Hmm ... Uncle8888 has been a single household income since 1995. His net worth and investment income at 1995 was no where near any definition of financial independence. It was based on biting the bullet; taking greater financial risk; tightening of financial belt and trading off some high discretionary expenses to provide a better family care to his three children. BTW, our children don't wait for us to become financial independence so that we can have more time to spend with them.
Uncle8888 believe many single household income family may base their decision on making sacrifice; taking greater risk and hoping that ill luck doesn't fall on them!
Last updated : 14 Sep 2019
I am 63 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 20 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 2038.
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