Thursday, 13 October 2016

Inspired by B.

I was reading through thefinance, when I chanced upon this blog post by B, author of A Path to Forever Financial Freedom (3Fs). He started his blog 5 years ago, to document his path towards financial freedom, and even drew up a chart to project how he could achieve it. You can read more about it here.

I too, wanted to achieve financial freedom at 45 (13 more years to go), and I wrote about it here. Unlike his detailed projection, I only wrote about how much would be required, but I didn't talk about how to meet that (because I do not have an idea!).

He talked about meeting his financial needs using dividends, while I looked at the capital I need to sustain my lifestyle till 100 years old, while generating a return of 2 - 3%. My conservative estimate suggests that I'll need $3.4M.

I tried all realistic capital injections, and returns, and I am unable to reach $3.4M, unless I delay the retirement to 55 years old. This exercise is really good, as it tells me that if things are still the same as before, expect to work till at least 55.


  1. Hi Rena

    Thanks for the mention. I'M glad that it has influenced the positive way.

    We are about the same age so I think we have a lot in common going after our respective goal. Your $3.4m by the age of 55 is very impressive. I think it devotes a long way of hard work but after that I'd assume you are doing the drawdown method for the rest of your life.

    I wish you all the best in your journey and hope to interact along the way in this ling but fruitful journey :)

  2. Hi B! Thanks for the encouragement!

    It's very impressive that you had made so much progress in the financially over the years.

    All the best for your journey! =)

  3. I want to achieve financial freedom tomorrow!