When I was younger, my elders always tell me to save for rainy days. That wont be enough nowadays with high inflation which will whittle away your hard earned savings.

What I wished my elders had told me was to invest my savings and not just save. If I had invested in properties, like some in my cohort did, I would be happily sitting back enjoying passive incomes from rental or drawing down the gains from flipping the properties. Now I hoped to imbue in my own children the benefits of investing their savings and to start early.

I started late (very late) in the investment game. These are my combined (with wife) passive income streams:

1. $30K per year from shares dividends (Reits on the average pay more than 6%)
2. $40K per year from rental income
3. $17K per year from CPF interest (can draw out from CPF if you are 55 yrs and above)

When we reach 62 years old, another source of payout:
4. $36K (estimated yearly payout from Annuity life plan for a couple)