Retire at 40 ? Simple lifestyle ?
Say you live to 80 with $2000 month expenses, that is 960k.
Ok, discount that amount due to time value of money etc etc.
Then consider you said you earn 6500 at age of say 37 (in 2010) ?
If you are male, degree holder , singaporean serving
NS, you had 13-15 years working life. And say you saved 4500 per month for that 13 years..
you only get 800+k.
Then u had to pay your
hdb flat, and child education etc...
I think you struck rich big via your investment. Definitely not via salary and saving. Most likely bought a 2nd property in 2004 -2007 etc.
Quote:
Originally Posted by Advisor
Hi,I am already approaching 39 very soon.I am leading a very balanced life right now.Spending time with family and finding the time to exercise.In addition I have time for personal development i.e. Reading widely on whole range of topics that interest me.But I need to emphasize I live a simple lifestyle. HDB and driving 1.5l japanese car.Therefore I don't need a lot of money.The place I am staying is fully paid and my child's education is provided for sufficiently.Having said that I was pretty sharp and decisive with investments taking bit of risks along with them.But I was proven right most of the time  That is why I am able to retire from full time fixed salary work before the age of 40. |