Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? When I told a few colleagues that I have 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 Asian Financial Crisis (AFC), I have witnessed few colleagues broke down in tears when they were told that they were lay off. Some 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!"
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.