Earn enough so you can invest $300 a month into the S&P 500 index comfortably. Do it for 40 years, from 25 to 65. This should grow to $932,000 by the age of 65.Buy a MediShield Integrated Shield Plan. Buy term insurance for death, for $1 million, with a critical…

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7 thoughts on “3 Bullet Points for Lifetime Financial Freedom

  1. I arrived at the same simple conclusion. Have a stream(s) of income for as long as you can, max your CPF savings as much as allowed, have a term & a medical insurance, own a HDB to stay, and invest in a US index.

  2. The “do it for 40 years” will put 99% to sleep.

    They want freedom, FAST!

    That’s why financial salesmen, trading trainers, property trainers etc can continually do good business generation after generation. Even if they have to close down, lie low for a year or 2, revamp their reputation, & restart another training/selling outfit under another name.

    1. Oh for those impatient types, can go all Nasdaq/tech e.g. QQQ or VGT or XLK or FDN.

      QQQ is more broad than the pure tech etfs & some think that Nasdaq is more representative/responsive of the new economy than S&P500. Although the largest Nasdaq components are already part of the S&P500, those smaller higher-growth Nasdaq companies will need to take some years to become big enough to be included in the S&P500.

      As I don’t like binary, yes-or-no, all or nothing approaches in investing, can always go with combination e.g. 90% S&P500 and 10% Nasdaq … or 90% Nasdaq and 10% S&P500 … or anything in between.

      1. Yeah I think this works too. Might see more ups and downs but overall the growth will be pretty good.

    2. Totally agree. I just can’t get why there are so many of these trainers around, with big classes and lots of outstanding reviews. Something’s off

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