Sunday, September 30, 2012

How much debt do I have? (Sep 12)


In Jun 12, I had calculated my total debt which is totally from the mortgage loan of my flat to be $8K. The calculation is based on using the outstanding housing loan amount minus away my total family CPF OA amount.

Today I have recalculated my total debt again, and it has reduced by another $5k. In my post on "What I hope to achieve in 20 years?", I mentioned that I wanted to reduce my total debt to $0 within the next five years, Based on my conservative estimation, it can be achieve by the end of this year.

9 comments:

MSAPersonalFinance said...

How long do you take to fully paid for HDB mortgage?

Freedom Achiever said...

Hi MSAPersonalFinance,

Slightly less than 10 years.

Regards,
Freedom Achiever

SJSGroup said...

Being an Financial Advisors, after seeing your debt amount, i will say you can repay your debt in 8-10 years,

Genses YT said...
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Genses YT said...
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SmartPassiveCashFlow said...

I took around 6 years to pay off my 1st property. Building up on my property portfolio now. :-)

SmartPassiveCashFlow said...

Congrats on your debt reduction success!!

Robert Cameron said...

Definitely good to get rid of your debt as fast as possible!
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