Every time when Uncle8888 read this formula shared in the cyber world by the someone. He will shake his head! It is unbelievable simplistic. Financial Independence is NOT based on a simple formula like that. You think it is like TV Ads on Visa Pay wave Uncle said it : "So simple!" Financial Independence is about choosing one of those financial models on assets and cash flow and then simulate it for sustainable retirement income for life and factoring future inflation and building up some buffer and determine what is the asset of last resort when retirement planning failed badly. In short; it based on modelling and not a simple formula with no simulation. Don't ever believe that our current dividend income is sustainable over future market cycles and economics cycle. Think for yourself! How can it be?
Uncle8888 used his Three Taps solution model. He has simulated many times till 2016 and then only he felt that it is alright to go for it!
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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