's passive income. :-(

      Delete
    2. I doubt $200 monthly allowance is enough especially if the student stays in hall where all 3 meals are consumed outside home. Or takes both lunch and dinner on campus due to study and project work. Not sure, just curious and planning.

      Delete

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