I woke up in year 2022 to receive an income of $14.3k in my CPF savings accounts!
It certainly feel great to be able to earn money when I sleep.
Even though CPF monies do not seem to be like real monies, I believe they are still illiquid monies that can be used to fund our retirement in our late lives, purchase properties, pay for education fees of children and pay medical bills.
Here are my CPF interests for 2021:
In total, I received this amount of interests from my CPF savings:
$14,365.69
This is a 14% increase from $12,592.93 which I received in 2021.
The interest of $2.4k earned from Medisave account can easily cover the premiums for Careshield life and Medishield life. In a way, it is possible to enjoy free insurance by using passive income from CPF savings to cover the insurance premiums....