In my previous post, one of my readers, CreateWealth8888, commented that my ex-colleague might have achieved financial freedom and therefore resigned from my company without a job. Well, I am not going to dwell on the issue of his resignation reason but I think CreateWealth8888 brought up an interesting topic and that is being financially free in Singapore.

Everyone has his own definition of financial freedom. For me, being financially free in Singapore means you need not work but can still live comfortably without having to worry about the bills. And I think this is an important fact. Most Singaporeans derive their incomes from their jobs or businesses. It is crucial that after we retired, retrenched or resigned from our jobs or businesses, there are financial mechanisms or means in placed to ensure that our quality of lives do not suffer as a result of the lack of mainstream income.