Tuesday, 22 August 2017

Financial Independence @ 56. Retired From Full-Time Employment @ 60. The Way It Has Happened To Me


One picture tells the whole story of earned income vs. investment gains. The way it has happened to Uncle8888.


9 comments:

  1. Gen X'ers want to do it 10 years earlier...

    Millennials want to do it 20 years earlier...

    Gen Z how?!? Siao liao!! Hohoho!!

    ReplyDelete
  2. CW, you start work at age 29 meh? What are you doing during 'lost' years?

    ReplyDelete
  3. Replies
    1. Retire @60 on 2016.
      So, age 59 @2015.
      Work 30 years from 1985 ~ 2015.

      59 - 30 = 29


      Delete
    2. 21 yrs old at 1977.
      Start work at 1985.

      1985 - 1977 = 8

      8 + 21 yrs old = 29 yrs old

      Yes?

      Delete
  4. OIC. I only have IRAS income tax records from 1985 onwards. Not sure before 1985; it was below taxable income or I threw them away. Without those past IRAS income tax records; I couldn't know those years of earned income from 1977 to 1984

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    Replies
    1. lol ... I believe your earned income CGDR >4.5% then as we started with extremely low pay.

      Mine CAGR is 6% over 26 yrs.

      Delete
  5. Both of you have higher human asset growth rate

    ReplyDelete