i happened to wake up and smell the coffee this morning, thanks to my very straight-talking dad. with a little bit of financial analysis, he have decided that he would require a monthly contribution of $1k (and that's not including my mum) from me when he retires. which is 12 years from now. which means i have 9 years to work on achieving the targetted amount after graduating.
meaning i have to make enough to cover at least $2k worth. to give my parents. and this is not taking into account future value of money.
of course, i know that if i do not have the means to give them that amount, they are not going to force it upon me. and my poor brother has only 6 years after graduation to reach the target. still, it will be nice to be able to provide for them the expected amount. gah! me and my sense of responsibilites.
crap! it's going to require a lot of brain power to work out how much i should earn by then. now i know where i got my in-your-faceness from. definitely from mr wong. anyhows, i predict i will be overwhelmed by debts if i dont start financial planning soon.
i so refuse to grow up.
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