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Listen "$40k Income, Single And Aiming For Retirement At Age50 With $1M | Financial Freedom In Singapore"
Episode Synopsis
Guy age30 aiming to be a millionaire by age50.Current annual income is around $40k.Housing? Staying with parents currently but may want to buy property at age35 or if married then.Savings rate? Investing at least 50% which is at least $1,300/m. Is tracking personal growth closely. Has emergency cash saved up.Insurance? Health, accident and life insurance more than $150/m – Thinking of changing to term plan so as to invest more.Dream? Get a 5% dividend payment from $1m pot. If achieved can retire at age50. Prefers investing over topping up to CPF which is illquid#financialfreedom #retirement #retireat50Support the show
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