Darryl Lee

Personal Finance and Investing Enthusiast

Darryl Lee

5Upvotes

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Personal Finance and Investing Enthusiast

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Darryl Lee

5Upvotes
  • Answers (3)
  • Questions (0)
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Resale HDB

HDB BTO

EC Condominium

Property

Darryl Lee
Darryl Lee,
Level 3. Wonderkid
Updated 2w ago
Hi there, Generally, I would recommend couples to go for a BTO first, before upgrading to a private property in the future. There is less of a drag on your finances (i.e lower capital outlay, higher financing available, lower maintenance fees) when choosing a BTO over an EC. In addition, your combined monthly income (est $7000) is unlikely to allow for a high quantity of financing from banks, thus requiring a huge upfront downpayment for an EC. In your situation, I humbly recommend that you go for the BTO route. However, if you wish to do otherwise for whatever reasons, we will respect your decision as well.

Retirement

Savings

Career

Darryl Lee
Darryl Lee,
Level 3. Wonderkid
Answered on 18 Oct 2018
Take the 100k job and use whatever savings you have after expenditure to do something you enjoy. As as much as you may enjoy a 30k job, with hardly any disposable income after expenditure, your life will be challenging no matter what.

Career

General

Darryl Lee
Darryl Lee,
Level 3. Wonderkid
Answered on 25 Sep 2018
Honestly speaking and in my humble opinion, $2000 income is not sufficient at all. Not even close to reach financial independence. Try to learn some high-income skills OR invest in your education to command a higher salary in higher paying jobs. If not, you will always struggle to set aside enough savings for investments, or even a future property purchase.
Level 3. Wonderkid
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