I received my CPF statement in the mail last night and when I was chatting with my mom, I told her how much money I have in my CPF-OA now and she was very shocked.
"How much did you say?!" my mom went. I passed her my CPF statement so that she could take a look for herself.
Well, to be honest, it might not be much to some people but it is quite significant to me.
So, how much is it?
How did I achieve this?
What I basically did was to do nothing to my CPF-OA after selling my last property about 3 years ago. In the purchase of my current home, I use my CPF-OA money sparingly as I was not and still am not able to get any interest income for my cash on hand that is close to 2.5% per annum.
Also, we have to remember that the opportunity cost of using our money ......