Avoid feast and famine in housing

[etan]

Say, I intend to give out a small some money to one of my children. Is it better to give them cash or is it wiser to help pay off the balance hdb housing loan from bank which incurs higher interest than hdb.

This will help to save some interest over some 20 years. The interest saved can thus be used for other purposes, e.g buying ETF which can generate some dividends. They are not financial savvy.

My father's idea of inheritance is for me to earn a million sgd before 35, then he will will his money to me. This is his logic of making sure i learn the hard way and comfortable in managing large amt of money.
He start telling me when i am 18 and sure enough, i prepare for it and become a saver and not some wastrel like i am suppose to be...

Hi WolfT,
I would say your father is a better teacher, and also, you are serious about learning, that is why you pick up so fast. But you know something, to some people financial literacy just come naturally at a young age, but to others, they think it's very dry.

Congrats, at least you have reached one of your major definite purpose because you started out young.

You are an inspiration to those who wish to be successful in their journey towards financial freedom!

[chialc]

My father's idea of inheritance is for me to earn a million sgd before 35

mmm...you sounds like AK.
Good to see you in this forum giving your valuable views and inputs.