On the contrary, what happened to this 65yo person was that he lost his job when the SME he worked for, folded up when he was in his 50s. At 55, he took out his
CPF money to start a business, but unfortunately the business lost money and he closed down the business losing his
CPF savings.
Since then, he has been trying to get back to work. You can imagine how hard it is for him at his age to get a job. His wife (a housewife) then had to take on work to supplement the family's income.
It is easy to say money is not important when we have plenty of money. It is actually cruel and hypocritical to say that to poor and struggling families. So don't blindly forward such you-tube nonsense.
Quote:
Originally Posted by Unregistered
退休準備分享 Get prepared financially and psychologically. Too bad if they were the jollies when they were young without given due consideration for their golden years. So youngster should save adequately for rainy days. Singaporean are mostly millionaires with condos and high CPF/ savings. Not enough money to spend? Just rent out one or two rooms, or better still, sell it outright to get ROI 10%. You will get 180k annually or 15k every month! |