We need a home but a condo?

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

Hi 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 …

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