Financial Goals

 Many people do have different interpretations of what being financially capable is like. 

One group considers having a house and a car to be financially capable. Others to have a house, car and passive income to generate enough funds for the long term.

For me, I do have some considerations:
1) to be able to pay for my children's education

2) to be able to retire when my first child has his/her own children and that Jenny and I will be able to take care of the grandchildren together without worrying too much on income. 

3) to take care of my wife. This sounds a little vague but the idea is to allow her not to have to work too hard/to be able to take part time/ have no job to be able to do her own things at home.

As such, I have laid out these considerations in the following chart. 

	Children's education			Financial Independence			Take care of Wife
If buy landed house (3MIL) sell both houses	X			X			X
Max Loan 2 Condos, Buy 3rd Condo (1.6MIL)	XXX			XXX			XX
If rent 3rd property, keep 2 condo
If sell Condo 1 Keep Condo 2, buy 1.6 MIL	XX			XX			XXX
If sell Condo 1, Keep Condo 2, buy 2.0 MIL	XX			XX			XXX
If sell Condo 1, Keep Condo 2, buy 2.5 MIL	X			XX			XX

It seems buying a 3rd property and keeping the other 2 rented seems like an ideal choice.

Have to take note of the ABSD (which will lower net worth) and that the 3rd property may be a smaller one.