Scenario —
- incomes:
- keep working till 75 with salary income, and probably don’t need a lot of passive income, but this is a hope, not a dependable guarantee
- we plan to rely on CPF-LIFE without bequest without deferment
- a few high-yielding property income streams
- burn rate:
- we keep burn rate at current level and save USD 6k-8k/M till … 60?
- no luxury spend like overseas trips — not worth it
- If we retire in Singapore/Malaysia, we can downgrade to a small home
- we sell some of the lower-yielding properties such as Beijing and HDB
- .. In this scenario we have a lot of spare cash. Instead of keeping it until I can’t spend it, here are 2 better ways to spend it
| #2 brandedUni | #1 good loc but small home | leisure trips | notes | ||||
| budget/USD | up to 300k | up to 700k [2] | 5k/Y | ||||
| category | questionable “inv” | investment + convenience | enjoy | ||||
| outlay time frame | college years | 2022 onward | after kids go to college [1] | ||||
One special benefit of good location — wife can run a home daycare. Customers are more comfortable with such locations. Home doesn’t need to be spacious. Look at Wai Cheng’s acupuncture clinic.
[1] By this time we understand our cashflow situation better
[2] affordability @700k home shows I need a big down payment