I think inner peace is not measured by how much savings you have.Maybe it is due to my stressful job,I wanted to retire 6-7 years ago.Hence,I started my retirement plan at a young age.
I set personal goals at various stage of my life.As I used to do regional role,i saved almost 70% of my salary.
I didn’t really keep track of my wealth until one day a financial advisor sat down with me.i listed whatever I could think of.But I forgotten about my ESPP.The US stocks I am trying to sell to avoid estate tax in the event,I RIP.
I used to be a conservative person and whatever method is available to reduce income tax,I would have a share in it.Endowment plan,SRS,top up my CPF or donations etc.
If you have a solid and well organised retirement plan,you do not have to put a price to it.You will be shocked with the amount when one fine day,you sit down and listed down all the items you have.You will be shocked!This was what happened to be when I did the exercise 3 years ago.Happy problem!
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?
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Comments
I am glad you did. Best wishes.