With concepts like FIRE (Financial Independence, Retire Early), and its offshoot concepts such as Lean FIRE, and Coast FIRE, it's clear that people just want to be financially independent to live however they want. But with things like inflation and rising costs of living every year, it's only becoming harder and harder to achieve financial freedom - especially in an...
With concepts like FIRE , and its offshoot concepts such as Lean FIRE, and Coast FIRE, it's clear that people just want to be financially independent to live however they want.
A minimum of 27.3 years in fact. Well, according to the Singlife Financial Freedom Index 2023 released on Aug 1, 2023 anyway. The Index was derived from 25 financial freedom indicators categories under six themes of retirement, income streams/stability, spending/saving & goal setting, managing recurring expenses, managing unexpected events, and giving back to society.
Diving into the specifics of the results, the top three ways Singaporeans felt financially free were:Do not expect to rely on others financially for their needs/necessities and wants in the future
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