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How much can you owe?

October 12th, 2010 Posted in Investment

I think that should the first question one should ask before thinking about getting loans.  Knowing how much to owe rather than how much to borrow would make more sense.  The latter is like an Ah Long giving out payday loans to gullible individual.  Recently a government owned financial institution was doing a promotion on executive loans at our department.  The maximum payment period has been extended to 20 years! Personally that’s a very long time.  In the public service you only serve till the current retirement age of 58 years old.  A child born today, twenty years later is almost considered an adult.  Money borrowed today, if not properly invested, may end up still being paid yearly up to twenty years!…

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