Personal Finance
Coast FIRE (Financial Independence Retire Early) in Singapore: Here’s How to Secure Your Retirement Early
By Seedly  •  October 2, 2021
As much as there’s beauty in work, I would hazard a guess to say that no one wants to get stuck in the rat race until you are old and wrinkled. This is probably why the Financial Independence Retire Early (FIRE) movement has its fair share of devotees. For the uninitiated, the FIRE movement is a strategy where you have to aggressively save and passively invest to achieve financial independence and retire early. Those seeking to attain full-fat FIRE intentionally maximise their savings rate by finding ways to increase income or decrease expenses. The objective is to accumulate assets until the resulting passive income provides enough money for living expenses in perpetuity. (until you die) Upon reaching financial independence, paid work becomes optional, allowing for retirement from traditional work decades earlier than the standard retirement age (i.e. between 40 to 50 years old). But, the full-fat version of fire that we wrote about previously is a...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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