Retiring before 40?

[alocacoc]

Stage 1


Mmm, even though portfolio generate 3000 surplus cash flow per month, because with leverage therefore back to stage 1?

 

[OngHuatHuat]

Dunno how other people categorize, but I am at stage 1 currently since I always in debt.

Stage 1



Mmm, even though portfolio generate 3000 surplus cash flow per month, because with leverage therefore back to stage 1?

 

[Sinkie]

Financially independent means can earn money on his own?

I would also think so he means he no longer takes any money from his parent

I become financial independent when I was 16? Lol

 

[Sinkie]

I like this explanation the best. Currently past stage 4 and working towards stage 5

At stage 1 now

 

[havetheveryfun]

I like this explanation the best. Currently past stage 4 and working towards stage 5

i think is not totally accurate cos you can be in stage 1-3 then go back to stage 0... e.g. fresh grads who just started work in stage 1-3.. then commit to buy house and have kids then go back to stage 0-1 again ..

 

[Purplestars]

i think is not totally accurate cos you can be in stage 1-3 then go back to stage 0... e.g. fresh grads who just started work in stage 1-3.. then commit to buy house and have kids then go back to stage 0-1 again ..

If you go back to zero then you are just living beyond your means.

If you buy a house you don't go into debt BTW. The house value goes into your net worth as an asset, but the house loan you take out goes into your net worth as a liability too. It should more or less balance out.

If you have kids and you can't afford it then it is you who have made a bad financial decision. This is no different from a fresh grad who go out and buy a nice new Audi that they can't afford.

 

[gixera]

Dividend stocks like reit is good strategy to build moat

 

[Toni90]

I like this explanation the best. Currently past stage 4 and working towards stage 5

This one too much about cash flow. Not really good for investment.

 

[ExtremeWays]

Dividend stocks like reit is good strategy to build moat

If it is cheap

 

[redmilo]

Before 40 can apply for citizen of other country and withdraw CPF ?

 

[reddevil0728]

Before 40 can apply for citizen of other country and withdraw CPF ?

Depends on whether the other country wants you as their citizen?

withdrawal of CPF contingent on whether you manage to renounce your citizenship

 

[BBCWatcher]

Before 40 can apply for citizen of other country and withdraw CPF ?

Under new rules that come into full effect on April 1, 2024, you must retain Singaporean citizenship or Singapore Permanent Residence to maintain CPF balances. At any/every age when you cease being a SC or SPR the CPF Board will pay you your full balances and close your accounts.

 

[qhong61]

Before 40 can apply for citizen of other country and withdraw CPF ?

Why u dig old thread