Personal Finance
Are you sure that you want F.I.R.E (Financial Independent, Retire Early)?
By Careyourpresent  •  October 18, 2023
Many people want to F.I.R.E (Financial Independent, Retire Early), but I don’t, especially in the every inflationary environment. How sure are you? How desperate do you want to F.I.R.E? How sure are you with the X million(s) that you think you have, or XXXXXX dividend/rental/fixed income you have can last you indefinitely? UP up Up Hawker simple Cai Png can easily cost $5 upwards nowadays, transportation fee increases, water and electricity increases. Let’s talk about grocery, the most basic. The prices already increases… before the 9% GST. In case you didn’t notice, even egg cost $8.00 now. Few weeks ago was $7.60, this is 5% increase from $7.60 to $8.00. https://www.fairprice.com.sg/product/pasar-fresh-eggs-1-5kg-30-per-pack-11194824 When next year come GST becomes 9% from 8%, things will not just increase 1% only. It will increases much more. Even when inflation really come down in future, do you think the prices of things will come down? Given your so many experiences on life on Earth, It’s impossible!...
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By Careyourpresent
My name is Edmond Ng and I am 39 years old in year 2022. I am the founder of Careyourpresent site. I am a believer of Caring your Present and treasuring your time with your love ones. Most of the time we are busy with work, spending your precious time pursuing something which you don’t like but have to do in order to earn a living. Hence, please Love and Care for your PRESENT!
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