Blessing our children

With God blessing and good health, imagine that we are able to topup our children CPF SA with this $216k in their 20s; (see my earlier blog of deriving $216,000 [= $18,000 p.m × 12 mths].

Just an example:

[That is to save one year of salary, assume $18k p.m.  Don't laugh that my pay is so low or so high. 

Earn more, save more.   Earn less, save less and work longer.  

It can be household combined monthly salary. It can be just an illustration. ]


In 35-years time, at their age 55, their CPF SA would be $850,000, being [=$216,000 x 1.04^35].

In other words, if health permits, survives any toxic or stressful work environment, why hurry for early retire? say wait a year or two?

Bless them a little more, would you?


Comments

  1. Mr Ferrari6 February 2023 at 06:58

    Imagine working an extra 5-years, it is going to be more than $1M. But can tahan the job? or your health can make it ?

    ReplyDelete
  2. Mr Ferrari6 February 2023 at 07:37

    The best time to save is now. Would you wait just for a year or half?

    ReplyDelete

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