Feel like eating again! Just go to JB even though he knows very well that during weekends; it will be very crowded. Lots of time will be wasted in queuing and waiting. Ya! Enjoying the present since we have plenty of time to waste nowadays.
Even ta bao fishcakes from another shop; but eat them at the fish soup resturant. :-)
Uncle8888 knows too well that he can't replace his earned income with passive income. No way! But, it is still possible for him to adequately cover his expected household expenses and also to overcome future inflationary impact till 2038 (81 yrs old).
Based on Historical Annual Household Expenses of 5 Members since 2002 ...
The funding for sustainable retirement income for life ....
Getting to the desirable state with three taps solution ...
Uncle8888 still have one year to get it done. No hurry as 5.8% yield is not that difficult to achieve.
Tap 1 : Interests
Tap 2 (Safety) : Interests Tap 3: Dividend Income from Investment Portfolio of stocks from SGX. War Chest @ 54%
Following TGIF lunch break, Uncle8888 met his ex-colleague who went for "early" retirement in his late 40s due to poor health condition.
He is taking a break to see whether his irregular heartbeat is due to work-related stress or not. He then realized that not working is boring but working is stressful!
With his heart problem, he said he can't really do much with his lots of spare time.
To do or Not to do also die!
He repeated a few times during lunch. Health is Wealth!
BTW, he sold his investment property and 5 Rm HDB flat in Bishan and bought one condo for residential before deciding for an "early" retirement or taking a break.
Many financial and investment bloggers are talking about early retirement in their late 30s and 40s; but, not sure how many of them are truly prepared to take out the boredom of their unscheduled time?
At yesterday lunch, this young FT who turned Citizen came to join me. We conversed in Chinese about career and investing. This is Uncle8888 first time talking about investing in native Chinese language. Ha Ha!
He realized the nice thing with Chinese words. It sounds alike and true too!
In our 40s, we should better be wise enough to know where are we heading in our career development and which path to take before we realize it too late to make adjustment for significant future outcome ...
THE National Environment Agency (NEA) on Monday signed a
waste-to-energy services agreement with a consortium comprising Hyflux
and Mitsubishi Heavy Industries (MHI).
The consortium, through
its project company, TuasOne Pte Ltd, will build Singapore's sixth
waste-to-energy (WTE) plant and will provide waste-to-energy services to
NEA over a 25-year period from 2019 to 2044.
Hyflux owns a 75 per cent stake in TuasOne while MHI owns the remaining 25 per cent.
plant will be Singapore's largest. It will have a capacity to
incinerate 3,600 tonnes of waste and generate 120MW of electricity per
day. It will also be the most land-efficient, sitting on 4.8 hectares of
Construction work is expected to start in early 2016 and end in
When u officially FIRe, will u change anything to your portfolio or was it already changed some years back? Please let me know
Mr Kiasu and
Kiasu Approach: Three Taps Solution for Sustainable Retirement Income
For Life and not too dependent on crazy Mr. Market for emotional rides.
When we are not too dependent on it; we are likely to be less
Most likely Uncle8888 will take this approach and move towards this target to offset inflationary impact over future years.
Bo pian! As Ant, we will have plan and goal to guide our future actions!
When we reach 60's, we usually
will have nothing much to say because the time has arrived and only be
thinking what if we could have dream differently at 30's, or 40's and
pursue our dream and will our life story at the 60's be different.
If you are at your 30's and 40's and there is still time to fulfill your dreams and don't drop them yet.
My dream at 40's after tired of watching the Rat Race is to "Get Out of The Rat Race!". I will tell you again at the 60's.
Today, 24 Oct 2015, after 6 years and counting down to 60 @ Sep 2016. Here is an update to the blog post on Saturday, 17 October 2009
Uncle8888 has already informed his bosses and his Team (He is the Team Lead and Operations Manager) about his planned retirement @ 60 upon reaching the status of Senior Citizen and after receiving 40 Years Long Service Award i.e. spending 67% of his life before 60 as an employee earning taxable income.
FIRE is not without sacrifices or letting go the wealth accumulation from our human asset. After FIRE, we will be in the Land of Decumulation of Wealth in Human Asset and depending on our Financial Assets to maintain sustainable Retirement Income For Life. We cannot afford to make any major financial blunders as it is very hard to turn back.
Uncle8888 tracks everything so knows what have been let go after FIRE @ 60 and into the Land Of Decumulation!
(Current official retirement age is 62 and re-employment till 65.)
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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