Personal Finance
Is Retiring a Millionaire Just a Dream?
By Some Ideas on Investing in Singapore  •  August 3, 2015
Is being a millionaire an almost impossible dream? In reality, most of us are going to need at least that magical seven digits in order to retire comfortably. It's a self-fulfilling prophecy at times, thinking at it is too large a sum basically convinces us not to even try. But then, is it really that hard to reach the seven-digits? I'll break down the numbers in this post into annual, monthly and daily savings that we will have to start in order to reach it, to prove that it's not so impossible for most of us.       Above are some of the estimates that I've done in order for us to save a million dollars when we're 65. The assumed annual rate of return is 7% in this example. So a 20 year old would need to save slightly less than $10 a day to save a million dollars when he/she ......
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By Some Ideas on Investing in Singapore
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