Quote:
Originally Posted by Unregistered
Retired couple in our 60s.
Flat paid up. No car.
Simple retirement lifestyle.
Cook at home most of the time.
Our combined passive income from CPF Life and children’s contributions is $3000 pm.
Our expenses is $2500 pm. |
You both have done well as a retired couple. You own your flat and I assume no debt. Your passive income is more than your expenses so you have achieved financial independence.
Much better than those who earn $10k pm but spends $20k pm. It’s not about how much you earn but how much you spend.