Uncle8888's Three Taps solution model to build sustainable retirement income for life in his financial independence phase is quite different from commonly adopted definition of financial independence when their investment income exceeding annual household expenses. Investment portfolio is their key component of cash flow; but not for him. His key component for cash flow lies with the strength of his Tap 1. Different stroke for different folks! With his Tap 1 future cash flow capacity already covering 100% of total future household expenses till 2038; so he doesn't have that sense of urgency now to increase the cash flow capacity of his Tap 3 (Investment Portfolio). He can afford to wait patiently!
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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