I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Welcome to Ministry of Wealth!

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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Sunday, 18 September 2011

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (11)

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (10)

Enjoy loan tenure up to 40 years, or 70 years of age, whichever is earlier.

40 years housing loan!!! 

The banks are telling you to take your time to pay your housing loan and become a wage slave for next 40 yrs or up to 70, whichever is earlier!


  1. Uncle...
    40 yrs loan!!!! *gasp*
    Me trying to pay off in another... 8-9 yrs... that makes my original 30 loans to 15 yrs...*smile*
    Think the banks are really laffing now as the early years are paying the interest more than offsetting the loan amt... was super piss off when i recieve my first HDB statement!!! wahahahahahaha

  2. Repayment of a home loan is usually made in monthly installments. Each installment consists of two parts: principal repayment and interest payment.

    Do ask your bank to provide you a full details of home loan repayment schedule, then you would know how much of the monthly installment goes towards paying the principal and how much towards paying interest, and the total amount of interest payable for the whole loan tenor.

  3. I think mortgage loan is "good debt". If I have cash, I would rather use this cash to invest in stock/property for higher return as compare to bank loan of <2%.

    Paying off home loan earlier does not increase your networth.

    However, it is good practice that one should pay off housing loan (home) by age 55-60. For investment property, one should try to use leverage to max. positive cash flow from rental income.



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