I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Sunday 29 May 2011

Reaching 55 soon. Another pay cut!



"Life isn't fair. You play with the hands you are dealt with."

Pay Cut when you become another older asset that is losing productive value.

  1. Reaching 50: Cut 4% off Employer contribution rate
  2. Reaching 55: Cut 3% off Employer contribution rate

Soon, I will be taking the second CPF cut from the Employer contribution rate and effectively the total pay cut is 7%. Fortunately, I don't have any oustanding housing loans; otherwise, I will feel the pinch.





3 comments:

  1. Instead of increasing the pay for employees , they are cutting the pay,Any particular reason ?

    ReplyDelete
  2. Lesser contribution by the employee, more money to grow and invest!

    ReplyDelete
  3. $ in CPF can also use to invest ma!
    I think for ordinary citizens the older you get the more they think you are over the hill. For the Elites/CEOs it is the older they get the more valuable they become. Same Singaporeans, different classes.
    Ordinary folks seem to have very little value when they are over 55. Most probably "they" think we have left very little grey matter and muscle except "themselves".
    This is a good example where life is never fair applied. If you want life to be fair, be your own "boss"

    ReplyDelete

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