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!...