FINANCIAL FREEDOM EARLIER 🔥 | How you can reach it EVEN IF YOU KNOW NOTHING about investing now!

🏠 SPECIALLY FOR YOU - $5 NTUC voucher to try Homer AI today for FREE! - joshtan.link/homerai
Consult OHMYHOME Today to sell your property! - joshtan.link/omh
Singaporeans feel they need $566,640 to feel financially free. Is that really accurate? Today you'd hear about how to reach financial freedom earlier and it starts with a few simple steps.
ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY!
►‌ www.theastuteparent.com/josh-tan
*****
🌟 Tiger Brokers JOSH TAN SPECIAL LINK HERE : joshtan.link/tiger
Tiger Brokers Welcome Rewards
Deposit & trade to win prizes worth USD 888* + USD 30 Tesla fractional shares!
Cheapest travel insurance (especially around Thailand, Malaysia, Vietnam...)
From as little as $4/day, check it out (STARR insurance) 🌅
►‌ joshtan.link/travel
My article on the best Personal Accident PA Plan to refer to you 🫵
►‌ www.theastuteparent.com/2022/...
****
TO LEARN MORE, 4 SUGGESTIONS FOR YOU
►‌ Follow Josh Tan on Linkedin to read articles and connect professionally
lnkd.in/gkfid5nG
►‌ NEW podcast channel "THE JOSH TAN PODCAST" On Personal Finance:
joshtan.link/spotify
To see updates and polls, join my TELEGRAM "Josh Tan Investment Official Group" here
►‌ joshtan.link/telegram
Meet Josh Tan On Instagram to see event update and fan meet pictures
►‌ / joshconsultancy
****
0:00 Introduction
2:20 Story of Paul
4:36 Market your property
7:13 Median savings of financially free
9:34 Don't know investing
13:36 What to know
#financialfreedom #fire #financialplanning
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.
*******
About Josh Tan:
Josh holds a degree in Accounting from NTU. In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY!
►‌ www.theastuteparent.com/josh-tan

[@joshconsultancy]

🏠 SPECIALLY FOR YOU - $5 NTUC voucher to try Homer AI today for FREE! - joshtan.link/homerai Consult OHMYHOME Today to sell your property! - joshtan.link/omh ►‌ Follow Josh Tan on Linkedin to read articles and connect professionally lnkd.in/gkfid5nG To see updates and polls, join my TELEGRAM "Josh Tan Investment Official Group" here ►‌ joshtan.link/telegram ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY! ►‌ www.theastuteparent.com/josh-tan

[@LonganLee]

Yes, most sporens imho will go for 1.5m house after the windfall. Greed is a very big in SG. Cannot say it's a good/bad thing. One thing for sure, these must not have financial trouble in future. Else balls shrink.

[@NgeeKey]

Thanks a lot Josh, super useful sharing

[@joshconsultancy]

🙏share with someone who should hear it too 👍

[@kellyng7972]

Thanks for sharing

[@joshconsultancy]

🙏 share with someone who should hear too 👌🏻

[@whis5448]

Warren buffet also said " Market fluctuations are your friend, not your enemy...profit from the folly rather than participate in it.". Thus, a stock market sale is the only sale customers run out of the store.

[@PNGChoonBing]

J tan, agreed stay bto all the way, be frugal, inv in children edn eg MBBS and reach financial freedom by 63

[@TheDividendUncle]

With inflation, I think $500k will not provide a reasonable retirement lifestyle, unfortunately… thanks for the one line of wisdom, and the simple solutions (which I will not repeat here, for viewers to find out themselves!) great advice

[@joshconsultancy]

Thank you and pov noted

[@jwanglerz8500]

How to be frugal, economic rice cost 5 dollar plus for 1 meat 2 vege ... Eat lesser, then hungry n eat again...

[@tanhakkoon]

Rent out your house and go stay Batam, you can retire tomorrow ?

[@joshconsultancy]

Certainly

[@cryptot8531]

Josh, do you have ideas for tax management. I just crossed 6 digit personal income tax this year (latest YA!!!) and it hurts like heck. Middle-class being squeezed. I am sure the rich have ways to tax avoid / evade / manage and we are the ones being most affected and contribute the most to nation building!!

[@junjun906]

100,000 tax means you earn at least 600k. Congrats

[@joshconsultancy]

What industry are you in? And you’re in senior management? Congrats

[@cryptot8531]

​@@junjun906 Thanks but it is really hard as a single income breadwinner who has to support 4 aged parents (include wife's), 4 kids and spouse.

[@cryptot8531]

@@joshconsultancy I am in traditional finance. Thanks but it is really hard as a single income breadwinner who has to support 4 aged parents (include wife's), 4 kids and spouse. People like me are the forgotten and neglected class. And we have to bear the highest tax burden.

[@junjun906]

@@cryptot8531no easy solution. Need to make sure spouse work. If spouse can bring in 100k per annum, then ur tax problem and the other set of 2 aged parents problem will go away. I only pay 30k tax PA, but i insist my spouse work. Talk to your spouse, and hope ur spouse can lighten ur financial burden. In my opinion if sole breadwinner easy for the entire family to lifestyle inflate. A working spouse will reduce lifestyle inflation.

[@daryllee244]

Josh, the savings % you referring includes or excluding CFP contributions?

[@joshconsultancy]

Cash savings. Exclude cpf

[@daryllee244]

@@joshconsultancy Why exclude CPF, considering if some cases that some may use cash instead of CPF to pay mortgage. Then, their cash savings will be reduced significantly. In the flip side, if a CPF OA rich person uses all his CPF to pay the mortgage then his cash savings would look much more. That’s why I think this part needs more clarification.

[@DonYang73]

I have >$5mil with no debts and i still dont feel secured….😢 . My family and i dont have an extravagant life so i guess its largely in the mind

[@joshconsultancy]

its in the mind, you likely much more than enough

[@tcmelvinlee4804]

Unfortunately, the property prices have gone sky high, the savings and investments can't catch up!

[@joshconsultancy]

There are cycles in property. It feels like that coz last 9y has been an upcycle?

[@bblearnpokemonunite2564]

Pls take more mortgage loan so that DBS continue to pay us 6% dividend and 10% bonus shares payout!! ❤

[@henrylau116]

I see the 500K you will be financially free..... I'm laughing. Seriously, I don't feel it even I do not have any liabilities except the regular insurance premiums, I have cash more than 500K, having a job, and having a passive stream of income, I still don't think I'm financially free... Just don't feel secure, probably, I do not know how much my savings can cover my expenses for how many years if I'm not working....

[@joshconsultancy]

That's the voted median amount =) It can be reasonable actually. Different walks of life have different expectations. $500k is enough for FIRE if monthly expenses are $1700... question becomes is $1700/m ok with expectations

[@Longtermalwayswins]

your laughing but yet you dont feel secure and dunno how much savings can cover your expenses? how lost are you? you sound lost yet you are laughing at an amount that acutally works for others?

[@henrylau116]

@@Longtermalwayswins I'm laughing is kind of asking a question - are you sure you got enough? What I'm trying to say that I have more, yet I don't' feel I'm financially free.

[@theIdlecrane]

I can comfortably retire in 5 years, as long as I don’t live past 2030 😙

[@jasonlim4512]

agree and to add, those who recommend only xxxx, may have hidden agenda. so, "what makes a good dividend stock?" learn from Josh youtube and attend Josh's Investing summit.😅 not sponsored.

[@joshconsultancy]

Thank you Jason, year end cya finance summit 👍

[@plasmadominance]

Yahoo

[@KWs5329]

Earn sgd dollar and move to malaysia retire 😂

[@joshconsultancy]

😂