While I was doing financial planning for my clients, a lot of them mentioned that they want to achieve financial freedom early and retire young. I guess that is one of the common goals for working adults in Singaporean yea?
Is it really possible? Let’s analyse.
The best way to look into this is to analyse your cash flow. How much you earn and how much you spend. Let’s say you make $3,000 per month. What are your possible commitments?
Family Contribution
Which is cheaper, Sand or Gold?
The answer may look simple but a lot of people actually got it wrong. Of course I am not referring to Sand and Gold, I am referring to Time & Money.
What is the similarity between the two? It is in the quantity that they are being found. Sand and Money are infinite whereas Gold and Time are finite. There is countless amount of Sand and nobody really knows how much money is there in the world. Money is nothing but printed chemically treated paper. Furthermore by taking out gold as the reserve for Money that can be printed, some countries can just print as much as they want to.
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