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Jayden Tan

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Jayden Tan

Logistics at University College Dublin

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Credentials

Logistics at University College Dublin

Jayden Tan

Logistics at University College Dublin

  • Answers (3)
  • Questions (0)
  • Reviews (1)

Career

Lifestyle

I'm in the army now, and they just had the whole "career talk" with us. I'm considering signing on, and they are offering a lump sum as well. Is there anything else I should consider?
Jayden Tan
Jayden Tan, Logistics at University College Dublin
Level 3. Wonderkid
Answered on 16 Nov 2018
I sign up for the joint poly scheme when I was a. 17year old. They pay for your diploma school fees and also give you a monthly allowance. My bond is 6 years inclusive of the 2 years compulsory NS liability. I left at the age of 27yo with a private degree I paid myself and some cpf money for my bto house. If you do not know what you plan to do for your career, I feel that it is not a bad choice to sign on. Even if you feel that it is a bad choice you can always start afresh at the end of the bond when you are still 25 or 26yo(Exactly same age as your peers who decide to study a 3year degree FT after serving NS 2years)Just remember to eat,drink, sleep and leech fully when in there and it is highly possible u can save at least 50% of your income monthly. Invest smartly and if you feel this is a long term career for you, you can work till 60yo at a stable iron rice bowl job.
šŸ‘ 1

Savings

Salary

Loans

My wife is thinking of quitting her job when we have kids. We have a 25 year $1500/month HDB loan, and my annual salary is $63k. Any advice on how we can afford my mortgage on just my income?
Jayden Tan
Jayden Tan, Logistics at University College Dublin
Level 3. Wonderkid
Answered on 09 Nov 2018
Maybe you should ask yourself what is the loss of income to your household of your Wife quit her job? Do also factor in that it may be tough for her to get back to the workforce in the future and for young children in childcare,working mum subsidy is 300 bucks per child..if the kids go to school on weekdays, you still will see them at nite and on weekends with a 9-5 job..so I do not understand why parents have to be 24/7 with the kid. Worst situation u get a maid to help out Is still cheaper than quitting a day job.
šŸ‘ 1

Property

General

Am turning 30 this year. Not married, earn about 4k a month. I want to buy a house in a couple of years. How much would is good practice to put aside for retirement and how much toward the housing?
Jayden Tan
Jayden Tan, Logistics at University College Dublin
Level 3. Wonderkid
Answered on 29 Sep 2018
If you are working and have cpf you can use most of your cpf money to pay for the house installments..get a 4rm hdb you can also rent out one room to milk for rental..how you set aside for retirement depend on much do you need to survive monthly?use an app to record all your expenses to get the exact number. Emergency fund of 3-6mths is more than enough and you can invest the rest..if you want to retire much earlier live well below your means and save invest more than 60% mthly
šŸ‘ 0
Level 3. Wonderkid
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