A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 week ago
Median household income close to $120K per year.
ReplyDeleteIf save 60% and max into CPF and bei kambing endowment plans at average 3% per year ... can be millionaire household in 12 years.
Who needs investing?? LOL!!
This requires good paying jobs & thrifty habit ... especially in early working life & during early years of children ... which not many can achieve (the thrifty part).
Hi Uncle CW,
ReplyDeleteYou left out another class of millionaires.
Those with rich dad.
Hopefully this class of millionaires are sustainable in their lifetime.
ReplyDelete