The RETIREMENT thread

LeMans2011 said:
Leongsam speaks like one of the PAP MPs justifying why we need more money in cpf. Have 2 good properties, one for staying one for earning. Use the passive income from the 2nd property to finance your living plus earn more income. Dont be fooled by this PAP burger trying to make life seems extremely tough.
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All I'm doing is encouraging people to aim a bit higher. Why stop at two properties? Why not 2 properties plus a business to sell when the time is right?
 
x properties / a business to sell doesn't matter if it still doesn't cover your needs.

The most important part of all the equation is to work out what is enough bec if you don't all you have is a moving target.

I found it useful to segregate needs vs wants. to retire earlier, just be more ruthless here.

By not keeping up with Joneses, the target is more achievable.

Agree with the boss, retirement is well within reach of most, it just requires planning, discipline and fortitude.
 
happyjoe said:
x properties / a business to sell doesn't matter if it still doesn't cover your needs.

The most important part of all the equation is to work out what is enough bec if you don't all you have is a moving target.

I found it useful to segregate needs vs wants. to retire earlier, just be more ruthless here.

By not keeping up with Joneses, the target is more achievable.

Agree with the boss, retirement is well within reach of most, it just requires planning, discipline and fortitude.
Click to expand...

Hi Joe, Agree.

I can retire by spending only ten dollars a day.:o
 
Hi, I am starting a swimming club. Does anybody want to join? It's great exercise without sweating.
 
I have no desire to retire regardless how rich or poor I end up being.

Whether I own 3 cruise ships or just 3 sampans, I will work forever.
 
Important to find hobby after retirement. surfing SBF is not a good hobby although I log in occasionally.

Next on the pipe line, set up my new zen moss/fern garden, set up a 3 feet tropical fish aquarium. practise TIG welding, built my first own wooden furniture. :)
 
Almost forget about this, set up solar cell lamps. free electricity to power the lamps at night. hehehe.
 
chonburifc said:
Important to find hobby after retirement. surfing SBF is not a good hobby although I log in occasionally.

Next on the pipe line, set up my new zen moss/fern garden, set up a 3 feet tropical fish aquarium. practise TIG welding, built my first own wooden furniture. :)
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Are you joking ? Do you know how long I take to clear off the green moss from the pond surface and bank ?:eek::confused:
 
Equalisation said:
Are you joking ? Do you know how long I take to clear off the green moss from the pond surface and bank ?:eek::confused:
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Are you refering to the algae or moss? Moss is ok, even a little bit of algae is ok. Get a few plecos to take care of the algaes.

Marilyn said:
Try cultivating rare ferns like platyceriums...they are challenging and delightful :)
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This one look interesting. Will take a look on my next visit to the weekend plant market.
 
what can I do with extra SGD 50k cash nowadays? Any suggestion ??
 
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