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Are you sure that you want F.I.R.E (Financial Independent, Retire Early)?

Posted on by careyourpresent

Many people want to F.I.R.E (Financial Independent, Retire Early), but I don’t, especially in the every inflationary environment. How sure are you? How desperate do you want to F.I.R.E?

How sure are you with the X million(s) that you think you have, or XXXXXX dividend/rental/fixed income you have can last you indefinitely?

UP up Up

Hawker simple Cai Png can easily cost $5 upwards nowadays, transportation fee increases, water and electricity increases. Let’s talk about grocery, the most basic. The prices already increases… before the 9% GST. In case you didn’t notice, even egg cost $8.00 now. Few weeks ago was $7.60, this is 5% increase from $7.60 to $8.00.

https://www.fairprice.com.sg/product/pasar-fresh-eggs-1-5kg-30-per-pack-11194824

When next year come GST becomes 9% from 8%, things will not just increase 1% only. It will increases much more. Even when inflation really come down in future, do you think the prices of things will come down? Given your so many experiences on life on Earth, It’s impossible! Things only rises in price but recent years rise up faster!

Are you sure you want to and is able to F.I.R.E (Financial Independent, Retire Early)? How sure are you with the X million(s) that you think you have, or XXXXXX dividend/rental/fixed income you have can last you indefinitely?

Definitely…

I don’t want to F.I.R.E, but I do want my time back, especially during this period where my kids are 5 and 8 years old where they still need you.

Look at the points below and reflect

  • Grab the time while you are still their world. It don’t last indefinitely. The days are long but the years are short.
  • Some argue to say that work life balance is important, you can take leave; can spend the evening with them (if you are lucky, don’t need to work so late). But…the most alert, energetic period is where one first woke up. But this best time are spent on working. But the time one reaches home, you are tired…do you still have the energy to spend your quality time with them? Most of the time the parents would lose temper when the kids trigger you with something simple…(which kids always do)…SO work life really can balance?
  • Something only happen once in life, if you missed it, it’s gone forever…Kids have things to share with you (their happy, saddness in school), they want to share with you at noon time after they left school immediately…do you think they will still has the mood to share with you after you reach home at 8pm?

No Regrets

Life is fragile…after I seen that passing of so many people around me. Who knows I might be the next one?

I want to continue working, do something useful while earning some money to counter the ever-inflationary world…but time don’t wait for you. I want F.I but not R.E. so that can spend more time on more meaningful things…

But I don’t want to have regret in life – especially the greatest regrets in life.

Quite likely, I will take a career break soon for few years until the kids don’t need me. Hopefully by then still got employer want to hire me…

I been dragging for too long, I shouldn’t wait for too long – what if later never come?

The days are long but the years are short.

Lastly, I want to end with this.

Look at the Image below. It strikes me deeply. Picture speaks more than a thousand words.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

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Category: Careyourpresent

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