It is really important to learn how to get passive income vs what we r doing now which is active income. This is because one never knows if tragedy will strike one day and due to illness or other unforeseen circumstances we r not able to work anymore. Buying disability income insurance may help but insurance large claims are notoriously difficult to get sometimes. So plan early for passive income for retirement purposes.

Passive income can be through rental income, stock dividends or royalty income from books or other ideas. Can go read up about it.

Now I am in my late 40s and have planned for my retirement.

We can either own 2 private condos, live in one and rent out the other or put our cash in FDs since rates are high. Or we can retire in Malaysia by living in our JB semid and renting out our Sg condo.

So I don't feel stressed anymore nor afraid if I lose my job as we can still survive.