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Talk to myself
I am a billionaire. No need to work to earn money and dont need to spend money for everything.
There is no need for retirement plan when never need to work at at all. |
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There is no need for brain cells when never need to think at at all. |
Originally Posted by Unregistered View Post
We are both 53 yo, planning to retire at 55. When we reach 55, we will get our CPF ($200k). We will also put money in CPF Life Enhanced Retirement Sum. We also have other sources of passive income. In total our passive income $70k pa from 65 yo onwards. To fund our retirement from 55 yo to 65 yo, we need cash. We can sell our condo for $1.1 mil and buy a 4 room HDB flat ($500k), which will give us a net cash of $600k. Our CPF $200k. So we have cash $800k. We will need about $400k for the ten years ($40k pa). Looking forward to retiring at 55. There is no need to work until 65 to 70 yo. Some people die in their 50s and 60s. There’s no guarantee we won’t be one of them. Work so hard and never get to enjoy retirement. So sad. When we die we will leave behind for our children our HDB flat, cash, stocks and life insurance payout. |
Middle class couple, 54, 52
Children in universities Household income $12k pm 4 room flat paid up Small car paid up No debt Combined household net worth $1 mil Will retire when we reach 65 (we will start receiving our CPF Life) Our projected retirement combined passive income from various sources about $5k pm ($60k pa) Our retirement expenses estimate $4k pm ($48k pa) (food, utilities, insurance, holidays, donations, etc) Plans to have no car in retirement (don’t need, save money and save the environment) Will cook our own meals |
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Damn! Amazing, world star record! Much respect! Not everyone can cook their own meals, it takes a lot of effort, dedication and high IQ to do so. Fking retard, stfu |
Stay hungry! There's a will; there is a way. Getting 20k mth as a financial consultant, I wasn't good in school, but the real working world is different. I now earn more than most local uni graduates.
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Big achievement. |
Money
Aiming for 10k kwd per month
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