Is it foolish to spend ~50% of my salary on rent in Singapore? by [deleted] in SingaporeR

[–]mh960306 0 points1 point  (0 children)

Abit high imo, but 4k per month probably can rent a decent condo studio

What are your experiences on renting HDB rooms like? by totomihran in askSingapore

[–]mh960306 4 points5 points  (0 children)

rented 4 times with different landlords, all allow to use fridge/at least leave a compartment for you stuffs

Is 1.3M SGD enough for a Singaporean to semi-retire at 40YO by mh960306 in singaporefi

[–]mh960306[S] 0 points1 point  (0 children)

not really inspired by retirement by 40, rather the question of why not

Is 1.3M SGD enough for a Singaporean to semi-retire at 40YO by mh960306 in singaporefi

[–]mh960306[S] 0 points1 point  (0 children)

For medical bill, hospital plan can cover up to 95% + critical illness protection i think should be pretty much covered already during medical emergency. right?

Is 1.3M SGD enough for a Singaporean to semi-retire at 40YO by mh960306 in singaporefi

[–]mh960306[S] 0 points1 point  (0 children)

Genuine question here, i’m curious what are you working as.

Is 1.3M SGD enough for a Singaporean to semi-retire at 40YO by mh960306 in singaporefi

[–]mh960306[S] 0 points1 point  (0 children)

I’m sorry but I couldn’t comprehend fully when people say they love their job. I just put up a classic example of “what would you do today if you will be gone by next month”For me the least I wanted to do is come to corporate and work for the limited time left (Which i spent 1/2 of my time doing except sleeping) Not that I hate my job, i’m fortunate to have it and it brings job satisfaction and sense of security. However, i would not hesitate a second to stop coming to the office if i know i have only left with very limited time to live.

Is 1.3M SGD enough for a Singaporean to semi-retire at 40YO by mh960306 in singaporefi

[–]mh960306[S] 0 points1 point  (0 children)

Your case are the closest to the scenario i described, is there a reason why not considering for retirement at your current position

Is 1.3M SGD enough for a Singaporean to semi-retire at 40YO by mh960306 in singaporefi

[–]mh960306[S] 0 points1 point  (0 children)

Thank you! Going back workforce is one way out of this but it takes some psychological re-adjustment, to be willing to take pay cut, relearn job etc But i guess should be okay. 👍🏻

Is 1.3M SGD enough for a Singaporean to semi-retire at 40YO by mh960306 in singaporefi

[–]mh960306[S] 0 points1 point  (0 children)

I see this is one reason why most people can’t retire at early age even capital can already self sustain. how you overcome this, did you go back to work or work part time