Support Site for The Unemployed & Underemployed
Monday August 21st 2017

Retrenched PMET surviving on bluechip dividend and condo rental

I’m currently in my late-40s, not yet 49.

If you bothered to read my accounts, it is clearly seen that my financial independence has to do with 2 things (both NOT property related):

1. Save like hell.

2. Invest regularly in strong global MNCs that have history of increasing their dividends year-after-year. Most of my stocks are not Singapore companies.

85% of my passive income is from stock dividends. Only 15% is from the condo rental.

I was retrenched when I was 40 yrs old. I’ve never earned more than $5000 monthly basic salary in my life. Together with bonus & performance rewards, my maximum annual income was about $90K. Not even 6-figure income.

Besides points 1 & 2 above, the other points that helped me are:

3. No kids.

4. No car.

5. Bought both my HDB & condo at property downturn, low prices.

6. Bought my condo with 50% downpayment and paid off mortgage in less than 10 yrs.

Can *everyone* do what I did? Maybe not. But I can guarantee that if you adopt the mindset of THRIFT & INTELLIGENT INVESTING, you can shave at least 10 years off your retirement age.

XYZ

Editor’s note: This article is retrieved from a comment posted on the site.

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