Uncle8888 received surprising phone call from his old ex colleague who took the plunge and went to the Sales side of the company on basic pay and commission basis. Over the years, he did very well in Sales. He had worked hard days and nights to earn fatter and fatter commissions. One day; his only son in Secondary Two came home with his Report Card with all Red! Like most parents, we will jump and think that the child is at fault with this type of poor result. No study hard? Children should have seen and know that we, parents are working so hard to earn more money to give our children a better future. They should have been studying hard too. In Singapore's education; this Report Card is gone case! Uncle8888 believe he had lectured his son over such bad result and his son shot back at him with a wake up call. Son : All this while you have neglected me. Have you really care about me? Concern me? I hardly see you. You keep working day and night! You have no time for me! He has a Wake Up call from his son. This ex-colleague has reached 55 on that year and over the next few months; he worked out his number that he has enough money from his CPF OA, Insurance endowment and saving to retire early. He retired at 55 and spent time with his son. Every day he would drive his son to school and picked up his son from school. He fully gave up his time to son. Soon his son changed and spend more time at home studying. His son's grade also improved. His son did well and went to JC and also secured a place at NTU and now serving NS. He told Uncle8888 that his choice is clear - More Money or His Son. He made that clear decision with NO Regret! He wanted his Son and not more money! During the conversation, Uncle8888 has asked him twice. He said that he is NOT into stock market for investment income as he can't afford to lose money in the stock market. He claimed he has enough money to last his lifetime and support his son's tertiary education and not looking for more.
So Uncle8888 is quite right! Now; he has seen Real Person. Real Retiree who doesn't invest and can retire early at 55!
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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