Statistically; Uncle8888 is counted as low income worker in Singapore who is supported by workfare allowance. Workfare for 2018 is $2,400 $2,400 per year or $200 per month is enough for him to offset the following personal expenses : 1. $60 monthly unlimited public transport travel in Singapore and up to JB City Square mall. 2. $30 monthly 6 GB mobile data plan 3. Up to $3.60 daily breakfast
Last updated : 15 Sep 2018
I am 62 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. Eldest son and daughter are now working and youngest son still in his 3nd 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.
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