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Family Income $11,000 BUT Can't Save Money - What To Do? | Worried About Inflation And Retirement
Description
Case study is on a family with guy aged 45 and wife is 40. There are bills to pay and they can't save anything per month. With inflation rising, he is concerned about their retirement.
- 3 children between the ages of 3 to 10 years old
- Living in a resale 5 rm HDB in Clementi that is fully paid and own a Japanese car.
- Although CPFOA is below 30k each, they manage to just hit the min sim of 192k in our SA.
- We do have a little savings of ard 50k for rainy days
- income combined is around SGD$10-11k.
0:00 Introduction
2:07 Car loan
BECAREFUL IF YOU WANT TO REPAY BACK YOUR EXPENSIVE CAR LOAN | Car Loan Interest Explained! https://youtu.be/aCwi9zHjAhg
6:11 Understanding desire and how it is the solution to worry
My story on how I grew in 2020 and 2021
9:37 Is there a solution?
3 areas to look out for. Includes handling car loan moving forward
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