Early Retirement Plan Step 2 – Eliminate Debt
By Retire Early - Retire Happy - Retire Rich In Singapore  •  October 11, 2013
The root cause of many financial ruins and disasters is debt. Be it individual, corporations or countries. Luckily, as individuals, it is far easier to reign in this horrific occurrence by being prudent, frugal and having sound financial sense.

Personally, I feel that it would be impossible or extremely difficult to be able to retire and have unsettled debts at the same time. Retirement, in my definition would include freedom and debts means the ball and chain keeping you from being free.

In our lives, especially in Singapore, I feel that is is not very possible to live without borrowing money. This is especially so when it comes to purchasing your home. With HDBs costing about $300,000, ECs Costing about $800,000 and private housing costing millions, its not easy.

After housing comes private transportation. With the COE at such a high level, even buying a small car would cost about ......
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By Retire Early - Retire Happy - Retire Rich In Singapore
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