Quote:
Originally Posted by Unregistered
Your reasoning is very flawed. Does that mean that if one earns more, they will have to spend more? Frugality is key if you want to retire early. I am now a junior surgical resident, but I am still eating and living the same like my university days. Eating at hawker centres, taking bus mrt every day. I even head to JB to buy all my vitamin supplements because it’s cheaper there. |
These days FIRE seems to be the rave. A lot of this depends on having successful investments and for the financial system to continue to support these yields on investments be it dividends, rentals etc.
Can you imagine a world where most of the young people are retired at age 30?
Then who is doing work? Who's working to make the money to pay the rent? Doing the work to allow companies to make profits?
AI? Maybe....
For those people making 40-50k a month the difference is living in landed in SG perhaps.