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01-10-2020, 09:27 PM
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Quote:
Originally Posted by admin
Based on info from this article [s://.straitstimes.com/business/need-13m-to-retire-depends-how-you-live[/, you will need $1.3m to $2m to retire in Singapore.
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When they mentioned about 3k per person, I dont think the number is right. They are trying to promote something. It is pretty common for insurance agents to tell you that you need 5k pm to retire etc. What a bull crap. What makes you think that your expenses suddenly increase by 2 to 3x after retirement? If you are worried about medical cost. You can buy insurance and it wont cost more than 600 per month.
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03-11-2020, 02:02 AM
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Junior Member
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Join Date: Nov 2019
Location: London, UK
Posts: 6
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An amount of money that would allow me to spend around 30k a month.
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23-11-2020, 11:40 PM
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[email protected]
6643 6479 / 6354 4078
Block 858 Yishun Avenue 4
#05-95 Singapore 760858
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25-11-2020, 06:55 AM
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Banned
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Join Date: Sep 2020
Location: Massachusetts Boston
Posts: 16
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I think that everything depends on how you're living your life and how much money you're spending now. Usually it is very good to have kids that are going to continue your business and you would have a passive income for this. Otherwise you can find a website with businesses for sale and to sell your for a good amount of money which you will spend for the rest of your life. Personally I am afraid to lose my income, because I have periods when I need to spend a lot of money and I feel very safe if I know that I can make more after that.
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Yesterday, 03:43 AM
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Junior Member
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Join Date: Nov 2020
Location: Portland
Posts: 1
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Quote:
Originally Posted by Stewace
I think that everything depends on how you're living your life and how much money you're spending now. Usually it is very good to have kids that are going to continue your business and you would have a passive income for this. Otherwise you can find a website with businesses for sale and to sell your for a good amount of money which you will spend for the rest of your life. Personally I am afraid to lose my income, because I have periods when I need to spend a lot of money and I feel very safe if I know that I can make more after that. |
The website is perfect for finding a rich investor or a buyer that will be ready to pay more!
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