ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY! ► www.theastuteparent.com/josh-tan 🌟Ebook 28 Days to Financial Freedom ► payhip.com/b/UqpKL Specially written by JOSH TAN! 🌟 Invest in your financial success here Private link to join my TELEGRAM "Josh Tan Investment Official Group" here! ► joshtan.link/telegram
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@AlilatTiamiyu The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
New launches are not only repeatedly hitting new highs, but each configuration of condo be it 2BR, 3BR, 4BR, 5BR are getting smaller and smaller. This means the layout overall is getting poorer and poorer = high price for small unit. Who will want to buy the condo at an even higher price in future? I think people should not be deluded the dream of a exit strategy for such condos. We all know that majority of condo buyers are HDB upgraders. The usual HDB upgrader is a family who wants a place that can also house their children and helper etc. If one has a 4rm HDB of 990 sq ft, it makes little sense for them to look for one which is much smaller - say 850 sq ft for a 3BR condo. Doesn't make sense at all, as definitely the new condo property will not house the family better than the previous HDB. Even if say you buy for investment/rental yield/capital appreciation. The high quantum that you are paying for a small unit makes it extremely financially risky for such a financial move.
Amazing journey and portfolio for this realtor. I like his critical thinking when confronted with the option of following the herd or going his own way. I have this same thought as well when it comes to real estate where the risk-reward ratio doesn't make sense already. Thanks Josh for sharing. Kenny from Malaysia
Just today I was looking at the volume of properties put up for sale in PropertyGuru. There's 9,000 plus listing in district 9,10,11; constituting 20% of all listings in Singapore. I feel there's over supply in Orchard, Bukit Timah area at the moment.
There are many are fake listings on guru. Prob 1/3 are fake. Assuming 6000 genuine listings and Singapore has 28 listings, so there are about 215 listing for each listings and I guess that is healthy.
I genuinely try to watch your videos and would love to learn more about investments and making my money grow, BUT with every episode I realise that I’m just not someone who thinks about money all the time. Singaporeans have an obsession with money, and some are very good at managing that obsession. Kudos to you and them. Life, for me, has other priorities than to walk around thinking about money all the time.
I only know buy financial equities to manage the volatility and stress of investing. Currently my equity is 80% of all my assets and with good dividend income . I live a liberated life anywhere I want in Asia but not being too frugal because I like to live a good nice life .
He has built his assets well but please don’t forget to spend these money. Reaching FI is just the first part of a journey but knowing when enough is enough and start utilising those assets to reach your ultimate goal is more important.
@@joshconsultancyI bought my Endowment policy using CPF OA 20yrs+ ago. The return was est 3.8%. When I want to reinvest my CPF OA into endowment policy again. Insurance companies do not allow it as they no longer can guarantee the min 2.5% return.
My kids alone cost me $3500 to $4000 per mth! And more and more young people understand the cost of a child in Singapore. Thats why our numbers are dwindling. Simple as that. 😂
J tan, I am not brave enough to say achieved financial freedom (saying a higher mountain behind every mountain) My wife and I frugal lifestyle stay bto all the way but inv in children eduction who made the cut to med sch (my wife and I both NUS, BSc, BAcc) benefited power of compounding and mobility trough education. With effort, resilience, humility, guidance from v frugal parents, land of opportunities in SG brighter days ahead for everyone
Hi I build it as a highly valuable consulting work. Each week I can take on 1 or 2 cases only with the attention to detail needed. It commands a good premium =)
Make that 460k work harder. Or else inflation at 3-5% per year n compounded over a decade that money purchasing power becomes smaller not BIGGER。 so logically look for investment that fetches 5% or more per annum to protect purchasing power of 460K.
I told my wife to sell her Palantir share at $8 after knowing it support US Ukraine war software system. When it climbs to $75 now.. I still got scolded occasionally nowadays. Am I wrong?
If don’t intent to have kids, n hey lead a quite ‘frugal’ life, then nothing to talk about better his investments, because all these is already enough, (couple with future income), what’s the point of accumulating much more than he could spent. 😮
Happy at work then continue i guess. As shared, he picks his pace and clients more now It's not about focusing on spending money down once there is enough?
A lot of cash n never spend, like my dad save too much money before he passed away. Money in the bank while you are in heaven 😂😂😂. No meaning. These are the people who like to see numbers increase in the bank accounts.
ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY!
► www.theastuteparent.com/josh-tan
🌟Ebook 28 Days to Financial Freedom ► payhip.com/b/UqpKL
Specially written by JOSH TAN! 🌟 Invest in your financial success here
Private link to join my TELEGRAM "Josh Tan Investment Official Group" here!
► joshtan.link/telegram
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@AlilatTiamiyu That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@JerrysAlfreds My advisor is *MARGARET MOLLI ALVEY*
You can look her up online
@@AlilatTiamiyu The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
That was very interesting, thanks for the share!
Happy to do so, share with a friend who should see k 🙂👍
Asset light & cashflow comfortable are lifestyle of couple without kids. After all, there are no worries on leaving an estate for inheritance.
Yes I think they plan to do so :)
That last paragraph is very true. Thank you so much
New launches are not only repeatedly hitting new highs, but each configuration of condo be it 2BR, 3BR, 4BR, 5BR are getting smaller and smaller. This means the layout overall is getting poorer and poorer = high price for small unit. Who will want to buy the condo at an even higher price in future?
I think people should not be deluded the dream of a exit strategy for such condos. We all know that majority of condo buyers are HDB upgraders. The usual HDB upgrader is a family who wants a place that can also house their children and helper etc. If one has a 4rm HDB of 990 sq ft, it makes little sense for them to look for one which is much smaller - say 850 sq ft for a 3BR condo. Doesn't make sense at all, as definitely the new condo property will not house the family better than the previous HDB.
Even if say you buy for investment/rental yield/capital appreciation. The high quantum that you are paying for a small unit makes it extremely financially risky for such a financial move.
Josh, solid content in this vid. I believe it’s got to do w ur grasp of a holistic view of a person’s finances.
Keep this type of YTs coming. 😊
Thank you for the support 😊
Amazing journey and portfolio for this realtor. I like his critical thinking when confronted with the option of following the herd or going his own way. I have this same thought as well when it comes to real estate where the risk-reward ratio doesn't make sense already. Thanks Josh for sharing. Kenny from Malaysia
No probs Kenny, happy to see you around! 👍
I feel his portfolio is way bit too complicated
J tan, as mentioned before we invested in children eduction too, daughter graduated MBBS overseas uni and current started specialists training
Just today I was looking at the volume of properties put up for sale in PropertyGuru. There's 9,000 plus listing in district 9,10,11; constituting 20% of all listings in Singapore. I feel there's over supply in Orchard, Bukit Timah area at the moment.
There are many are fake listings on guru. Prob 1/3 are fake. Assuming 6000 genuine listings and Singapore has 28 listings, so there are about 215 listing for each listings and I guess that is healthy.
I genuinely try to watch your videos and would love to learn more about investments and making my money grow, BUT with every episode I realise that I’m just not someone who thinks about money all the time. Singaporeans have an obsession with money, and some are very good at managing that obsession. Kudos to you and them. Life, for me, has other priorities than to walk around thinking about money all the time.
pov noted
I only know buy financial equities to manage the volatility and stress of investing. Currently my equity is 80% of all my assets and with good dividend income . I live a liberated life anywhere I want in Asia but not being too frugal because I like to live a good nice life .
Great sharing
Thank you !
Dual income no kids, and financially free. Nothing special.
Dual income, got kids and financially free den talk.
ikr, more like flex story
Be nice. Look for useful points to bring away better 👌🏻👍
i agree
@@hanifpastime yup, looks like it
@ i think if you have story like, diploma holder with kids retired after 10-20 years of working would be more inpiring stories.
He has built his assets well but please don’t forget to spend these money. Reaching FI is just the first part of a journey but knowing when enough is enough and start utilising those assets to reach your ultimate goal is more important.
Yes spend the money, it cant be brought to heaven
but hey, its a perspective. Simple things can still make u happy =)
Good to be financially free 👍🏻 without kids definitely helps a lot though
Yes but Kids are a life blessing :)
@ they definitely are 👍🏻
Instead of buying so many endowment plans, does it make sense to top up SA to get 4% per annum?
The endowments were planned to pay out before age55
@@joshconsultancyWould such endowment plans with payout before 55yo makes sense for someone 30-40yo? Otherwise, are the alternatives?
@@joshconsultancyI bought my Endowment policy using CPF OA 20yrs+ ago. The return was est 3.8%. When I want to reinvest my CPF OA into endowment policy again. Insurance companies do not allow it as they no longer can guarantee the min 2.5% return.
I bought my endownment plan using Cpf OA 24 years ago, pay out at age 62, today 2025 average interest 4.97% per year
I bought my 30 year endowment 27 years ago. Just checked - merely break even now. Not sure if endowment makes sense.
Wait for another 20 yrs more and they may or may not regret having no kids... There s a price for everything.
Depends i guess
Thank you
Need to include total cost such as travelling. Don't they have parent allowance etc
Travel cost there is still a budget no worries
Interesting share! He must have paid a lot to insurance agents for ALL his endowments though.
My kids alone cost me $3500 to $4000 per mth! And more and more young people understand the cost of a child in Singapore. Thats why our numbers are dwindling. Simple as that. 😂
Their approach is what I am doing too :)
But I am trying to secure an investment landed.
460k cash on hand ! What!
Why does his endowment plan only till 60?
This is why I am vested in PropNex. Let the agents hustle and earn for me as people keep flipping their properties.😁
i view propnexs financial prospects good now too
J tan, I am not brave enough to say achieved financial freedom (saying a higher mountain behind every mountain)
My wife and I frugal lifestyle stay bto all the way but inv in children eduction who made the cut to med sch (my wife and I both NUS, BSc, BAcc) benefited power of compounding and mobility trough education. With effort, resilience, humility, guidance from v frugal parents, land of opportunities in SG brighter days ahead for everyone
Saying financially free is for yourself, not for others. Don't worry about feeling so.
Congrats Choon Bing!
Always prudent to bite the humble pie haha
Hi josh like to check how do you charge for consultation? What is the ball park range
Hi I build it as a highly valuable consulting work.
Each week I can take on 1 or 2 cases only with the attention to detail needed. It commands a good premium =)
Single income financially free in 40's with 2 kids n 2 elderly dependent able to find?
Always possible. Any one with a story feel free to reach our team =)
Make that 460k work harder. Or else inflation at 3-5% per year n compounded over a decade that money purchasing power becomes smaller not BIGGER。 so logically look for investment that fetches 5% or more per annum to protect purchasing power of 460K.
I told my wife to sell her Palantir share at $8 after knowing it support US Ukraine war software system. When it climbs to $75 now.. I still got scolded occasionally nowadays. Am I wrong?
Everyone has misses. Better to move on than delve?
J tan thanks another v good video
Btw my wife and I achieved 3.2M62 as a couple, would you like to guess what we do for living
can share ? medical sales?
I’d need clues haha
Teachers?
Incorrect
Incorrect (there are many div 1 jobs)
alamak no kids ya, if no kids i early early retire liao with good life, haha , but anyway, good sharing !
Can never understand ppl’s need to flex under the guise of seeking financial advice.
May not be. The tone on sharing what you have determines if its flex.
@ This is why i have not subscribed to your channel. You are not able to call a spade a spade. But you do you. No biggie.
But weirdly that you still keep coming back to watch his videos 😅
@@eugeneleeproperty I would gladly watch & sub to your channel if you’re good. No wait, yours is even more trash.
@@eugeneleeproperty Why do you care? LOL
If don’t intent to have kids, n hey lead a quite ‘frugal’ life, then nothing to talk about better his investments, because all these is already enough, (couple with future income), what’s the point of accumulating much more than he could spent. 😮
Happy at work then continue i guess. As shared, he picks his pace and clients more now
It's not about focusing on spending money down once there is enough?
No kids Simi sai also no need spend
I derive happiness from my children and my health😂
100%!
A lot of cash n never spend, like my dad save too much money before he passed away. Money in the bank while you are in heaven 😂😂😂. No meaning. These are the people who like to see numbers increase in the bank accounts.
ok, what's unusual?
Not many are financial free in 40s
more like the writer trying to show off
人在天堂，钱在银行
Pl be encouraging and optimistic thanks
人在地狱，钱没花完。
@@edmundng5995人生不是只有钱。天堂也好地狱也好，钱都不重要
Buying a condo is a waste of time. Just all in bitcoin.
Lol
are you serious？