Good sharing Sir.
I would like to know what have you invested to generate passive income of $150K. Does this include the
CPF interest?
To generate consistent of $150K, I think the total portfolio investment is in the range of $2.5-$3.5M.
If you have invested that amount, do you still have cash saving that can last you for 2-3 years?
Solely myself (the mid-40s) is generating $50K/year based on investment and
CPF. My net worth is $1.6M including the
HDB flat (the one and only property) but excluding my spouse saving.
My spouse does not invest and has stopped work. Including my spouse, we have a total net worth of $2.5M.
I am aiming for a total net worth of $4.5M at age 65. It should can be achieved if I can continue work till then. However, work is never secure and health is not certain.
Thus I would like to learn tips from an experienced user on how to plan and invest for passive income.
Thank you
Quote:
Originally Posted by Unregistered
It has been a few months since I last visited this forum and nothing has changed. The same old stories keep appearing. Posters talking to themselves mainly.
For me, the last couple of months was hectic - workwise. At 56, instead of seeing my workload easing off, I am taking on more load. Sigh. Waiting for the day to offload some of the work to my younger colleague when he gets promoted.
Financially, my wife and I are ok. We have established our passive income streams. We are looking at a likely $150k passive income this year despite many of the companies reducing their dividend payout. We made up for the reduced dividends by accumulating more shares/bonds. In the meantime, we do not plan to retire anytime soon. As I have shared before, the period from age 50+ to 60+ is when you see your financial obligations tapering off while your salary peaks or is peaking. This is the period where your savings rate accelerates.
From the age of 50, for every year that we worked, we saved enough to last us 3 years in retirement at the current standard of living. No doubt, this was helped greatly by the passive income we have been getting. At $150k, the passive income would cover our annual expense, including an overseas holiday for a family of 4. This would mean that we could practically saved our full salary for this year. Going forward, if we can grow our passive income by 3% per year, we will be confident of keeping pace of inflation and we will be ready for retirement.
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