facebookAt what age do you foresee yourself achieving financial freedom? What are some obstacles that you foresee may disrupt your plans to reach that milestone? - Seedly

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Ng Wei En

Analyst at Mastercard

25 Feb 2020

โˆ™

SeedlyAMA

At what age do you foresee yourself achieving financial freedom? What are some obstacles that you foresee may disrupt your plans to reach that milestone?

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Honestly i dont know. I'm saving/ investing/ managing as i go along but i guess always afraid of the unknown!

Alex Chua

25 Feb 2020

Seedly student Ambassador 2020/21 at Seedly

Honestly, I don't know. I will plan better when I get a career.
For now I plan by 30 (if I have yet to marry) :
Have an monthly dividend of $200. $2400 annual dividend to cover my basic needs

I'm planning to achieve FF by 52 based on 4% withdrawal rule.
The biggest obstacle could b whether I would loss my job for next 15 years or so and any illness could jeopardy my whole plan.
So I'm taking these 2 aspects very carefully.

Jason Sing

25 Feb 2020

School Of Hard Knocks And Life at School Of Hard Knocks And Life

I do not think I could achieve financial freedom do matter how hard I save or invest for my retirement!
Main obstacles :
Family expenses are increasing with increasing costs of living.
Healthcare expenses are increasing with aging parents and with myself growing older every year.

I foresee my achieving financial freedom before the age of 55. Some things that may disrupt me is my...

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