Growing old is a pain isn’t it?
Not just physically but also the mental strain of responsibility.
The few years after graduation moves so fast – the new job, the new relationship the new car. then the rush to get married. the house the wedding the ring the kid and suddenly
Hey im going to be 30 soon? ( in 3 years time)
Suddenly, the paradigm of saving and life and retirement changed.
you know, assuming we live till 80, we spend about 40 years (about half of our lives) accumulating for all the big ticket item in our lives (60 years of living expenses, plus a house plus an education)
If i choose to retire, can i survive?
Elon Musk once went on $1 a day before he started his entrepreneurial exploit.
It convinced him that he had what it takes to lead a life as an entrepreneur.
I wanted to know how much i need to survive pretty happily / comfortably
and surprising – not a lot. To be exact, 1k is more than enough. After bills, insurance, transport and a tight budget online shopping, a couple hundred bucks of savings monthly.
so i decided to build my first 1k passive income before age 30 – then technically, i can retire if i want to.
My first exploit was – forex
buying into a fund house that gives solid decent returns – about 10% a year. (based on current track records). Its perfect for people with small capital, no time and willing to pay others to earn money for me. (i mean, i don’t care if they use my money to earn 200% as long as they pay me my good say 10%, cos i can’t do it myself and there isn’t much other instruments thats so hands off but so stable. if u do know some, let me know. i am all ears.)
Then, the appetite grew. Other than interest, i want capital appreciation.
I wanted to own real
real estate. The big boys game. p.s. did u know, our top billionairs in sg and in fact in the world are mostly property mogul including Mr trump.
Turned overseas, and bought The Peak at Cambodia.
with 10 years guaranteed returns (5% first 5 years and 6% next 5 years, and possible to renew another 5 years for 7%) i am set for the next 10 years at least with a decent rental income (guaranteed by capitaland) and a potential capital upside of 100% in 10 years.
Small quantum. 100k ish. i can afford it. worth it.
glad i started young.
so here i am… at 27.
a little more to my target of 1k passive income.
While i am not sure what is to come, i am sure as it comes along,