"I Aim to Give a Condo Each to My Kids!" Seriously?

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Күн бұрын

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@bessieling3719 3 ай бұрын

These are some if my experiences/teaching rooted in my family I'd like to share hope it might be helpful. 1) Proverb 22.6 Train up a child in the way he should go, even when he's old he'll not depart from it. 2) Proverb 29.17 Discipline your children and they'll give you peace of mind and will make your heart glad 3) Isaiah 54.13 All your children shall be taught by the Lord,and great shall be the peace of your children. Some of my sharings. Thanks

@1m65 3 ай бұрын

Amen!

@annagoh2527 3 ай бұрын

Mr Loo gives a lot to his children by providing guidance & mentorship in their life/career. He is teaching the children how to fish rather than just giving them fishes which is far more valuable. His children are very lucky.

@HoneyMoneySG 3 ай бұрын

Mr. Loo is like the wise financial mentor many of us wish we had (From Rich Dad, Poor Dad)

@1m65 3 ай бұрын

Oh please…. I learned a lot from you too!

@yili7347 Ай бұрын

Great to hear that your kids have parents like you. I hope that parents nowadays can strive to be a better role model. Sadly some parents think that being unkind to their children is 天道.

@goheechoo 3 ай бұрын

Chinese philosopher Lao Tzu once said 'give a man a fish and you feed him for a day. Teach him how to fish and you feed him for a lifetime'.

@durianuncle 3 ай бұрын

My wife and I plan to gift what our own parents had given us... Love, guidance, stable and happy home, opportunities to excel (education). We don't believe in gifting them houses, money unless they are in seriously situation (e.g. handicapped). They need to stand on their own, with their own ability, and willing to take risk, and take ownerships of their own choices in life. They can have our assets after we pass on.

@charmainefang9015 3 ай бұрын

Get them to work and take care of themselves and if they have the ability to do that on their own, with the extra financial help it will just propel them further taking them to another level. Right education, mindset and best with finincial help make a whole lot of difference.

@jeremysng4214 3 ай бұрын

While we try not to be calculative the money we help our children should be taken as loan to them. This way they won't take it for granted & will make plan to return back. In addition in marriages there is no guarantee so in event the marriage breaks the dispersion of the money from the house should then be clearly return back to parents.

@KayDav-q3z 3 ай бұрын

If parents can help their adult children in housing or anything , it’s a good thing, give them their inheritance now instead of till u r gone. My 2 adult children,mid 20 then have part of their inheritance more than 10 years ago n their properties hv increased a lot in value now. The 4 grandchildren, 13,9,6 n 4/ years old.. each hv 500 shares of a bank stock, the dividends will b reinvested n compounded till they r 25 years old, i will b dead n gone then but at least I know they hav some money to help them in their lives. Help out if u can…

@1m65 3 ай бұрын

That exactly what I don’t want to do.

@xiansiang1240 2 ай бұрын

@@1m65don’t see the difference from your video

@gizamlukeable 3 ай бұрын

Very common nowadays, seen quite afew. However the MCST fee the kid pays themselves. The record breaking resale HDB prices not all are downgraders too, many are also from these pool where the parent chipped in to pay for 800k and up flats. Thus the high capital to do 100k+ Reno.

@wailingyeoh6882 3 ай бұрын

My husband and I married late, so we didn't need help from parents to buy property. I am happy to help my kid with housing deposit, but she may not need my help. There is good in letting our kids buy their own property, at least the first one. I see my friends who buy property for their kids complaining that their kids didn't look after the property well, or when their kids want to sell, they disapprove. If their kids bought their own property, they will have full freedom to do whatever they want with it. Ultimately, everything we own will go to our kids because we can't take our material things with us when we pass on. But when and how to give, that requires wisdom.

@philipchan0231 3 ай бұрын

Exactly. This is my life mission to work hard and be financially secured and create a legacy for my two children (and now including grandchildren) because decades ago I promised myself that I would ensure that their lives are at least comfortable because the future is uncertain and very expensive!

@liweiquek7382 Ай бұрын

My neighbours are 2 young guys staying at different floors, same size of condo. Nearly $5m each. Bought by their parent. Both are smart guys.

@steventay5834 Ай бұрын

liweiquek7382 My neighbor unit is $50m each

@netviper 3 ай бұрын

My mum helped me with some money for my 1st hdb reno. I appreciated very much and paid her back after saving up the amount. Other than that, my parents do not know abt anything financially except pure saving in banks. Which is why i only learnt personal finance at around 30s through financial blogs and youtube. So i think it is impt to educate ya kids on personal finance as early as possible.

@1MW9 3 ай бұрын

100% agree in all the mentioned points. Now what should parents do if we reach a future of 20 years later with every BTO costing $1mil and above, where there is no chance that a young couple can afford themselves? A $500k BTO today was around $200k 20 years ago

@wendyshoowaiching4161 2 ай бұрын

My super parents left us 3 properties so we can retire when we are old. Their kindnesses are at another level compare to many families parents.

@joyceyeo2786 2 ай бұрын

Interesting perspective. Thanks Mr Loo

@walauSG25 2 ай бұрын

Like the way you put forth this message, esp. cheerleader and safety net.😊

@damyeuful 3 ай бұрын

Didn’t Warren Buffett say ‘I will leave my children enough to do anything they want in life but not enough to do nothing at all’

@Jamestong-r8h 3 ай бұрын

Are you actually aware that warren buffet is leaving each of his kids 2 billion dollars each.

@steventay5834 2 ай бұрын

Warren Buffett is not God. Who cares what he said

@Missy_Ai 3 ай бұрын

Mr Loo just made my parents look bad 😂 They totally stopped giving me allowance nor spend money on me when I reached 17. I needed to sign bond for monthly allowance while getting my polytechnic school fees sponsored. I worked full time to pay for my part time degree. I saved to pay my resale flat and reno all by myself. I also got to work hard to get my CPF to hit FRS too 😂 So for a moment I wondered why I don’t have a dad like Mr Loo so that I don’t need to strive so hard to stay alive 😂

@MsCorydorus 2 ай бұрын

This is what happen to most people.

@joshuaseah1695 3 ай бұрын

when i was in the army i was a stayout soldier so my mere 600-740 was barely enough man... my dad gave me his card to pay for meals if not every month i would spend easily 600 also

@lpfong2538 3 ай бұрын

You're a great Father ❤. But also remember to encourage your children to build a closer relationship with Elohim. The relationship with Elohim matters most. 🙏

@blue-ef9zl 3 ай бұрын

@Mr Loo, just asking.... did you also "help" your child for their wedding cost as well, in addition to housing ? Thanks..

@1m65 3 ай бұрын

They not married yet

@1m65 3 ай бұрын

So I haven’t decided

@BrandingHainan 3 ай бұрын

Please don’t try to create property panics in Singapore ! Any Singaporean who is working and upgrading oneself thru continuous learning and part time study will sure afford to buy HDB resale or BTO! Unless one is a big spenders on Hanging flowers in clubs or womanizers or gambles ! Government just not doing enough on anti speculation on property by imposing longer term resale hdb holding period by taxing higher if property is sold with higher capital gain tax on all properties! Once implemented, many will cry till no tears ! See china property bubble burst in 2020 till now, how many properties were sold with negative equity with top up required after sale of property! 😢😢😢😢😢😢 so don’t create a false news on property panic in Singapore!

@xfall86 3 ай бұрын

Wah that cpf boost alot leh. Most will not have this 😢 Mini safety net when retirement comes

@PPI317 3 ай бұрын

Very common, I see alot of my neighbours in a new TOP condo buy for their children. All in 20s already own a condo under their name

@PeterLeo-m6w 3 ай бұрын

Be it condo, bto or resale hdb, kids nowdays no problem lah, as parents its automatic we wanna help them get ahead in life, why want them to suffer like our time, 😊

@PPI317 3 ай бұрын

In their property game, buy early is always better than entering late

@Star-008 3 ай бұрын

Totally agree! But I think your plan of not wanting to give them too much won't work. This is because no one can bring his money along when he leaves. In the end, your millions will still go to your children.

@1m65 3 ай бұрын

Yes, but it is in our plan to give them only when they are much older… way way older

@pohkhui 3 ай бұрын

A friend bought a condo for his children. He said because by the time they grew up , he worried they couldn't afford to get housing.

@1m65 3 ай бұрын

See? Exactly what I meant….

@rabbiter-v8b 3 ай бұрын

well he is not wrong, look at what happen to vehicle prices in singapore.

@ryanwoody77 3 ай бұрын

Mr Loo, this is a very interesting and important topic. I hope there will be more of this kind of sharing from you to inspire us.

@1m65 3 ай бұрын

I try….

@abcxyz1242 3 ай бұрын

Mr Loo is a good father 👍👍

@lollipolli73 3 ай бұрын

His children are lucky to have an understanding and caring parents. 👏🏻

@lamcso 3 ай бұрын

The decision sound great for parents but may not be good and what the children want. This may also destroy their self confidence and determinations to excel in life. I wanted to give my 3 grown up children 1 condo and cor but in they chose not to accept it. They told me they need to walk the paths like all their friends and peers, be independant.

@BrandingHainan 3 ай бұрын

Will send this to MND to analyse this topics on anti speculation procedures to impose further policy

@1m65 3 ай бұрын

I doubt they will listen

@fanlie1576 3 ай бұрын

Thanks for sharing. Next time, can share about WILL? What is your thoughts about WILL, on what to be considered especially what you want to inherit to your family members.

@1m65 3 ай бұрын

I shared before already

@sohhp79 3 ай бұрын

I concurr with Mr Loo's leadership and insight in building up their children's resilience and self-confidence.

@1m65 3 ай бұрын

Thank u very much

@ninijo1234 3 ай бұрын

Plan for your own retirement first, Then train them to work for their own life goals. If you have extra, by all means. Values > Money

@jenjen59 3 ай бұрын

Mr Loo, did you pay for your kids' university fees? Why or why not? Also If they want to pursue further Masters , then how?

@PotatoPuff-cl7gu 3 ай бұрын

Thank you. Great sharing

@CT-xy6or 3 ай бұрын

I don't agree with quite a lot of your videos, but this one I agree a lot. Don't be our children's retirement plan.

@1m65 3 ай бұрын

Thank u very much

@tedchandran 3 ай бұрын

Jai Hind. Our Indian Richest had just given his son a 1.5 US billion wedding party.

@88_JJW_88 3 ай бұрын

if your kids wanna go into a startup biz and need you to be their guarantor for $10m in this biz, will you support?

@1m65 3 ай бұрын

Nope.

@88_JJW_88 3 ай бұрын

cos of the quantum?

@NorfSarf 3 ай бұрын

Hi Mr Loo, how to intern at your fund management research work?

@1m65 3 ай бұрын

Free work. No pay. Very few would like to do this kind of work.

@hhspore 3 ай бұрын

Your children are just so blessed.

@1m65 3 ай бұрын

I was blessed too, to have a great father myself!

@superconnie5003 3 ай бұрын

very good

@MsCorydorus 2 ай бұрын

wonder how much baby bonus you give. And how much allowance you give for them to help you. 60k into CPF. All this can be alot. Most parents cannot afford this.

@ngchongsin2009 3 ай бұрын

Not sure to even give deposit for the children's house is a good idea

@nigeldcruz1195 3 ай бұрын

Very good points Mr Loo. As a young parent, we really can learn a lot from u. There are many fake gurus out there spouting nonsense often cos they wanna sell smthng. Your teachings are genuine n draw a different perspective!

@1m65 3 ай бұрын

Ha……just sharing my life experiences!