Learn how you can put your money to work in more ways than one, in turn creating additional sources of income that will contribute to the total of your estate.
Creating passive income is the key to growing your estate – yet there is a common misconception that it is too difficult or near impossible to earn a tidy sum without taking a huge risk.
In a most recent move by the Singapore Government, the current loan limit rules will be relaxed for anyone wanting to borrow money using their residential property as collateral… tweaking the total debt servicing ratio (TDSR) framework which stipulates that all of a borrower’s debt repayments – including mortgage, credit cards and car loans – should not top 60 per cent of monthly income. The move is set to help retirees, along with others wanting to cash out using the value of their home.*
Like most important things in life, estate planning requires a well thought through plan in order to leave the legacy you desire to your loved ones and other commitments that matter to you. Factor in the possibilities of ill health or unexpected circumstances that may deplete the fruits of your labour, and you will find that a more concrete plan is needed to create more inheritance. That’s where passive income comes in.
This dream of collecting passive income very often remains out of reach for most Singaporeans – but that simply boils down to the lack of action. As long as you are a homeowner, there are ways you can create passive income!
What you do today will significantly impact your estate planning. Embark on your path to grow passive income and create more inheritance today.
Join us for an evening of conversation with an expert in estate planning, Summit Planners Principal Consultant Mr Stephen Chew, where you can learn more about:
How To Receive Passive Income & Create More Inheritance From Your Home
Date: 26 April 2017, Wednesday
Time: 6.30pm – 9pm
Venue: Sheraton Towers
Dinner will be provided. An admission fee of $50 applies.
Registration is required. Kindly RSVP by 10 April to secure your place.
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