Your friend is a wise man. Health is wealth. What is the point of having so much money but you are suffering. You won't be able to enjoy your money, instead you are giving the doctors your money. It is no wonder why doctors are so rich.
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Originally Posted by Unregistered
Congratulations!
You are not alone. A friend of mine also retired early at 52. He was a high flyer and decided to quit the rat race as he is getting very tired. He told me he worked very hard for 30 years and now is suffering from various ailments such as hypertension and other heart conditions. His doctor told him that he will not live long if his lifestyle continued. It was a wake up call for him. So he decided to retire even though he enjoyed bossing around others.
He had $1m in savings then. He figured it would not be enough to generate enough income. So he sold his terrace house and use the cash proceeds to pay off his mortgage and car loan. He also bought a condo in the west for $1m. After all that, he had a net cash of $1.5m. He then invested $2m worth of stocks which gives him a passive dividend income of $100k pa. His wife earns $120k pa. And because he is debt free, his spendings is only $70k pa. So his family saves $150k pa. He is very happy now and he is working on improving his health.
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