Quote:
Originally Posted by Unregistered
I am 50, works for a foreign bank as executive director, owns a London, Singapore and Sydney apartment each. All of them will be fully paid in few years time when I opt for early retirement.
This is my only retirement passive cashflow of about 10k a month. I hope to get a golden handshake when I retire ( estimated 700k)
I dont have much savings, only less than 500k, despite earning 350k a year due to high cost of living i.e. changing BMW car every few years, bukit timah cluster house, 1 domestic helper, 2 overseas holiday, 3 kids education and wife not working.
My lifestyle is not sustainable in long run, so I will opt for a toyota car and move to a smaller condo when I retire.
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You have done well. $10k per month of retirement income is a lot. With your properties all paid up, you would be worth at least S$5m. Welcome to the retirment club. I retired at 46 after I got my golden handshake, now I have a passive income of $8k per month from stocks. My penthouse is fully paid up. I dont need to drive as my condo is next to an
MRT station. We have more than enough. Life is great.