Achieveable and more sustainable IF: 1) Geo-arbitrage by staying overseas in low cost SEA countries 2) Rent out the place 3) Reinvest 50% of remaining rental income to World Index etf or dividend growth stocks 4) rent out a room if continuing to stay in SG and combine with step 3.
Great break down and analysis. If the person is open to geo arbitrage. He would have definitely be able to get some rental income while staying in other countries with cheaper rents. This can help ensure that he has an income to tide him through. As I think $400k might be a struggle if he keeps on drawing down without taking inflation into calculation.
Most middle-income families won’t have much savings as mentioned in the video by their 40s, instead they might have a combined amount typically around $200k in CPF is possible. If the CPF retirement amount needs to be high now, it will continue to increase in the future. Money will never feel like it’s enough, both now and in the future. So, people have to decide between their needs and wants. As you age, your primary concerns become health, shelter, and utility bills. These three areas are the main focus for most retirees, reducing worries about other needs. You won’t be consuming things you can’t digest, and you likely won’t travel unless necessary. Owning vehicles and properties will not be a priority anymore. Why do you think many people choose to downgrade from private or EC properties when they reach their 70s? The question is, when they want to downgrade, what will the public housing prices be like? Many citizens born in the mid-70s (Gen X, young seniors) will be retiring soon, as they will turn 50 next year. This means the country will have a large, educated senior population urgently needing to downgrade to public housing. How many 2-room or 3-room units will be built? Or at least if the existing units will be affordable? This is a major concern. How much more CPF savings are needed to retire comfortably? It could go as high as the moon. Therefore, there needs to be a consensus on a more realistic CPF retirement amount, a grounded figure that can truly help the next generation readying to retirement. If not forever working.
Retire at 40. Cannot one. Sure get bored. We are designed to hunt. In modern days to earn money. Within 1 year, purposelessness will set in. Followed by withdrawal from people then depression. Its not only financial, but social and mental. Working gives people something to think about, some problems to solve, people to interact with. It exercises the brain.
can you advise how to cope with increasing hospital insurance premium, especially for retirees. Prushield premium increase 35%. Pruextra premium increase 55%. Hospital insurance premium out of pocket amount accounts for 70% of SSB total interest earned.
Retiring at 40 would be like having vacation time for the rest of your life. Since he is single, he would want to spend time on hobbies, interest, travel. All these are not cheap and if his friends are not retired, he will be doing all these mostly by himself. There would likely be too much free time. In my opinion, he might achieve financial independence and free to change to a job that aligns with his interest or aspirations, the salary may be much lower, but at least there is cashflow to fund other activities. The time spent would also be more meaningful and fullfilling.
He is assuming everything is constant like his current situation; Health, inflation, things breakdown at home, accidents, new year Ang Pao. Unrealistic expectations of life events.
Hi, can advise on the part when u said he.s covered for the Inflation at age 65(4kplus expenses) jus by drawing the 2k/mth from his cpf from age 55-65? How is that enough, assuming that all his previous 400k cash has almost all been used up(2k/month) by age 55? Thanks!
I am single, staying with my parents, and semi-retired since 28 with $450k (most of the gain was from Tesla and some Btc). I sold all my Tesla shares and moved to ETFs. Now, my portfolio is growing at an average of 20% per annum. I am currently working as a property agent but only work occasionally, targeting only one to two property trades a year. I only spend the dividends because I value my freedom 😆
$400k unless what he do . He buy a condo, take a loan . The rent out the condo.. with the rental income of the condo unit.. pay off the instalment and keep the balance if any.. for his passive income??
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400k enough for other countries in Southeast Asia. He can rent out his hdb and live overseas since he is retired for additional income
Yes. This way seem gd.
Just go Johor and not miss Singapore 😊
Actually if his house paid off in Singapore, 400k more than enuf if single
Always a very assertive analysis. Thank you for your insights. They are gold.
Achieveable and more sustainable IF:
1) Geo-arbitrage by staying overseas in low cost SEA countries
2) Rent out the place
3) Reinvest 50% of remaining rental income to World Index etf or dividend growth stocks
4) rent out a room if continuing to stay in SG and combine with step 3.
The amount he has is already quite a lot compared to most Singaporeans. Definitely enough for life, just be flexible in spending will suffice. 😀
It is possible. You do not need all the stats and data. It all depends on how frugal he is.
Great break down and analysis. If the person is open to geo arbitrage. He would have definitely be able to get some rental income while staying in other countries with cheaper rents. This can help ensure that he has an income to tide him through. As I think $400k might be a struggle if he keeps on drawing down without taking inflation into calculation.
Most middle-income families won’t have much savings as mentioned in the video by their 40s, instead they might have a combined amount typically around $200k in CPF is possible. If the CPF retirement amount needs to be high now, it will continue to increase in the future. Money will never feel like it’s enough, both now and in the future. So, people have to decide between their needs and wants. As you age, your primary concerns become health, shelter, and utility bills. These three areas are the main focus for most retirees, reducing worries about other needs. You won’t be consuming things you can’t digest, and you likely won’t travel unless necessary. Owning vehicles and properties will not be a priority anymore. Why do you think many people choose to downgrade from private or EC properties when they reach their 70s? The question is, when they want to downgrade, what will the public housing prices be like? Many citizens born in the mid-70s (Gen X, young seniors) will be retiring soon, as they will turn 50 next year. This means the country will have a large, educated senior population urgently needing to downgrade to public housing. How many 2-room or 3-room units will be built? Or at least if the existing units will be affordable? This is a major concern. How much more CPF savings are needed to retire comfortably? It could go as high as the moon. Therefore, there needs to be a consensus on a more realistic CPF retirement amount, a grounded figure that can truly help the next generation readying to retirement. If not forever working.
Why not. If I have no debts.
I think the new ERS was not factored in at aout 4 min mark, the old ERS is shown?
House fully paid
Frs
400k savings
260k oa.
How many can achieve that at 40 in sg
Sure can retire. Such safety net is not many can reach.
400k is enough for JB simple life start RUclips food channel + the few odd day trips to Sg to catchup w friends
Retire at 40. Cannot one. Sure get bored. We are designed to hunt. In modern days to earn money. Within 1 year, purposelessness will set in. Followed by withdrawal from people then depression. Its not only financial, but social and mental. Working gives people something to think about, some problems to solve, people to interact with. It exercises the brain.
With these parameters, suggest renting out the SG house and stay in Bangkok
Travelling is getting costlier, 5-8k isn't going to be enough
can you advise how to cope with increasing hospital insurance premium, especially for retirees. Prushield premium increase 35%. Pruextra premium increase 55%. Hospital insurance premium out of pocket amount accounts for 70% of SSB total interest earned.
If died by 60yr, think it is time to enjoy life asap
Inflation is a killer....that's why I dca Btc monthly as my CPF
Retiring at 40 would be like having vacation time for the rest of your life. Since he is single, he would want to spend time on hobbies, interest, travel. All these are not cheap and if his friends are not retired, he will be doing all these mostly by himself. There would likely be too much free time.
In my opinion, he might achieve financial independence and free to change to a job that aligns with his interest or aspirations, the salary may be much lower, but at least there is cashflow to fund other activities. The time spent would also be more meaningful and fullfilling.
He is assuming everything is constant like his current situation; Health, inflation, things breakdown at home, accidents, new year Ang Pao. Unrealistic expectations of life events.
Hi, can advise on the part when u said he.s covered for the Inflation at age 65(4kplus expenses) jus by drawing the 2k/mth from his cpf from age 55-65? How is that enough, assuming that all his previous 400k cash has almost all been used up(2k/month) by age 55? Thanks!
is there fees to be paid to endowus if dca using cpf oa?
I am single, staying with my parents, and semi-retired since 28 with $450k (most of the gain was from Tesla and some Btc). I sold all my Tesla shares and moved to ETFs. Now, my portfolio is growing at an average of 20% per annum. I am currently working as a property agent but only work occasionally, targeting only one to two property trades a year. I only spend the dividends because I value my freedom 😆
Ready to be mingle?🤔😏
$400K to retire at 40yrs old? He really plan to die with zero 🤣
400k enough to send one kid for overseas medical studies? 😂
Which backpackers spend 5k ?? 😂
preposterous.. nice chim word.
5% inflation more realistic ... LOL
just imagine working less than 20 years in your whole life. LOL
Now imagine working more than half your life
$400k unless what he do . He buy a condo, take a loan . The rent out the condo.. with the rental income of the condo unit.. pay off the instalment and keep the balance if any.. for his passive income??
Hi sir can you give me 5 best meme coin and 5 alt coin name
$EGLD check it out
Work until die lor
Maybe he got 5 BTC 🤭
@@gasohwjchen if he got 5 balls of btc. He Huat le. A whooping additional 600k of savings…