Read? A Gift to Colleagues and Friends!
Read? Your Investment Portfolio is your Accelerator on the Road to Financial Independence! (3)
Uncle8888 started working in Aug 1977 @ 21 yrs old and became CPF member. Two more years in Aug 2017, he will celebrate his 40th years anniversary as CPF Member!
What has he achieved after 40 years as CPF Member?
Will his next milestone on the Road to Financial Independence is to become an old CPF member Millionaire with his CPF accounts in 2016 or 2017?
Is this something to celebrate on his 40th Year Anniversary as an old CPF Member?
I choose minimum sum
ReplyDeleteFor pretty obvious reason. Read? 10th Year Anniversary???
ReplyDeletetemperament,
ReplyDeleteI'll ask you 3 questions:
1) Where did your CPF funds come from?
2) How much time and brain cells did you use up to decide to opt out or delay as long as possible?
3) Did you not have to EARN the capital first, and then SECURE you've made the right investment decision for this CPF passive income?
If your wife never works a single day, and her CPF were gifted by you to her, and the decision whether to opt out or delay as possible was made by you on her behalf, yes, I'll concede it's passive income from your wife's perspective ;)
I never said there's no such thing as passive income.
I did say if you inherited that position it's passive.
And the only other way we can get a passive income without us lifting a single finger that I can think of, is someone gifting that position to us ;)
So there!