Reply to @jonathanliau : Let me add to this, not everybody can invest in ownself or grow up in a good family environment & receive good education. Even if got good education, markets can change disrupt
& cause massive retrenchments.
chanchan1, thanks for sharing your educational experience. But I disagree with you on your opinion on your mum's mindset. You wrote : "My mum started becoming poor when she thinks she is poor.". Everything you wrote is your judgement perception on mum. I believe your mum does have some valuable sales experience since she was earning high commission income. I have no idea of your mum's age, if your mum is older age it is definitely a valid worry factor that she may not be able to get back her cleaner job too. You should not dismiss her worries & critical. If renting out the room was brought up before but didn't happen for a long time it's really a household family issue you have to take charge & steer the negotiation if your mum is really struggling to figure out the issues. Money is indeed impt to everybody who become investing note login userid, but dun let money issues drive fracture family relations. Money & life stability improvement
usually will follow if personal life relations are stable & then able to focus.
My dad passed away last Nov and I helped my mum to rent her common room for $600 in their 3 rm HDB.
We took some time to clear all the stuff of my father but quite fast to get a tenant in.
The hdb my mum dn intent to sell anyway it's is very old 40yrs Liao so sell also not much value.
Now able to get $600 pm and $7200 pa is really extra income on top of what I give her pm.
My mum is a saver (dad a spendthrift) so I -am able to help to manage her funds investing in bonds and equities for the past 12 yrs. Her monthly average dividend income now is $1,000.
She is now comfortable with her financial and doesn't need to work. She does help out at a fren shop daily but that's out of boredom and not for salary.
Hope you could convince your mum to clear the room even now, to make some extra income to help her and maybe she don't have to work too hard as a cleaner.
I always very sad to see aunties uncle working as cleaner at old age (nothing against this job), just felt painful if they are my parents personally.
All the best to you and your family! Thanks for sharing your story.
invest in oneself. work hard and smart. period. n do not overleverage
Reply to @jonathanliau : Let me add to this, not everybody can invest in ownself or grow up in a good family environment & receive good education. Even if got good education, markets can change disrupt
& cause massive retrenchments.
chanchan1, thanks for sharing your educational experience. But I disagree with you on your opinion on your mum's mindset. You wrote : "My mum started becoming poor when she thinks she is poor.". Everything you wrote is your judgement perception on mum. I believe your mum does have some valuable sales experience since she was earning high commission income. I have no idea of your mum's age, if your mum is older age it is definitely a valid worry factor that she may not be able to get back her cleaner job too. You should not dismiss her worries & critical. If renting out the room was brought up before but didn't happen for a long time it's really a household family issue you have to take charge & steer the negotiation if your mum is really struggling to figure out the issues. Money is indeed impt to everybody who become investing note login userid, but dun let money issues drive fracture family relations. Money & life stability improvement
usually will follow if personal life relations are stable & then able to focus.
Reply to @chamois : Yeah and the house is mot even his haha
My dad passed away last Nov and I helped my mum to rent her common room for $600 in their 3 rm HDB.
We took some time to clear all the stuff of my father but quite fast to get a tenant in.
The hdb my mum dn intent to sell anyway it's is very old 40yrs Liao so sell also not much value.
Now able to get $600 pm and $7200 pa is really extra income on top of what I give her pm.
My mum is a saver (dad a spendthrift) so I -am able to help to manage her funds investing in bonds and equities for the past 12 yrs. Her monthly average dividend income now is $1,000.
She is now comfortable with her financial and doesn't need to work. She does help out at a fren shop daily but that's out of boredom and not for salary.
Hope you could convince your mum to clear the room even now, to make some extra income to help her and maybe she don't have to work too hard as a cleaner.
I always very sad to see aunties uncle working as cleaner at old age (nothing against this job), just felt painful if they are my parents personally.
All the best to you and your family! Thanks for sharing your story.
Reply to @Turtle_Investor : lol!