Hi AK,
I have been reading your blog for sometime & found you to be very smart & prudent. Are you able to give me some advice based on my current situation?
Employment status:
Unemployed
Age:
40
Housing:
Condo with $650k outstanding loan (mkt value $1M)
CPF OA:
$400k
CPF SA:
$100k
Dividend stocks:
$50k
Cash:
$150k
Expenses:
$20k/yr
I have been trying to do trading with mix success. Had also been doing part-time job to earn about $1k/mth.
Should I try to find another corporate job? ( I really hate it & had been unsuccessful trying for a while)
Thanks in advance!
EW
Aiyoh. I am just another lazy fellow. Prudent enough but not particularly smart.
At 40, I think you would be financially pretty comfortable if not for the housing loan. ;)
If you were to sell your condo and get a resale HDB 3 room flat, you would probably be debt free and free to do whatever you want without having to go back to the corporate world which you hate!
We need a home but we don't need a condo. :)
Best wishes,
AK
Related posts:
1. Sell HDB flat to buy a condo.
2. Parents asking me to buy a condo.