I stayed in my parent's rental property for too long. It was near the office, hence everything was so convenient, walking distance in fact. I stayed for 7 years, and I missed out on 7 years of extra dividend income. Lets take a very conservative rental of $3600. Over that period, it was $4k+, subtracting expenses, yields $3600 a month. Subtracting the amount I would have to pay to rent somewhere cheaper, say $1800/month. I would pocket $1800/month, or $21.6k/year. Investing that spare cash into a safe dividend stock of 4%, would yield $176k over 7 years! I would still be getting around $6.4k of dividends every year. It pays off to live frugally early on. Singapore's MRT system has many apartments/condos integrated or nearby. I could've easily picked a place further out, close to a MRT station or with good bus connectivity to the office. I was a spoiled kid. I now live at the far end of Singapore, and it's definitely still ma...
To document and reflect on decisions in my life. To generate passive income and invest for the long term. A lifestyle and documentary blog by Mr EOR.