Talk is easy but in real life facing real discretionary expenditure is not that simple and easy!
Since Uncle8888 is a retiree soon with no earned income; Auntie8888 was thinking not to renew her annual subscription at $1.2K with Amore Fitness at Kovan in Nov 16 to help to reduce household living expenses.
Uncle8888 laughed it off and told her to go ahead and renew.
Nothing will change this fast!
It is quite clear even Auntie8888 is quietly getting worry over future cash flow without an earned income and not easy to trust cash flow from financial assets to be sustainable for the rest of the lifetime.
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd 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.
Last updated: 3 Sep 2017
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