nomadic_m
04-04
*how much savings can make you feel very calm and confident to face life's crises?*

I learnt about the 25x rule of thumb recently. the aim is to save 25x of one's annual living expenses to be financially secure in retirement. For example, if your annual expenses are $50,000, according to the 25x rule, you'd need to save $1.25 million ($50,000 x 25) to comfortably retire.

How Much Savings Will Bring You Inner Peace?
The primary reason people work and invest is to accumulate more wealth and have more savings. After all, we cannot work our whole lives, and we need to plan ahead for unforeseen circumstances or our dreams. Some people dream of traveling the world or buying a big house. $100,000, $500,000 or $1,000,000? What's your goal? How much savings can make you feel calm and confident to face life's crises?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • FattAgain69
    04-06
    FattAgain69
    It is not just about saving but to invest part of it to produce an ongoing income to sustain your expenditure.
  • bouncyo
    04-07
    bouncyo
    Wah, this one really useful leh!
    • nomadic_m: 
      indeed! good luck to all of us achieving our savings/retirement goal!
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