5 things stopping you from retiring early

Do you know that two in three Singaporeans don’t believe they can retire at their desired age? The findings also showed that many are worried that they will not be able to afford an adequate standard of living in retirement.

Ever wondered what are the most common ways Singaporeans are hurting their finances, and ultimately stop them from retiring young?

Spend too much too soon

Many Singaporeans keep spending away their money, sinking into debt and setting themselves for an insecure financial future. Even without realising it!

And what do many people commonly splurge on? Nice clothes, nice shoes, watches, cars, branded bags. Just so they feel they can keep up with their friends. Or to show off to others.

Or they will feel like they have earned the right to indulge after working so hard. Shopping, restaurants, clubs, bars, and expensive holidays.

online MoneyThere’s nothing wrong with indulgence when done in moderation. Commit only 10% of your budget for fun stuff.

Before you indulge, just consider how this money you’re going to spend isn’t coming back to you anymore. That it couldn’t be invested in something that will give you a return for the money put in.

Letting debt accumulate

Start clearing your debt ASAP, before they creep up on you. Don’t let unsecured debt punch a big hole in your early retirement plans. Most people think they can ‘wait’ till they have enough money to clear their debts. That will never happen, because you’ll end up spending more and more on different things down the road as your lifestyle changes.

For example, in your 20s, you have just finished your education and borrowed from your parent’s CPF to pay for it. That would mean starting off being already heavily in debt.

Once you start work, you may get tempted to sign up for credit cards and then owe money to your bank every month.

As you get married and raise a family, that would mean weddings, housing loans, car loans, raising children, etc

Just think how all these would deplete your savings and sink you further into debt.

Our life expectancy is increasing, and many of us will spend 20+ years in retirement. Not setting aside money early on can greatly increase the chance of your retirement or emergency funds depleting when you need it most.

Lifestyle inflation

Many Singaporeans will spend more money when they have more money to spend. This is called lifestyle inflation and it can do serious damage to your financial future.

They feel entitled, thinking that the more money they can make, the more they have earned the right to treat themselves and their family to better things in life.

I know people who buy better cars after a few years, moved into condos, or travelled further to more exotic destinations.

Even people who are prudent can’t escape lifestyle inflation. For example, after the birth of a child, you need to get a car so it’s way easier to transport your family around. Or after your child starts school, that would mean more money spent on books, allowances, etc. Your situation will change over time and a certain amount of lifestyle inflation is to be expected as your work and family obligations evolve.

No emergency fund

You need to have plenty of extra money for an emergency fund. This is the money that you need to reserve, in case something bad happens to you. Like getting retrenched, quitting your job, or getting an injury or illness and being forced to stop work. Or the same thing could happen to your family members. And you’d need a large sum of money to tide them over.

If you have insurance – great! But there will still be plenty out of pocket expenses to pay as insurance won’t cover everything. And you still have living expenses to worry about, all while you’re not getting any income for the immediate future. It’s best to have this reserve prepared early on, so anything that happens doesn’t delay your plans for retirement.

Not preparing for retirement early

Do you know that many retirees found out they actually needed more money than they thought. And their biggest regret is not being better prepared for retirement.

Photo of hands holding pencil and pressing calculator buttons over documents

They go through younger years spending and not caring too much.

Only to regret when they hit their 50s and reality sinks in.

Think you have your CPF money to look forward to? The sad fact for many Singaporeans, is their CPF (already spent on HDB) will not be enough to maintain the lifestyle and standard of living they dream about.

You’ve got to do the hard work of preparing for retirement early on. That means investing at least 20% of your monthly salary into savings and investments that’ll into a huge sum years down the road.

Time to Seek alternative income

You can start considering ways to unlock alternative sources of income for yourself so that you can stop relying that much on your salary.

Alternative sources of income could be from a side-line, like renting out rooms, or dividends from investments. I’ve dabbled in stock investing, property investing, blogging, promoting other’s people’s products (affiliate marketing), and even created my own software. However, not every method is suited for everyone.

Through lots of trial and error, I finally found my unique passive income stream. And I do so by making use of Amazon.

My Passive Income Blueprint

I’m sure many of you want to kick back and retire young. You’re tired of having to endure the stress of a job you hate. You don’t want to find yourself slaving away into your twilight years, and never having enough to live the life you’ve always dreamt about.

But few are taking serious steps to realizing it.

Many of my friends would just complain and whine about increasing expenses…And then take things as it comes.

That’s why they always feel broke and miserable,

And cannot afford to retire because they spend their entire lives slogging away at one job after another, chasing after this Active Income.

These are the people who will find themselves either working to death or constantly dissatisfied with their financial life.

To truly retire, you need to work on building PASSIVE INCOME instead.


That is what separates the rich and happy, from the rest of the masses.

The truth is you don’t need to keep working hard to retire early.



You can be a part of this system too!

I want to share my journey, what I did and what worked for me. And now, could potentially work for you as well.

This system is a revolutionary technique not offered anywhere else in Singapore.

It will be revealed live in a free 3 hour seminar.


  • If you want to commit as little time and energy as possible,
  • Not deal with physical inventory,
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  • Know the shortcut of leveraging on Amazon,

Click the button below to find out more

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