That is why we are determined to retire from salaried work by 50. We are 45 & 42 yo, earning a good income. We manage to save S$50k pa. Our condominium unit is fully paid up and currently valued at S$1.2m. We have investments which yield us a passive income of S$80k pa. Without a car and a maid, this is more than enough for us. We have set aside funds for our kids' education. Our net worth is currently close to S$2m.

We want to do lots of charity work when we retire, we are determined to give back to society as we were from low income families ourselves. Life is meaningless if we only think of ourselves and just our families. There many suffering people out there in the world who desperately need our help not just donations but our personal outreach to them. We were helped by others in the past and now it is our turn to make a small difference to the lives of others.

A life well lived is not living in luxury, boasting your wealth, playing golf all day, etc but it is a life full of good deeds, feeding the poor, orphans and the aged. Leave behind a legacy which is truly meaningful.