With an income of $5K onwards
cash from their own pocket. Do you wish to be like them?
Am I really able to upgrade?
Am I earning enough to afford it?
Is upgrading only for the rich?
Many clients earning $5k to $7k salaries have come to me with the same worries. However, with my meticulous financial planning and step-by-step Asset Progression Strategies, they have since upgraded comfortably and are clear about their investment road map for the next 5 to 10 years.
But after some detailed and meticulous financial calculations, they learnt a better way to grow their wealth.
They have since upgraded to a Condominium without using any of their savings, and even have a CASH reserve of $160,000! With a clear asset progression road map planned for them, they are even thinking of investing in a second property next year.
My clients, Mr and Mrs Hong, both with a combined income of $10k, sought my advice for selling their older 2 room condominium and buying a newer 3 room condominium.
However, analysing their financials made me realize that they could achieve more than that. Today they own a 3 room condominium apartment AND a 1 room studio apartment with a balance of $200k cash.
In fact, they are now paying lesser than they would have if they had just upgraded from a 2 room to a 3 room condominium apartment, due to their passive income from rental!
If you are like most Singapore HDB Owners today, you are probably servicing your HDB loan using your CPF.
And you might be thinking that it is best to pay off the loan as soon as possible to lower your monthly mortgage.
However, this may be an action that can affect your future financial goal in the NEXT 5 to 10 YEARS!
You need to know how to use your CPF
CORRECTLY and EFFICIENTLY!
With all or most of your CPF dumped into your HDB flat, you lose
1. the 2.5% interest you can earn from leaving it inside CPF
2. the accrued interest of 2.5% to pay back when you eventually sell
That is 5% TAKEN AWAY from you, year after year.
For example, if $200,000 worth of CPF funds is put into your HDB, at the end of 5 years, you lose $26,600 in interest earnings.
Selling your HDB at the end of 5 years, you would have to return $226,300 to CPF, which is $26,600 less cash from your property sales proceeds.
Your Loss = $53,200!!
So how can you escape this fate? Arrange a non-obligatory session with me to find out!
However, many clients assume that certain types of property are out of their reach due to worries like age, income, etc. They are limiting themselves; for there are ways around every problem.
Some clients have already missed their chance and wished I was there to advise them years ago.
Will you want to have the same regrets when you look back on your lives 5 to 10 years down the road?
WITH A GUIDED ACTION PLAN AND PROVEN ASSET PROGRESSION STRATEGIES, YOU CAN:
#1 ELEVATE you and your family to financial freedom
#2 GROW your asset portfolio through STABLE property investment plans
#3 GENERATE passive income with minimal to zero extra financial commitment
#4 MAINTAIN a healthy amount of cash reserve funds for rainy days
#5 RETIRE earlier with a secure safety net
Seize this opportunity and you will find yourself getting closer to the lifestyle you have always dreamt of.
With our FIELD-TESTED and PROVEN strategies, you will be able to UPGRADE and let your property work for you instead of you working for your property.
Meet me for a FREE & NON-OBLIGATORY sharing session and I will share more on how I have helped many of my clients, who were in the same situation as you, grow their asset wealth.
As a real estate professional, I aim to help my clients achieve financial freedom and grow wealth through asset progression.
With proper asset planning and implementing sound home-ownership progression strategies, anyone can enjoy a life of abundance and stability.
WHEN YOU MAXIMISE THE POTENTIAL OF YOUR CPF OR CASH, YOU CAN...