There is an article in today's Sunday Times on how a 67 year old retiree accumulated more than $1.2m in her CPF Ordinary Account.
Well this story is like the "millionaire next door", where ordinary folks like you and me can achieve financial freedom if we put our heart and mind into it.
Did she do any special ? Not really. Here is what she did.Refunded all the money she withdraw from CPF for mortgagesContinue to contribute the maximum allowed of $37,730 every year after she retired Delay the withdrawal from CPF for as long as she canAnd here is my own CPF journey in a few simple steps (I am not going to bore you with another CPF post).
Step 1 - In Dec 2016, I decided to stop using CPF for mortgage payments and used cash instead. I decided that it is better for the government to pay me 2.5% then...