I am an average sinkie. I don't own a car. HDB fully paid. I don't have credit cards. I have cash and I am happy. Cos I am debt free.

[ramlee]

Average Singaporean have cars and credit cards. They also employ maids.

And dine at DTF

 

[ramlee]

Well I can't decide for them how they want to enjoy their life. Whether now or to delay the enjoyment is personal choices but life should be about living to the fullest, to do the things you enjoy doing. The buy the things you like. To go to where you want to go. To eat what you want to eat. All these translate to one thing - to live the way you want WITHOUT RESTRICTION. If you are retired but with lots of restrictions I'm afraid to say you have not made it but yet 'calling it quits'? Lol. If you retired and can take a holiday every month and drives a bmw around then I say good job! If you are retired but have spending limits then good for you but sorry I don't think that's what everyone should aspire to be at.

Live like this need to have $10k a month?

 

[Captain Muthu]

For me, dream is to attain financial freedom, but not retire. Do happy work instead

 

[benedium]

When young, we more impulsive and have more desires so sure spend more. When older, we been there done that, naturally more zen and calm, or just jaded, so sure spend less.

 

[Forever84]

Well I can't decide for them how they want to enjoy their life. Whether now or to delay the enjoyment is personal choices but life should be about living to the fullest, to do the things you enjoy doing. The buy the things you like. To go to where you want to go. To eat what you want to eat. All these translate to one thing - to live the way you want WITHOUT RESTRICTION. If you are retired but with lots of restrictions I'm afraid to say you have not made it but yet 'calling it quits'? Lol. If you retired and can take a holiday every month and drives a bmw around then I say good job! If you are retired but have spending limits then good for you but sorry I don't think that's what everyone should aspire to be at.

Retirement for edmw is 2 piece of loti in morning, followed by cai png lunch n dinner

Mid day just hang out at void deck or library foc

To them they enjoyed life to fullest

 

[thretiredDad]

For me, dream is to attain financial freedom, but not retire. Do happy work instead

Happy work?
yes, you were happy but will it give you satisfaction

 

[Sammychan]

Live like this need to have $10k a month?

Why do you need 10k a month? I don't think you are eating $100 meal every day? I dony think you need to pump petrol every other day? If you need to gamble $10k also not enough. $100k also not enough.

 

[thretiredDad]

Retirement for edmw is 2 piece of loti in morning, followed by cai png lunch n dinner

Mid day just hang out at void deck or library foc

To them they enjoyed life to fullest

And a free tpg unlimited 4g SIM cards

 

[Shion]

debt free is good

 

[thretiredDad]

Why do you need 10k a month? I don't think you are eating $100 meal every day? I dony think you need to pump petrol every other day? If you need to gamble $10k also not enough. $100k also not enough.

I think $2500 each month is good
excluding all the family expenses

 

[thretiredDad]

debt free is good

You come into this world with debt
to your parent

 

[iceblendedchoc]

Is he EDMW role model?

Maybe his model , certainly not mine. Money earn but not spent is not yours.

 

[thyler_koh]

As what one of the guys say, if there is an emergency, he will cham liao. Unless he got an emergency fund which TS did not mention

 

[Muggie]

I know a bbfa in his mid 30
Accumulated a $300,000 portfolio
with annual dividend of 3.5%
control his spending to $500 each month
And proudly declared he has retired

But he can only PCC himself to sleep at night…

 

[harbinger255]

Why this TS so chek ark wanna go stir other ppl?

 

[Muggie]

He has retired
No job
stay with parent home and play game everyday

Is that even a life??

 

[thretiredDad]

Maybe his model , certainly not mine. Money earn but not spent is not yours.

Money not working hard
is not money

 

[Sammychan]

I think $2500 each month is good
excluding all the family expenses

If big ticket items like car fully paid. Then don't need alot. Good if you have some little investments that can provide you with recurring income. No matter how small is better than nothing. Money out no money in cannot. Some have 2 properties. Some drive taksi few hours a day to pass time. Some do trading. You gotta find your own way.

 

[Muggie]

That’s w

Everyday order cheekon

That’s wrong priority

 

[Muggie]

Retirement for edmw is 2 piece of loti in morning, followed by cai png lunch n dinner

Mid day just hang out at void deck or library foc

To them they enjoyed life to fullest

Mid day is try to tackle maids in the neighbourhood and getting lucky