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 month ago
That's becoz Singapore's inflation over the last 30-40 years has been only about 1.7% per annum.
ReplyDeleteAnd this is including property & car inflation.
If exclude property & car, will be even lower. Those who had locked in their property price before 1995 will have enjoyed very very low inflation all these decades (probably deflation or close to it!) :)
That is true! We are all impacted by national level inflation in different way along our life journey. All not of us are the same. We should do our retirement planning based on our life journey and not based on some theoretical number provided by financial advisers.
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