Points that will be covered include:
- How far would a big purchase (ie. a car, a housing upgrade) set you back in retirement?
- How should we approach salary increments and its impact?
- How should we manage lifestyle inflation?
The pursuit of financial independence has been associated with a life of extreme prudence that has led to an undesirable quality of life where even creature comforts are considered excessive indulgence. There seems to be a step-by-step handbook that prescribes the right path to financial freedom - but with great sacrifice. It does not have to be that way.
During this session, FIRE-Path Lion, a Singapore-based finance blogger and Sheng Shi Chiam, Personal Finance Lead of Endowus, will talk about the trade-offs between key personal financial decisions and your plan for financial freedom and independence. They will share their thoughts on how best to make your money work for you, instead of you working for your money.
