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A $2k Ang Bao I give to my future self on CNY Eve
By Live Rich Life Free  •  February 11, 2021
After my first top up to CPF SA in 2021, today on CNY day 1, I am giving myself another $2k Ang Bao into my CPF SA to round up the $7k Retirement Sum Top Up (RSTU) scheme. At a compounded 4% interest rate p.a, this $2k will balloon to $6,486 in 30 years time in 2051. I also get to save taxes i.e 7% of $7k at $490 for 2021. If I invest this $490 for 30 years at 5% yield, it will become $2117 in 30 years time in 2051. In total, I am giving my future self a big Ang Bao of $8,604 from this $2k top up into CPF SA. Huat ah!

Thanks for reading. Wishing everyone a prosperous Chinese Niu Year!
With love & peace, Qiongster
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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