In fact, food in SG (hawker centre) is the cheapest among all developed nations in the world. Generally, everyone here has a cheaper choice for almost all basic needs - public transport vs private car, HDB vs private housing, public vs private health care, government subsidized vs private childcare/kindergarten, neighborhood vs upmarket (atas) supermarket etc, the list goes on. So, for people who like to scream that cost of living is high in SG, it’s certainly NOT true. Furthermore, personal tax is quite low and people end up with higher disposable income. Perhaps, there are really a few very expensive things (but non essential) such as alcohol, cigarettes and cars!!
Actually Singapore higher education is not that expensive. Students can, by merit, pursue local university degrees, or diplomas that are widely accepted. Cannot quite say the same for Malaysia, where many of my friends had to send their children to Uk/australia/ London to give them a better chance, at very expensive costs, if they cannot get into Malaysian universities even with good grades. Ex-Malaysians like kelvin and boon tee will probably recognise that and be glad their children are here in Singapore!
@@BoonTee There many routes to Uni. As long as the person willing to work hard. Boon Tee, you are a great father! I always feel as a parent, no matter what, we will try to support our kid's education!
@@BoonTee Singapore local Uni always reserve for those good result at JC, even more if you from polytechnic. A few of my frens didnt do well after grad from poly, they go work in relevant industries for a year....then reapply NUS. They are ask to produce evidence of work as relevant experience, end up they all get accepted into NUS after that one year of work. But then does going to Uni guarantee u a better career or success in life?
There are some double computation? If already accounted for children, car, vacations, then shouldn’t need 1-2 mil for other retirement needs. As for children, I told them I can support local. Overseas, go take scholarship. Cannot get scholarship, go work a while and fund future overseas experiences. It’s a good to have, not essential. After 18, they need to work for their wants and also know that life is not perfect, yet beautiful.
Personally, I’m buying a condominium for the capital appreciation. If I’m a retiree above 65, I would gladly sell my condominium and upsize to a bigger hdb.
Just over took you guys
Good luck and take care
All the best ❤❤❤
SGD 2.98 donation not enough sir. Please donate SGD 298 😂
In fact, food in SG (hawker centre) is the cheapest among all developed nations in the world. Generally, everyone here has a cheaper choice for almost all basic needs - public transport vs private car, HDB vs private housing, public vs private health care, government subsidized vs private childcare/kindergarten, neighborhood vs upmarket (atas) supermarket etc, the list goes on. So, for people who like to scream that cost of living is high in SG, it’s certainly NOT true. Furthermore, personal tax is quite low and people end up with higher disposable income. Perhaps, there are really a few very expensive things (but non essential) such as alcohol, cigarettes and cars!!
that's true!
For retirement income, 4xbrs for both of us next year, less than 900k, is more than enough for our daily expenses when we are 65 years old.
Careful with the inflation rate
Actually Singapore higher education is not that expensive. Students can, by merit, pursue local university degrees, or diplomas that are widely accepted. Cannot quite say the same for Malaysia, where many of my friends had to send their children to Uk/australia/ London to give them a better chance, at very expensive costs, if they cannot get into Malaysian universities even with good grades. Ex-Malaysians like kelvin and boon tee will probably recognise that and be glad their children are here in Singapore!
What if results not good? I don't think it is that easy to enter NUS/NTU
@@BoonTee There many routes to Uni. As long as the person willing to work hard. Boon Tee, you are a great father! I always feel as a parent, no matter what, we will try to support our kid's education!
@@BoonTee Singapore local Uni always reserve for those good result at JC, even more if you from polytechnic. A few of my frens didnt do well after grad from poly, they go work in relevant industries for a year....then reapply NUS. They are ask to produce evidence of work as relevant experience, end up they all get accepted into NUS after that one year of work. But then does going to Uni guarantee u a better career or success in life?
@@sunflower700 thanks for your kind words. I still think kids' mom made the most sacrifice
@@Laodong-r3m That's true! Most important is attitude and curiosity and eager to learn
There are some double computation? If already accounted for children, car, vacations, then shouldn’t need 1-2 mil for other retirement needs.
As for children, I told them I can support local. Overseas, go take scholarship. Cannot get scholarship, go work a while and fund future overseas experiences. It’s a good to have, not essential.
After 18, they need to work for their wants and also know that life is not perfect, yet beautiful.
what this article says is that you need to earn 4.4m in the lifetime to live the dream NOT, 4.4m at any moment.
Did anyone of us said need 4.4m at any moment?
The title or click-bait of your clears states that.
@@stevenyip2631 Do we really need to write the entire paragraph as the title?
10K a month for each of a couple would have earned 4.8m in 20 years. Nothing shocking lah.@@BoonTee
sorry what is the 4% rule?
If you only draw 4% of your retirement nest egg, that could easily last 30-40 years, which is the retirement length of most peoples
Do you guys invest in crypto?
i have tiny holding but not active. no trade in the past 2 years
@@BoonTee would like to hear you guy's take on the upcoming crypto bull run
Personally, I’m buying a condominium for the capital appreciation. If I’m a retiree above 65, I would gladly sell my condominium and upsize to a bigger hdb.
Huat ah 😂
Fair enough, it's a dream after all.Anyone can dream.
For >90% of us we are okay with living the (normal) Singaporean Life.
yup true!
Just to share my view. I open IB account to invest their pocket money and red packet for university.
wow nice! Your kids can proudly says that "I am in the stock market for 20 years even though I am only 25 years old"
4 not nice number leh