When you are single, five days never change your underwear. Nobody #$%&& care!
When you are married; you try to tell your spouse. "Honey; I five days never change my underwear; I am going to break the last record and make it 6 days! LOL!
Same as pursing financial independence when you still have dependents who have many more years of uncertainty to go. The Equation for Financial Independence is not simple. Uncle8888 has seriously thought over and over again in 2013 whenever he has some quiet moments himself and thinking it loud.
Should he do it now as there may be no tomorrow?
But the deeper thought of many more years of his dependents has firmly hold him back. See the difference? It is not as simple as what we have read in some investment blogs - Passive income exceeding household expenses is financial independence.
I May Not Have Tomorrow But May Not Be So For My Dependents
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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