Luckily???; Uncle8888 was kiasu and kiasi type and loved the idea of Being Debt Free Pom Pi Pi and dumped his CPF money to clear his HDB housing loan; otherwise he might be among those Merdeka Generation who had chopped his fingers after AFC and this blog will never exist!
Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (5)
Read? Do You Know Any Mederka Generation Relatives Who Don't Talk About Market Any More???
Read? Not Interested In Investing or Too scared To Invest???
Read? The Tale Of Three Old Men In The Same Office Space (True Story)
Read? Save more than 60%. No need to invest??? (5)
If we started early during Bull Run; it may make us think that we are genius in investing or trading. See lah. Told you to start early. You don't listen. I made XX% CAGR already!
Now; Government and Social Media did a better job to educate the important of CPF and topping up instead of hooting the market with your paper money in CPFIS!
Read? CPF members added $1.6b to retirement funds from January to October, up from a year ago
May be now is different as financial and investing knowledge are easily available at your fingers or NLB and just don't be Bei Kambing and became of a believer of Secret Method to FIRE by Snake Oil!
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Debt Free pom pi pi is the way to go...only GOD knows how much debt the world is sitting on...the idea of buy now, pay later or dying in negative equities doesn't quite sync with me..
ReplyDeleteCW,
ReplyDeleteOur different and opposite paths, when it comes to taking property loans and squeezing blood from CPF, can be quite telling about WHO we are ;)
We both have crossed the Eastern Sea in our own way. Others will find and discover theirs too!
There is no one size fits all.
Some focus on Earn More - the classic husband go out to bring bacon home ;)
Some focus on Save More - the role model housewife making do with less or stretching the value of each dollar to the max!
Smarter ones remember our 5000 years of Chinese wisdom do BOTH - 开原节流 Earn More AND Save More (notice its not reversed as in 节流开原?)
All of us have to know ourselves and choose our own poisons.
Once I discovered I'm a penguin, I no longer have to beat myself up just because I can't fly like other birds.
Can't fly in the air not a problem when I can fly under water :)
And that's better than listening to motivational speakers telling me if I think I can, I can!
Show me a penguin that can fly in the air with just SELF BELIEF!
Robot Penguin can fly in the air. LoL!
DeleteHi Uncle8888 & Smol,
DeleteHmmm, when it comes to my stay-in HDB I cleared the mortgage in 3 years. But when it comes to my rental mickey mouse condo, I stretched the mortgage to 31 years LOL.
Different purpose, different objective, different treatment. 😉
Oh, penguins can fly, just like humans! Kekeke!!
Spur,
DeleteExcellent real life example!
Those who studied business finance would know what you did there ;)
That's why those who get ulcers knowing they are paying the bank interests cannot fathom why cash rich companies still have debts on their books???
Cash on hand $10 million.
Short term debts $2 million.
Long term debts $7 million.
Look at all the interests we are paying to our creditors!!! Its like flushing money down the toilet!!! Quickly pay everything up!!!
LOL!
P.S. Good one! Penguins can indeed fly in the air!!!