coffee_o 1 Report post Posted December 23, 2009 eh.. if you got go europe.. u buy LV lagi worth lor.. no need to wait, the value already appreciate the moment you land in SG tio boh? Thats why alot of ppl selling in online mah Share this post Link to post Share on other sites
charemme 0 Report post Posted December 23, 2009 Im stuck at Stage 2, earning and savings and at the same time even financing a reno loan is there another way to increase income? Mickey, your post too chim.. dun quite understand the part on interest rebate.... we do have rebate from our HDB loan? Share this post Link to post Share on other sites
charemme 0 Report post Posted December 23, 2009 Thats why alot of ppl selling in online mah cuz online can fetch a much higher price mah than 2nd-hand handbag shop they will pay you $400 for a LV bag, and resell for $1000+ Share this post Link to post Share on other sites
charemme 0 Report post Posted December 23, 2009 (edited) haha.. i like the topic in KOPITIAM today! Edited December 23, 2009 by charemme Share this post Link to post Share on other sites
rainbowgal 0 Report post Posted December 23, 2009 wow.. kopi bro's blog is getting educational.. for us, we have to take bank loan though we are first time buyers.. we took a 20yrs loan from StdChart. looking at finishing the loan asap too... cos' hoping that we can buy a pte condo... doesn't make sense to buy another HDB due we are not eligible to get those grants.. Share this post Link to post Share on other sites
Mickey M 0 Report post Posted December 23, 2009 Im stuck at Stage 2, earning and savings and at the same time even financing a reno loan is there another way to increase income? Mickey, your post too chim.. dun quite understand the part on interest rebate.... we do have rebate from our HDB loan? gd afternooon Charemme! yes. u can interest rebate if you clear your loan earlier. in simpler term, today i borrow $100 from you. u charge me $10 interest provided i pay back by Sun. But if i pay back earlier (eg. Fri), i will pay a lesser interest (eg. $8). hee. that is how flat rate loans work. Share this post Link to post Share on other sites
charemme 0 Report post Posted December 23, 2009 helo rainbowgal, any particular reason why you opt for bank loan instead of HDB loan? Any benefits over HDB loan? Share this post Link to post Share on other sites
charemme 0 Report post Posted December 23, 2009 gd afternooon Charemme! yes. u can interest rebate if you clear your loan earlier. in simpler term, today i borrow $100 from you. u charge me $10 interest provided i pay back by Sun. But if i pay back earlier (eg. Fri), i will pay a lesser interest (eg. $8). hee. that is how flat rate loans work. Good day Mr Mickey!! Oic... so does the same works for bank loan? I guess not right.. I didnt think so much for the HDB cuz i dun think i will stay on another 20 yrs Share this post Link to post Share on other sites
Mickey M 0 Report post Posted December 23, 2009 Well said,Micky!hehe..u don sounds like your age again This is a piece of write-out to share.. Three Stages in Personal Finance There are three stages in personal finance that a normal person must go through before thinking of achieving financial freedom. Stage 1: Learn how to make your money For a normal person who has finished their education stages, he or she must find a job in order to earn a living. A lot of people has managed to pass this stage and has a pay which is more than their expenses. Stage 2: Learn how to save your money After having a income, one must learn how to protect his or her money. Not all people has passed this stage due to overspending, or too much family commitment. People who are stucked at this stage will have zero or little saving. And they are more likely to take more loan as compared to people who has a higher saving. Taking more loan mean that they have to pay more interest which make them poorer. Stage 3: Learn how to grow your money After passing stage 1 and 2, one must learn how to grow his or her money. A lot of people has ignore this stage as these knowledge are normally not taught in school. That is why a lot of people is unable to acheive financial freedom after working all of their lives. Most people work for money, rather than letting money to work for them. They can save a lot, but due to inflation, they are actually "become poorer". One must learn how to grow their money, otherwise they will become a work horse forever. Once these three stages are cleared, one can start to think of acheiving financial freedom status. As for me, I have managed to clear these three stages and now slowly gearing toward financial freedom rondy bro... i think everyone should be as financial savvy as possible la. as for me, i work in banks all these yrs, from consumer to wholesale banking, so probably know more abt this. rondy, u how old har? keep on saying i dont sound my age. hehe. i am like in stage 3 but financial freedom still long way. many ppl are risk adverse, that why stuck in stage 3. Share this post Link to post Share on other sites
charemme 0 Report post Posted December 23, 2009 how old are you mickey? Share this post Link to post Share on other sites
Mickey M 0 Report post Posted December 23, 2009 Good day Mr Mickey!! Oic... so does the same works for bank loan? I guess not right.. I didnt think so much for the HDB cuz i dun think i will stay on another 20 yrs yes. it works the same for banks. BUT there is usually a penalty for early redemption. so it is usually not wise to fully redeem the loan when u have serviced 80% liao. Share this post Link to post Share on other sites
Mickey M 0 Report post Posted December 23, 2009 how old are you mickey? i la?? less than 365 days to the BIG 3. Share this post Link to post Share on other sites
charemme 0 Report post Posted December 23, 2009 woo... slight older than me abit nia and already reach Stage 3 Good for you! I got to do self reflection liao Share this post Link to post Share on other sites
rainbowgal 0 Report post Posted December 23, 2009 i just realised your wedding day is on my Bday lei! hahah!! that day is my bday too!!! finally i found someone hving same birth date as me! Share this post Link to post Share on other sites
rainbowgal 0 Report post Posted December 23, 2009 helo rainbowgal, any particular reason why you opt for bank loan instead of HDB loan? Any benefits over HDB loan? helo charemme, we din hv a choice.. cos' of the income limit.. if can, i would want HDB loan lor.. Share this post Link to post Share on other sites
