How to Retire Early

Career Talk 9 October 2014 | 0 Comments

How can you enjoy the world as it is if you spend your whole life making a living? There is nothing wrong if you are a hard worker but if that is the case, you should at least retire early so you have plenty of time doing the things that you want to do. It is the dream of every working Singaporean to retire early.


So, what is the secret to retiring early? Actually there are no secrets because you will be taught how. Here’s how:

  • Eliminate debts: The basic thing to do is eliminate your debts and not consider one again. Sadly, this is easier said than done. Starting an empty slate here in Singapore is hard and it can be very challenging but this is a must if you want to retire early. From here on, take care of your debts.
  • Adjust your portfolio: If you think that dumping money in a savings account will help your retirement, you should think twice. You should know the power of investing. Investing is daunting especially if you are a newbie but as time goes by, it will get easier. Investing is risky too but this is the fastest way to retire early. Singapore has many investments in store for you.


  • Measure your financial freedom ratio: There is such thing as financial freedom ratio. It can be derived if you divide your total value of assets (like business income, cash savings, annuities, CPF, stocks, bonds and the like) by annual expenses. The ideal ratio is 25. If you reach 25 or more, you are in good position to retire early.

That will suffice. If you meet all ends, you will surely retire early and say goodbye to 50+ working hours a week.


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