I think you are not successful enough in terms of passive income.
Aim for min $40K/year passive income in order to retire.
There might be many unforeseen expenses such as medical, supporting elderly, children which you can't forgo.
You might want to reduce the pace of working but working part-time as Uber or Grab driver just to make some living expenses for utility, holiday. Nobody to report to and just drive at your own pace.
Meantime, do keep fit and healthy as medical expenses are really high here.
Quote:
Originally Posted by Unregistered
Successful couple, 50 & 51. We have successfully cleared the mortgage of our flat. As a couple, we earn an active income from work amounting to $164k pa and a passive income (from stocks dividends and CPF interest) amounting to $23k pa. In total, we earn $187k pa.
We don't have any debt and can retire in a few years time. Our couple net worth, which includes our flat, cash, stocks and CPF, is close to $1.5m. Ideally, we hope to retire when we reach 58. Our savings, passive income and CPF Life will finance our retirement. |