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Axib Xny

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Axib Xny

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Axib Xny

  • Answers (4)
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Loans

Savings

Lifestyle

Career

Education

Axib Xny
Axib Xny
Level 4. Prodigy
Answered 4w ago
How about doing a part-time higher degree to spread out the costs across the years while not losing the years of working experience? Experience matters in our local context. So part-time pursuit will ensure you don't lose out. Another consideration is that being away from school for too long is going to make adjustments harder when you return to structured learning. Then, you can also service the loans at the same time. Do explore grants, subsidies and scholarships too. Don't leave money on the table. Never try, never know.

Career

Axib Xny
Axib Xny
Level 4. Prodigy
Answered 4w ago
Can you make adjustments to improve your situation bit by bit first? Why not engage your colleagues, peers or mentors, they may help with reframing? At the same time... Reflect on what made you take this job and how you can increase the chance of a better fit for you going forward. Speak to people in the areas you will like to be in, then look for the openings to make a pitch. Get clear about what you want before making a change, at where you are now or on where you will head to next. No point job-hopping then repeating the cycle.

Giveaways

Property

Condominium

HDB BTO

Resale HDB

Family

Axib Xny
Axib Xny
Level 4. Prodigy
Updated 4w ago
Property if not used as an asset, becomes a liability. So if I own a property, I will prefer to generate cashflow and future capital gains if possible. The economics point of view. Home is where our loved ones are and is meant for staying in and creating memories. It need not be tied to a property, though in Singapore, it conventionally is. The people maketh a physical home also 'home' in the emotional and mental sense. That said, I see HDB primarily as a home then secondarily as a possible investment asset. I won't want to use it as a base asset to flip property though I might explore to rent out some rooms or conduct lessons in the home or use it as a home studio. I will see other properties (the second one, private properties, freehold, overseas) and REITs as an investment instead. In a nutshell, I will only take the risk on what I can afford to lose and not on what I cannot. One additional reason is that HDB, like CPF, is protected from bankruptcy claims. So the safety net is a draw to me as a good stable foundation, at least for my lifetime. PS: Stayed in three HDB units owned by my parents. Moved twice, once for downgrade, one for Sers.

Property

CPF

Loans

Axib Xny
Axib Xny
Level 4. Prodigy
Answered 4w ago
If the rates make sense, then yes. I had a friend who took a housing loan quite fresh out of school, at higher interest as her credit score is affected by the short length of her employment. I advised her to refinance about five years into servicing the loan even with legal fees, due to the lower rates. She also paid back a lump sum to lower the loan amount, and the remaining sum was at less than half the interest she started with. Suggest you can approach banks directly to seek direct advice. Look before you leap, including the small fonts and all. Cheers!
Level 4. Prodigy
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