"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." - Createwealth8888 I know that the housing loan is the cheapest loan in town and I also heard many times from Mr Property Guru and Mr Banker that housing loan is GOOD DEBT if you are a savvy investor. Really ah?
The Past is not the Present. The Present is not the Future. When will we know that we have made the right decision and bear the consequences and opportunities from this decision?
The next Crisis is of the equivalent magnitude of GFC or AFC will teach us great lesson for the rest of our time in the market, economy and our jobs.
Younger ones should ask your parents what are in their mind during AFC and GFC? What have they regretted not doing it?
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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