How much is enough for retirement in Singapore?
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mathsparks:
chief n white knight?? :sick:[/quote]Sounds so gay right?? :lol:ChiefKiasu:
[quote=\"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: -
ks2me:
Ah so we are on track....http://www.postimage.org/ 2ppaamm.....[/quote] :? will benefit you meh?ChiefKiasu:
[quote=\"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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[quote]
Busymom:
:? will benefit you meh? :P[/quote]Just an old dialogue we had...
Ah so we are on track....http://www.postimage.org/ 2ppaamm.....
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ChiefKiasu:
I heard that hardwarezone.com was sold for S$7.1 million to Singapore Press Holdings.
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:
It is true that not everyone who starts an internet forum will get very rich, but it is definitely possible for a very popular forum to earn a neat sum of money through online advertisements. I know of other forums which have much higher traffic. -
tamarind:
Forgot to add that my late father was treated at government hospitals, staying at B2 wards. The government subsidy is very high.I thought my mother has planned quite well.
1. She is staying with us, and renting out her old HDB flat. Her rental income is more than sufficient for her to live comfortably. This is much better than saving any amount of money in the bank. The flat can be rented out for another 40 years, by then she will be over 110 years old.
2. She has about $14,000 in her medisave, earning about $700+ interest every year. I bought NTUC Incomeshield for her, which costs about $800 every year. The interest almost covers the premium.
I strongly advise everyone to get medical insurance for their elderly parents. My later father went through major operations, hospitalized for months, and I did not have to come out with any cash at all. His insurance covered most of it, and in the end, he still had about $5000 left in his medisave account. He had only about $8000 in his medisave when he just retired.
We should not be thinking of how much money to save. It is unwise to live on savings, because savings will be depleted one day.
Instead, we should be thinking of ways to generate passive income such as rental income
And make sure you have medical insurance, don't even think about paying all hospitalization bills using your savings, very few people can afford to do so.
An earlier post mentioned $1 million of medical bills, that was probably due to single bed in private hospitals. Unless you have millions of dollars, it is best to avoid private hospitals.
Actually nowadays C class at public hospitals are very popular, especially for the elderly. Many people, even those with high income, know that this is the best way to save money. -
tamarind:
Wah...Chief going to be \"bee tang\"(rice container) with that....
I heard that hardwarezone.com was sold for S$7.1 million to Singapore Press Holdings.ChiefKiasu:
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:
It is true that not everyone who starts an internet forum will get very rich, but it is definitely possible for a very popular forum to earn a neat sum of money through online advertisements. I know of other forums which have much higher traffic. -
tamarind:
Forgot to add that my late father was treated at government hospitals, staying at B2 wards. The government subsidy is very high.tamarind:
I thought my mother has planned quite well.
1. She is staying with us, and renting out her old HDB flat. Her rental income is more than sufficient for her to live comfortably. This is much better than saving any amount of money in the bank. The flat can be rented out for another 40 years, by then she will be over 110 years old.
2. She has about $14,000 in her medisave, earning about $700+ interest every year. I bought NTUC Incomeshield for her, which costs about $800 every year. The interest almost covers the premium.
I strongly advise everyone to get medical insurance for their elderly parents. My later father went through major operations, hospitalized for months, and I did not have to come out with any cash at all. His insurance covered most of it, and in the end, he still had about $5000 left in his medisave account. He had only about $8000 in his medisave when he just retired.
We should not be thinking of how much money to save. It is unwise to live on savings, because savings will be depleted one day.
Instead, we should be thinking of ways to generate passive income such as rental income And make sure you have medical insurance, don't even think about paying all hospitalization bills using your savings, very few people can afford to do so.
An earlier post mentioned $1 million of medical bills, that was probably due to single bed in private hospitals. Unless you have millions of dollars, it is best to avoid private hospitals.
Actually nowadays C class at public hospitals are very popular, especially for the elderly. Many people, even those with high income, know that this is the best way to save money.
Public hosp's queue is very long. How about B2 under pte hosp? I bought mine & children's from GE using medisave. -
tamarind:
HWZ is not just a forum with paid membership scheme and it has printed magazine as well.
I heard that hardwarezone.com was sold for S$7.1 million to Singapore Press Holdings.
It is true that not everyone who starts an internet forum will get very rich, but it is definitely possible for a very popular forum to earn a neat sum of money through online advertisements. I know of other forums which have much higher traffic.
KSP can strive to be bought by some big company too but IMHO, need more work.
:celebrate: -
minnie2004:
We already do! The netbooks and Wii's from the auctions didn't fall out of the sky! :lol: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 -
tankee:
In your opinion, what work is required?
KSP can strive to be bought by some big company too but IMHO, need more work.
:celebrate:
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