I enjoy buying groceries from supermarkets and online. I prepare three meals a day at home almost every day with great care, rarely eating out.
To conserve electricity, I've resolutely avoided installing a water heater. There is an air conditioner installed at home, but rarely use it. Clothes are washed by hand; there is no washing machine at home and have no plans to purchase one.
I own my house and live with my sister, so I don't have to pay rent, thanks to the "Home Ownership Scheme" policy in Singapore.
Before retirement, I focused on building my own investment portfolio, appropriately taking and managing necessary risks, and refused to purchase any private insurance packages (this was a personal choice made by me after I had already obtained the national MediShield Life insurance and completed a personal risk assessment, and does not constitute general advice), so I did not have to pay premiums.
After retirement, my investment portfolio, comprised of Unit Trusts, high-dividend stocks and Singapore Government Bonds (SSBs), provided a steady cash flow, allowing me to smoothly transition from work income to passive income, which is completely tax-free in Singapore.
I never dream of getting rich overnight. My fundamental financial philosophy is to increase income, reduce unnecessary expenses, and rapidly increase reliable investments.
The final total is SGD $667, which account about 29.73% of my monthly passive income. This means I still have some left over 70.27% for medical treatment, travel, or investment. Currently, approximately 43% of my total annual passive income is reinvested in DBS Bank retail unit trusts in Singapore.
插图仅用于教育目的，更多信息请访问我的小红书 ID：9486320864
Illustrated for educational purpose only, more information please visit at my rednote ID: 9486320864
at https://youtu.be/WtSzkkK7kIs?si=Hhjl1D25I9NB8474
About my work and education at https://www.facebook.com/libra1966bensim/about_work_and_education
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