HDB Loan Approved! Rental Settled. Left with Monday showdown. I have faith it will turn out for good because God is with me. Emmanuel.
Went down to Kah motor with Chee Aik and Chee Seng. Chee Aik bougt a 1.3A Honda Jazz for $55000 which in my opinion quite expensive. Generally, Car is just a liability at a convenient. The old Honda Fit he bought 6 years back for $80000 is now worth $29000 in scrap value. Is this how a typical normal Singaporean manage his finance? I think is pure senseless money management.
How can God entrust you with much, if you cant even manage a little?
True he bought high 6 years back, so changing will be good for him definitely. Would it be better if he sold off his car and get back the $29000 and use this cash to make more cash then buy back later?
Buy car now? no but maybe 1-2 years later.
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