Living in Singapore and Financial Independence

Wednesday, 18 August 2021

Early Retirement in One Lesson

I like this video by Mr Money Mustache.

By H at 8/18/2021 10:32:00 pm

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About

Hi. This is the year 2021 and we are a married couple in our late 30s. We have 3 kids, all in childcare currently. Home is a 5 room resale HDB in Singapore.

The husband (H) is the main breadwinner and works in IT.
The wife (J) is a mainly stay-at-home-mother.

We started this blog to record our journey as a family, and hopefully towards financial independence.

First blog post!

The turning point.

Financial Independence Goal

We do not really keep track of our family expenses, although we should.

Assuming an annual family expense of $X (with a 4% withdrawal rate), the current goal is $25X. If $25X is achieved, that simply means the husband can quit his job anytime (but doesn't mean he will). This 25X does not includes CPF, as CPF is considered a buffer.

We hope to achieve this by 2030.

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May 2022 (2)
August 2021 (2)
July 2021 (10)
June 2021 (15)

Blogs I read

Early Retirement SG
Investment Moats
Mr Money Mustache
My 15 Hour Work Week
Singapore Investment Bloggers
Turtle Investor

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Wednesday, 18 August 2021

Early Retirement in One Lesson

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