This bloke retired at 35 as reported by CNA. My hero!
When he turned 35, he became eligible to buy resale HDB flat as a single owner. So he went to buy the cheapest HDB flat he could, which ended up being a 3rm flat with 64 years lease remaining. He said he paid $87k for it. That’s cool. And the flat age is same as his age, so he won’t worry about outliving it unless he lives to more than 99yo
With a fully paid HDB, he rented out a room and that rental income was sufficient to pay for his living expenses! My hero!
So he didn’t see the need to work anymore for income.
Obviously this would not work if he planned to get married and start a family. He is single and thus he has full control of his expenses.
Moreover, he is big in collecting used items to ship to needy folks in Manila. Awesome. What a big hearted guy
I don’t think we can find anthem flat below $100k now though
But assuming you can earn $4k and save $3k, after ten years, you have $360k of savings and it could be possible to buy a small resale old HDB. And rent one room out lol.
So it’s still possible
But you have to severely crimp your material lifestyle
No holidays, no need gadgets, no new clothes etc
Will you do it?
No wrong or right
It’s a personal choice
For myself, i won’t. I experienced life with very limited resources before when young and I don’t enjoy it.
I feel as long as we have earning capacity, we can spend reasonably for a comfortable life.
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