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01-04-2017, 12:13 PM
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Lets get back to topic instead.
Age: 39
Interest: 7k
Dividend: 25k
Rent: 30k gross, nett ~20k
Above numbers annual & exclude CPF.
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01-04-2017, 03:16 PM
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Quote:
Originally Posted by Unregistered
Lets get back to topic instead.
Age: 39
Interest: 7k
Dividend: 25k
Rent: 30k gross, nett ~20k
Above numbers annual & exclude CPF.
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Age: 49
Dividend: 161k (based on 2016 total)
Rent: 25k net
Above numbers exclude CPF.
Tempted to retire because will be turning 50 by the end of this year but then had a young child (I married late). So bo bian, have to continue to slog.
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01-04-2017, 04:13 PM
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Quote:
Originally Posted by Unregistered
Age: 49
Dividend: 161k (based on 2016 total)
Rent: 25k net
Above numbers exclude CPF.
Tempted to retire because will be turning 50 by the end of this year but then had a young child (I married late). So bo bian, have to continue to slog.
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At this rate should be able to retire at 65 with at least 300k passive which is enough for most people.
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01-04-2017, 05:53 PM
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Quote:
Originally Posted by Unregistered
Lets get back to topic instead.
Age: 39
Interest: 7k
Dividend: 25k
Rent: 30k gross, nett ~20k
Above numbers annual & exclude CPF.
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Age 45
Interest 2k
Dividend 18k singapore stock
Dividend 10k US stock
No rental yet
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01-04-2017, 06:14 PM
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Quote:
Originally Posted by Unregistered
At this rate should be able to retire at 65 with at least 300k passive which is enough for most people.
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300k passive is too much, personally i will trade 200k for retirement by 50. Important to enjoy life than waste time working till old age.
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01-04-2017, 11:10 PM
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Quote:
Originally Posted by Unregistered
300k passive is too much, personally i will trade 200k for retirement by 50. Important to enjoy life than waste time working till old age.
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I agree. My net worth is slightly above $8m but my investment skill sucks - I am holding too much cash waiting for the stock market to correct but the market actually went up! Need to learn from the other forumer who is able to generate a steady 5% return on average year in year out. When I can achieve that, I will call it quits as $320k a year would suffice for us even if we add another member in the future to our family of 3.
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02-04-2017, 04:43 AM
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Quote:
Originally Posted by Unregistered
Not really. Easy or not is objectively measured, not some subjective depends on individual opinion. I once took a spreadsheet and estimated a typical Singaporean PME's lifetime income using Singstat data and simulated various savings and expense level.
Mathematically speaking, it is within easy reach for anyone who has a proper Tertiary education and average PME income to accumulate enough for retirement as long as they are disciplined and save 25% of their income every year.
Defeatist logic like it's easier said then done and not easy because I fail and those who succeed are only minority because it's easier for them is a self-destructive mentality. It is a psychological reflex mechanism to increase ego and self-esteem and soothes the pain of losing out in life.
Just like the typical IPPT failure, they themselves know they didn't pass because of lack of exercise, not because physically impossible. But the usual excuses are always too busy with work, incentive too little, forgot training plan etc.
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What an analogy relating to IPPT. Great example!
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03-04-2017, 08:22 AM
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Just collected $30k for last year bonus.
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03-04-2017, 08:45 AM
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Age 50 & 48
Annual stock dividend $30k
Rental income $48k
Looking forward to retire in 55
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