See also at what age I started feeling closer 2 cashflow freedom@@
Q: how many percent of my full-time or part-time working life will be ffree?
A: hopefully 70%, from age 43 to 75 (32 years) + 3 years during my bachelor years. So 35Y out of 50Y
Until recently, My answer was “below 10%”. It was hard to imagine financial freedom i.e. “不想做工就不做“ as Liangzhong put it.
Q: how many percent for my peers?
A: below 10%, perhaps the final years before retirement. I think many don’t even look forward to retirement, even if it is ffree. In contrast, I enjoy my ffree because I don’t need to spend so much. I enjoy high BR buffer ratio and being in-control.
— Q: why do most of my peers spend bulk of their working life toiling under livelihood pressure, and reach (some form of) ffree so late?
- most of them have one (or more) big max-tenor mortgage
- most of them (Chinese) also pay for their kids’ college
- many of them also struggle to save up for a Crbr (couple retirement burn rate) higher than my SGD 3k Crbr
- looking at Earn^Save^Invest: excel at 2 out of 3, I feel many struggle with Save.