You are absolutely right. My brother, who was a banker, did that last year. He is a good investor and grew his wealth over the past 20 years of working. At the age of just 48, he quitted and now managing his own money full time. he now has the flexibility to spend time with his wife and teenage son. His dividend income plus trading profits is now a lot more than his household expenses. His wife can practically save the whole of her salary. Contrary to the image of a banker, he is really a nice man. He spends a lot of money on our parents too.
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Originally Posted by Unregistered
In today's modern world, where we have equal rights and shared responsibilities, it is possible for a man to retire early while still performing his duty in a marriage. Today, most couple in Singapore work and both husband and wife earn a salary and they usually agree in sharing the household expenses, usually 50% each. Household chores and child care taking responsibilities are also shared, 50% each. A maid is usually employed to perform the household chores.
For some couples, the man can be very driven and intelligent. He moves up the corporate ladder fast, earn a lot and invest heavily. Once he achieves a certain level of wealth and able to generate income from his assets, he may decide to retire. His passive income will be able to cover his portion of household expenses. So for instance, a household expenses is $100k pa. The husband cover $50k and the wife $50k. If the husband say earn $200k, he saves and invest $150k pa. If he is able to grow his assets which then generate consistent returns of more than $50k pa, he is able to retire. The wife will still need to work and save more and invest more until her passive income reaches $50k pa.
I know of men who are high achievers who retired in their late forties after their investment portfolio generates more than their expenses portion. Their wives, who usually earn lesser, continue to work for 10 years more to achieve the same amount of investment portfolio and returns as the men. The wives retire in their late fifties and by then both husband and wife are millionaires.
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