In Apr 2004, after hearing the bad news from his doctor, he spent the next few months counting so hard on how much is enough for his family to survive through the next 15 years without too much financial hardship on them.
How much is enough for the next 15 years till kids are independent on their own?
Where are the sources of funding?
With several insurance policies, CPF saving, investment portfolio and a fully paid 4 room HDB flat; the counting of money showed that it was not that bad. His family should be able to "tong" through the next 15 years without too much financial hardship.
In the last few years, he also began to seriously start counting his money but at a more leisure and relax pace. This time, it is not about his family having to survive through financial hardship for the next XX years; it is about how much is enough for his spouse and himself to live comfortably and fulfilling their Bucket List.
This time, he really feels so good and see different life experience in counting money.
Until we can see the face of death more clearly, why so keen in counting money? But, it is better to start counting early as tomorrow may never come!
This is an answer to one Auntie's question on why he is so keen on tracking, updating and counting his money in his Balance Sheet!
Last updated : 14 Sep 2020
I am 64 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 21 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 2041 @ 85 yrs old.
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