You seem to worry about being bored during retirement.
For me, I look forward to early retirement because I want to do things I can't do full time now. I want to do charity work and study my religion deeper. This requires dedication and I am very enthusiastic about this. Quote:
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190k per annum
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I noticed a shift in your envisaged focus in retirement. (You now left out traveling to exotic places). It's a small matter in the greater scheme of things.
I don't know what your religion is, but for a group of us, work has not deterred nor hindered us in our desire and commitment to understand the deeper meanings of our faith. We attend classes and engaged in faith discussions once a week in the evenings after work. Charity work can be done at many levels. Monetary contributions, volunteering and full time (paid) work in charitable organizations. Everyone of us can do our part. But remember you can only do so much if you have limited funds. If you work as a paid staff in a charitable organization, be prepared for it to be like other jobs when the novelty wears off. I am 55, and although I have "seen" more things, I am in no position to advise anybody about their lives. At the final analysis, it is your life. No two paths are the same. But that much I know. Things shining in the distance look alluring, but they can out to be broken pieces of glass. Or to put it more crudely: It looks nice from far, but it is actually far from nice! Quote:
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You have your priorities and I have mine. Anyway, thanks for your comments. Good night.
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Actually, you don't have to downgrade. You can continue condo living and focus on paying off your mortgage, pay it off before you reach 55. Then you can rent it out. By then, you should be able to get a net rent of $5k pm or $60k pa. With this passive income, you can retire easily in Malaysia. Go to the "international living" website for more info.
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It is good that you have the objective to retire early to focus on things you value more. Life is not only about earning an income (earning an income is important but not everything), life is about understanding life itself. Ask yourself the meaning of life, why are you created, where will you go after you die.
Explore this site to get the answers: w w w. h a l a l t u b e. c o m Quote:
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We're a couple in our mid-30s with 2 very young kids. We drive a Jap car. Condo fully paid-up: $4.5M. Our combine income = $160k/yr (include all bonuses etc.) $300K cash.
Most assets, be it cash/properties, was handed down to my wife by her late parents. Passive income: 1. 2nd condo ($1.6M ~ loan fully serviced by rent of $4K/mth) = $0 income 2. shophouse ($2M+) = $9K/mth 3. $700K shares = $1-2K/mth (estimate, never count returns as shares were inherited) |
My wife and I are in our mid 40s. We're low middle income earners, earning $140k pa combined. We live in a 4 room HDB flat, fully paid and drive an old 2nd hand car. We go for holidays to neighboring countries once a year.
Now our savings (cash & CPF) is $300k. We hope to retire at 65. |
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