stressed !

was talking to my mum just now.
about household bills and expenses.
by the end of conversation,
i estimate she will have about 100k odd,
that is by the time she retire.
my dad doesnt have any savings.
he's basically just getting by with his cab income.
let's say by the time mum retires, 65.
no more income.
then dad still managable till maybe 2-3 more yrs?
b4 he actually stops driving.
so two old folks with no income,
and savings of only 100k+.
using my financial advisor's minimal knowledge,
i estimate it will only last them 5yrs.
simple example:
lets say they have 150k.
for a better life, they spend 2.5k btw em a month,
that makes 30k p.a.
so what happens by the end of 5yrs?

i think the burden is going to fall onto me.
my elder bro only cares about himself.
my younger bro seems hopeless.. (for now lah)

how to not stress?

but maybe they dont need to spend so much.
coz they'll alr be 65 and above.
let's say 1.5k btw em.then 18p.a. and about 11yrs.
hmm...

actually one solution would be to downgrade to 3rm flat.
but i dont want !
coz my elder bro will move out.
so when my parents kick the bucket,
and unfortunately, if i live long,
it is only natural i take over the flat?
and i will want to own the 5-rm flat !
instead of a 3-room..

another solution is to get a 1mil insurance for myself.
either i die by 40 or i commit suicide.
1mil will be enough to last them ba? haha..
ok.. i'm just trying to be funny..
hahahaa~~

then i ask my mum why she didnt plan earlier?
she said coz that time she did not think so far.
and besides, she felt insurance was a burden.
which is completely wrong!
if she had bought 20yrs ago, she would have bout 100k now.
by the time she retires, maybe close to 200k.
plus her own savings of 100k.
it's gonna be 300k.
my colleague who is 47 did just that 20yrs ago.
the other day he showed his policies to me.
how i wished those were mine !
plus his cpf and based on his salary,
i think he will have more than 1mil for his retirement.
becoz of his gd planning, he only saves a fraction of his salary.
the rest is on his luxury. why?
he changes car every 4-5yrs and just did last month,
siao on cars, buy this buy that on car.
siao on watch.. all more than 1k.
he saw my tag huer.
'eh, swee leh..'
the next day he buy liao..
one week later e other one which is red in color.
2-3 weeks later he bought another 2k watch.
cool man~~~~
every yr go on holiday..
i think he seldom holiday in asia..
compare this to my mum's genting..
compared his 1mil to my mum's mere 100k+
david vs goliath..

anw, my dear frens who bother to read my blog,
it's seriously time for planning.
the two whom i know who said the same reason,
or rather, excuse as my mum did.
bk and kl.
i think it's the time to start now.
want to follow my colleague's footstep?
or my mum's ?

bk, wai wai is always there for you.
kl, mai tu liao. call carey now..
to those who need good advisors,
i can intro to you.
confirm wun ask you get policies you dun need.
if not b4 hand, i can also tell you what you need.
but not in depth la..
forgot alr.. hahaha~~~

recently been blogging too much..
dunno why just feel like blogging these days.
stay tuned !
if there is still ppl reading lah...
haha.

spain win tonite !
el nino torres~~~~!
lolz