How much is enough for retirement in Singapore?
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There are many ways to generate passive income.
Just google \"how to generate passive income\". You will get lots of ideas. The difficult part is finding something that you can do
Staying with kids and renting out old HDB flat is the easiest. If you cannot think of anything else, this is the only way out.
If you know how to do it, you can setup an internet forum like this one and earn money through online advertisements. I heard that forums like this can earn a few thousand US dollars a month. -
tamarind:
Oh is it? This is really an eye opener. So I assume our Chief here is earning quite a good passive income from this forum.There are many ways to generate passive income.
Just google \"how to generate passive income\". You will get lots of ideas. The difficult part is finding something that you can do
Staying with kids and renting out old HDB flat is the easiest. If you cannot think of anything else, this is the only way out.
If you know how to do it, you can setup an internet forum like this one and earn money through online advertisements. I heard that forums like this can earn a few thousand US dollars a month. -
Oh yeah, chief must be making loads of $$ judging from the amount of ads on this site
Wonder if we members here will get a piece of the action -
minnie2004:
Investment in good fundamentals dividend stocks is one way to generate passive income. Remember don't trade stocks, but invest in stocks. Here is my portfolio: http://myinvestmentportfolioinsingapore.blogspot.com/
Another way is to buy REITs. It's more flexible and hassle free than owning and renting out a property. Some of the REITs listed here still have decent discount to NAV (i.e. you're paying less than the market value for the properties) and good dividend yield (some close to 10%). The downside is since it's more liquid than properties, we tend to panic and dump the stocks at the lowest when there's a stock market crash :stupid:KSP:
What other ways to generate passive income besides rental?
Of course we also need to do some homework about the management and the prospect of the properties a REIT holds and its debt levels (there's always refinancing risk for REITs). So no free lunch lah
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minnie2004:
:rotflmao: :rotflmao: :rotflmao: The amount we earn after paying for everything from Auctions to hosting cannot even pay for a night's stay in the RWS hotelsOh yeah, chief must be making loads of $$ judging from the amount of ads on this site
Wonder if we members here will get a piece of the action
Don't believe the stuff you read about getting rich by setting up Internet forums.
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ChiefKiasu:
Then what is your motivation if not for the *ka ching* *ka ching*?
:rotflmao: :rotflmao: :rotflmao: The amount we earn after paying for everything from Auctions to hosting cannot even pay for a night's stay in the RWS hotels Don't believe the stuff you read about getting rich by setting up Internet forums. -
ks2me:
Then what is your motivation if not for the *ka ching* *ka ching*?
Oh... we are still waiting for that white knight to come by one day to sweep us off our feet and bring us home and have a happy life ever after. :dancing: -
ChiefKiasu:
Ah so we are on track....http://www.postimage.org/ 2ppaamm.....ks2me:
Then what is your motivation if not for the *ka ching* *ka ching*?
Oh... we are still waiting for that white knight to come by one day to sweep us off our feet and bring us home and have a happy life ever after. :dancing: -
I agree that all these planning for retirement is a lazy attitude like someone said. It is the financial institution tactic to scare you into putting all your money with them.
The correct attitude should be to live a reasonable frugal happy but yet fruitful life till you step into your coffin. The way should be to to cultivate some meaningful but cheap hobbies that you will enjoy doing for life. This should be the greatest wealth if you are such a person. Otherwise, if you are the kind that is never satisfied, 10 millions also not enough…But agree with the part that you should buy surgical and hospitalisation insurance. -
ChiefKiasu:
chief n white knight?? :sick:ks2me:
Then what is your motivation if not for the *ka ching* *ka ching*?
Oh... we are still waiting for that white knight to come by one day to sweep us off our feet and bring us home and have a happy life ever after. :dancing:
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