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Old 26-10-2017, 12:33 PM   #11
Ong88

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How to be financially free?

Remember the yokel is strengthened with consumption and time leased ownership(cars' COEs, leasehold property)

Cut unnecessary consumption.

Want to drive car, be the slave if you spend more than 15% of income on transportation. Stupid/Poor ppl deserve to be where they are for a reason.
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Old 26-10-2017, 09:42 PM   #12
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Originally Posted by Ong88 View Post

Cut unnecessary consumption.
Stupid/Poor ppl deserve to be where they are for a reason.
Harsh but the truth hurts
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Old 26-10-2017, 09:46 PM   #13
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Originally Posted by Auratus View Post
A promise is a promise, Ah Gong and team promised return CPF at 55. That is it! PAP don't need to worry for us how we live with our money.
Imagine u commit to an endowment plan with a bank or an insurance company
And thereafter, when your maturity period is coming, the bank or insurer tells u the maturity date is extended.

Do u think MAS will step in and tell the bank or the insurer this is inappropriate ?
And that the banks/insurance co cannot do a they like ?

So why CPF can just do this ? shifting the maturity date as they like ?
Shifting also the payment method ?
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Old 26-10-2017, 09:50 PM   #14
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Originally Posted by globalcookie View Post

CPF for housing
It's actually good. Put it this way, without our forced savings, many youngsters may not even accumulate enough for downpayment.
Good ? Think again.
CPF for your housing is so that they can increase the housing price to whatever they want it to be and when u still can use your CPF to pay, it is then deemed affordable.

Most will slog their whole life, pay for their house and left with nothing by the time they reach retirement age
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Old 26-10-2017, 10:06 PM   #15
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Quote:
Originally Posted by jwhtan View Post
Imagine u commit to an endowment plan with a bank or an insurance company
And thereafter, when your maturity period is coming, the bank or insurer tells u the maturity date is extended.

Do u think MAS will step in and tell the bank or the insurer this is inappropriate ?
And that the banks/insurance co cannot do a they like ?

So why CPF can just do this ? shifting the maturity date as they like ?
Shifting also the payment method ?
Because the changes were parliamentary legal statute?
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Old 26-10-2017, 10:07 PM   #16
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Originally Posted by jwhtan View Post
Good ? Think again.
CPF for your housing is so that they can increase the housing price to whatever they want it to be and when u still can use your CPF to pay, it is then deemed affordable.

Most will slog their whole life, pay for their house and left with nothing by the time they reach retirement age
Allowing cpf for housing purchase caused part of price inflation.

Good loh arboh prices be at least half.

Gotta thank Woody for it.
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Old 27-10-2017, 02:23 PM   #17
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If only I can take out my CPF now, I can go for alaskan cruise liao. Darn.
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Old 27-10-2017, 03:01 PM   #18
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Originally Posted by stargazer View Post
If only I can take out my CPF now, I can go for alaskan cruise liao. Darn.
Change citizenship can, but cannot return SG.
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Old 27-10-2017, 08:30 PM   #19
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Originally Posted by Ong88 View Post
Change citizenship can, but cannot return SG.
Can return lah as tourist loh.
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Old 27-10-2017, 08:57 PM   #20
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Originally Posted by BBP604 View Post
Can return lah as tourist loh.
You think they so benevolent?

Was told by PRs who took CPF & go, they had to sign undertaking not to return/enter Singapore.
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