I prefer binary frameworks (simplicity) instead of 3-way frameworks!

Real financial freedom (salary-free) is less realistic now than at 62, as grandpa pointed out. Key factors

• #1) my health
• burn rate: after kids grow up … S$3k projection based on analysis. CSDoctor also pointed out that young kids require much higher burn rate.
• burn rate: now S$6k. Need to refrain from _some_ of the luxury spends of the middle class. Perfectly fine with myself. Sounds hard on the family, but I often feel it’s doable.
• non-salary income: medishield
• non-salary income: CPF Life
• non-salary income: net rentals
• asset: inflation-proof properties
• asset: inheritance
• Fuller wealth
• .. see actual figures in 3 ffree scenarios: cashflow figures

Note 1: This is about cashflow freedom, not “retirement”. In fact, I might be among the pioneer generation who keep working till my last day.

Note 2: Actually I still prefer to look at near-term cashflow freedom… cashflow figures ] 3ffree scenarios