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.
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.
- FattAgain69·04-06TOPIt is not just about saving but to invest part of it to produce an ongoing income to sustain your expenditure.LikeReport
- bouncyo·04-07Wah, this one really useful leh!LikeReport