Sunday, 11 November 2018

Just Spend Below Our Means During Our Wealth Accumulation Phase We Should Be Financially Secured


Since Jan 2002; Uncle8888 has been downloading his bank monthly statement and tracked them diligently till now.
Monthly




















 Yearly













A real life example of single household income earner since 1995 who has supported a family of 5 members including expenses for his three children's university study.

 (1) Total earned income after tax from his full-time job as employee from Jan 2002 to Sep 2016

 (2) Total mandatory CPF contributions from Jan 2002 to Sep 2016

 (3) Total earned income after tax and CPF from Jan 2002 to Sep 2016

 (4) Total household expenses from Jan 2002 to Dec 2016






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2 comments:

  1. Createwealth888811 November 2018 at 18:07:00 GMT+8

    Not high saving rate example.

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    Replies
    1. Createwealth888811 November 2018 at 18:14:00 GMT+8

      Thinking that given these data points as case study; what would FA advise on retirement planning?

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