If you ask anyone on the street, “How much do you need in order to retire?” The answer would probably start at S$1 million. And that’s ignoring the current financial status of the individual or real-world stuff like inflation.
As young working adults with little to no liabilities or responsibilities, we’re all guilty of splurging on life’s simple pleasures over saving for our retirement. After all, retirement seems so far away…
More often than not, we cook up 1,001 reasons why our expenses keep exceeding our budgets and end up putting off saving till the “next month”.
But did you know that we have a financial tool that can help us accumulate S$1 million by retirement?
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