Can You Really Retire In Your 40s 😱! Calculations For Your Financial Independence!

✅ ENGAGE Josh Tan on a fee for financial planning to build towards for your retirement!
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SUMMARY
Financial independence is NOT only for those with high income. In fact, some who earn well can't get there yet.

5 STEPS TO FINANCIAL INDEPENDENCE
Step 1: Think beyond your career now. That will inspire you to work towards it as well as to get to know others on the same journey.

Step 2: Spend your money on the RIGHT THINGS
Spend your money on the right experiences.
Video on "How Singaporeans overspend on wedding! | Reaction to CNA video"    • How Singaporeans overspend on wedding...  

Step 3: Organise your finances
Optimise your expenses. It starts with being detailed in your tracking of expenses.
Strong financial discipline on spending and investing is crucial

Step 4: Get invested and set long term targets 💥
To get to $500,000, you can save $4,167/m for 10years if you have 0%pa rate of return.
If you invest it well, $3,200/m for 10years at 5%pa rate of return will get you there!
From calculations, the lower your savings rate, the longer it needs to build up your investment pot for financial independence.

Step 5: Understanding your withdrawals
4% safe withdrawal by William Bengen.
CPF, SRS and endowment plans provide cashflows which should be factored and projected.

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How You Achieve Retirement With Just $500/mth Invested💥! Retirement Planning With Semi-Retirement!    • How You Achieve Retirement With Just ...  

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We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material.

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About Josh:
Josh holds a degree in Accounting from NTU.

In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips to help you kickstart your journey towards financial freedom.

As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video. No products were advertised.

✅ To learn more on financial planning and insurance concepts, visit https://theastuteparent.com

✅ Engage JOSH TAN on a FEE to build towards for your retirement, achieve your breakthrough TODAY: https://www.theastuteparent.com/josh-tan