My name is Eddy S and i used to own a HDB flat with my family. However, at one stage, we started to face the reality of inflation and human ageing and also the idea of Legacy Planning for our beloved Kids. We cannot be possibly working till 85 years old. So, we began to think about our retirement & legacy plan.
We started to ask ourselves these Questions:
a) If we fully paid for this HDB, can we retire comfortably with our savings?
b) Are we able to loan from our property if financial “rainy days” come ?
c) How much saving do we need when we retire from the age of 65 years old?
d) We need to cater for medical care, living expenses and quality living. So, we estimated we need $2,500/month x 12 months x 20 years = $600,000/person. And this is not taking into account inflation yet. So how do we save up for this $600,000/person?
e) If we sell our fully paid HDB when we reach 65 years old, and downgrade to a smaller HDB, is it enough for retirement?
f) Are we able to leave behind a positive valued asset for our offspring ? or leave behind a negative valued asset such that they will “remember” us on a lower note in times of our eventual demise?
Then we realised that people have been talking about growing their asset wealth through property to prepare for retirement. They called it asset progression. How do they do that, I asked myself? That’s when I decided to seek advice from Simon Lum (+6598507870) understand more about this. We understand that Simon have helped many people to plan their retirement through leveraging on property…
Simon prompted me with a few questions that changed my outlook and it may just Change Your Life ..
1) Do you believe that by paying off your HDB loan fast, it will be an asset to you?
The Truth is: There are many Homeowners who fully paid off their HDB Flat and sadly, they are facing a negative sale now.
2) How did some HDB Homeowners managed to profit over S$200,000 from their sale, but others don't?
The Truth is: A HDB Flat is considered an ASSET only if you know how to leverage on it CORRECTLY..and Simon is the best person to offer you the optimal solution for YOU !
My HDB was a NEGATIVE SALE and YET i am still able to realise my Condo Dream and currently live in a FREEHOLD Condo which concurrently doubled up as a positive Legacy Asset for my beloved Kids !!! Hooray !!
My family are VERY thankful to Simon and we hereby urge all who read this article to give Simon an opportunity to share with you a tailor-made plan for you so you can decide how you can
1) Upgrade your family's lifestyle
2) Grow your asset wealth for retirement
Do not hesitate to call Simon+6598507870 for a sharing session on the legacy or wealth accumulation through asset progression. Or even any residential buy/sell advice.
Eddy S and Family
Fr HDB to Condo Owners-Year 2020
(Contact Simon to get my number for personal verification and testimonial)