I agree that it is important to have good balance of work and leisure. But it is really foolish to retire early. And totally disastrous to retire without sufficient funds to last the distance, and no plans on what to do upon retirement. A life in retirement spent on looking for ways to save money is a life totally wasted.
Work hard, save hard, invest well, live well.
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Originally Posted by Unregistered
This is a brilliant idea.
In Chiang Mai, you can live very well with S$1k pm. So your S$1m can last for many, many years. However, instead of just spending the S$1m, you may want to invest in blue chip stocks which can give you 4% pa or S$40k pa. Since you may just spend S$12k pa in Chiang Mai, you can even save the rest.
Wishing you and wife the best. You both deserve the good rest after working so long and so hard. Don't be a fool to wait so long to retire.
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