Sometimes, it can feel like your salary increases are not keeping up with rising cost of living. The matter becomes more urgent as you approach retirement. To be sure, the Singapore government has the Central Provident Fund (CPF) system in place to ensure its citizens have their own basic retirement plan when they hit their retirement age. However, the rise in inflation makes it look increasingly unlikely that the funds within the CPF may last us through our golden years. The problem is compounded by the fact that Singapore faces a rapidly ageing population, tying up government and healthcare resources for this burgeoning group. Moreover, people are also living longer, thus increasing the need for a larger retirement sum to last long enough for their needs. Being aware of the need to live a prudent lifestyle is important. But, it takes more than just savings alone to generate wealth and preserve it....