The reasons I am quitting is because:
1. It has been been my objective all this while to quit after I achieved a net worth of $1m, excluding my primary home, and I have achieved that. I'm able to generate 5% pa or $50k pa. from my investments. 2. I am tired of the office politics, being a minion to the big bossy, big ego bosses. 3. I'm quite sickly due to the years of high stress, afraid I will just get a heart attack and die. 4. I'm a religious man at heart, I want to spend more time deepening my understanding of my religion and to be prepared when I am finally back home. I have this feeling that I will not live that long more on this earth, I will be called back home soon, I sense. 5. Life is not all about money, there is more to life, we don't actually need a lot, we just want a lot. So, I will live within my lesser means. Anyway, all these years my salary went a lot into savings and investments and I have achieved the critical amount for me to generate sufficient income from my investments. Quote:
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It is perfectly understandable then when health is at stack. No amount of money is more important than life itself. I always bear this saying in mind "People spent their lives working for money, and then spent their money getting back their lives / health".
It would be tragic and totally miss the point when one is unable to enjoy the fruits of one's labour. Balance is key. I wish you all the best! Quote:
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Thanks. Wishing you the best too!
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After a year of a rather monotonous life, I went back to work and felt extremely happy to do so. There I was making decisions, running a department and interacting with younger people. It felt good. Fast forward to July 2013 and I'm now worth $15m and my net worth is generally still rising despite the fact that I spend about $500K a year (part of this expenditure is temporary due to kids' overseas education) and not considering the $1m hit from the recent stock market downturn. My net worth rose from a combination of my high earnings, rise in property values and stocks but I don't think I would have been so aggressive in my investments if I had remained retired. So, you're absolutely right that it's probably wrong to retire early and give up the best earning years of your life as I would rather be in this position of having $15m and where I can freely spend $500K per year without thought, rather than have $5m and be a little careful (at least relative to my normal spending). Now that I'm past 50, I'm pondering if I should continue pushing to expand $15m to $50m so that I can try to buy a GCB or retire again. Difficult decision but I'm leaning to retire again since a GCB will probably be quite troublesome to maintain and the kids are finally gone, which gives me the freedom to go traveling. |
In 2009, when everyone was selling, I bought 3 GCBs. Now their value has more than doubled. My net worth is now $60 mil. I plan to sell the 3 GCBs and retire in a condo. I plan to travel the world with $30 mil to spend. I am now 55. I should be able to spend the $30 mil by the time I die, estimated to be by 90 the most.
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Before Apollo 11 landed on the moon, I had already developed the technology and sent my guys to colonize the place at a very low cost. Now the price has quintillioned. Richard Branson pays me in advance a license and landing fee of $1 trillion for every lunar space flight he is _planning_.
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So many ********er here claimed their networth worth million dollars. Infact, avg Singapore networth is just $300k-400k. Many are just desperate debtors, considering the fact that Singapore living cost are pretty expensive, and low quality of life.
What's makes you better off by having a $50m of GCB? While neighbouring countrymen also can build a beautiful bungalow at fraction of cost. What's makes you enjoy better by having $5m condos while average peoples in other country could also get it at much lower price. What's the point of having $1m asset in the bank and you're walking on foot, while those who has fraction of money in another country could have a car. I mean this is life. You don't need to collect a lot of money and you couldn't even enjoy it until you die. A house is just a house, to protect you from rain and shine, a car is also just a car to move you from point A to B. You need to enjoy the life, which by itself is a blessing. Having more zero in your banks doesn't make your life different from others. You just need all these basic things as normal and most important is happiness, joy, and health. |
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