Early Retirement

How come everyone earning so much

Originally Posted by Unregistered

How come everyone earning so much

In rupiah mah

38yo. Monthly passive income 1750. Monthly expenses 1100. Will like to switch from current high stress job to a less demanding job that pays 2 to 2.5K will do. Is this advisable?

[Jared_81]

retirement is easier if you don't have kids, everything in Singapore so expensive - food, clothing, tuition

for example tuition, 1 hour already charge $60-100. tip for those who want to save money, found a centre offering affordable classes at only $30 for 2 hours here

So many Haolian posting here ..... ppl who are rich and free won't spend time browsing here lah

The rich and retired might be bored and want to provide some friendly feedback.

[EducareTutoring]

Everyone is running his/her own race. I think what is important is that we are constantly progressing in terms of our savings and investments. Comparison will always be the thief of joy.

Originally Posted by EducareTutoring

Everyone is running his/her own race. I think what is important is that we are constantly progressing in terms of our savings and investments. Comparison will always be the thief of joy.

Not always. Sometimes, comparison brings forth happiness.

It's been 2.5 years. Update on my current income streams:
salary $24k
rental 1 $3.8k
rental 2 $3.5k
side hustles $8k
dividends $2k
interests $1k
Total: $42.3k

Net worth is about $4.5m.

Still constantly worried about losing my day job. Don't dare to buy a conti car even though it's been my dream to be able to show off and keep up with my close friends who are doing well.

Originally Posted by Unregistered

My current income streams:
salary $23k
rental 1 $2.5k
rental 2 $2.2k
side hustle 1 $6k
side hustle 2 $1k
dividends $1.3k
Total: $36k

If I retire I will lose my salary of $23k, leaving $13k.

However, these are my expenses:
parents 4.5k
helper 0.7k
ppty tax 0.4k
credit cards 6k
bills 0.5k
loan 1 6k
loan 2 3k
income tax 3k
Total: $24k

If I exclude income tax, it is still $21k. Granted that both loans are technically paying off properties which are assets, they are still depleting my cash.

Am I able to retire?

Hubby and I in our early 50s, combined networth about S$5mil, looking forward to early retirement soon.

Either in a HDB in Sg or in our JB semiD.

If in JB, will have about S$ 9k /mth passive income

In HDB, will have about S$7k/mth passive income.