Although our neighbors down south's buying power is 3x more than M'sia's, there is a certain value proposition we can learn from them. They can survive in S'pore for SGD 1K, ie 3000RM. Can we do the same in P.Jaya?
The PJD highway will take away lands, dislocate a few hundred houses forever. Many families in P.Jaya are in the 50-70 year old category.
To P. Jaya residents - think very hard before your rights are taken forcefully away.
Food for thought. -- Can you enjoy retirement on S$1,000 to S$2,000 a month in Singapore? Three retired 60-somethings - a former IT professional, firefighter and salesman - share what life after retiring is like, and how they built their nest eggs.
ALSO WATCH:
Am I Planning Right For Retirement, Even In A Recession? For Ages 30+ and 40+
Retirement Planning When You're In Your 50s (And In A Recession) https://youtu.be/Dnc8Bh9G_H0
On a budget of about S$2,000 a month, Phua Foo Guan leads an active lifestyle going running, stair-climbing, playing table tennis and travelling. He once made a 30-day trip to Beijing, Siberia, Moscow and St Petersburg on a carefully-planned budget, and has also been to Cuba, Mexico and Alaska with his wife. He has been saving in cash and CPF since young, and investing his money over the years.
After working hard and scrapping by to put his four children through university, former airport firefighter Mohd Amin now enjoys time with family and friends - a modest lifestyle that requires only some S$1,000 a month. Downgrading from their 5-room to a 2-room HDB flat helped ensure a comfortable nest-egg.
Patrick Lee, who is single, found more time in retirement to care for his mum who has dementia. His budget of S$1,200 a month lets him take regular short holidays to Vietnam or Phuket, and indulge in cooking for friends or champagne brunches. His retirement income includes unit trust dividends and cash from renting out a room in his HDB flat.