The Malay couple is just the cutest! They just put a smile on my face ☺️
@blessedcheflim85793 жыл бұрын
i Like the close family spirit, blessed family !!
@Mastifff3 жыл бұрын
The Encik exercised in the park with mask on even though he was allowed not to wear masks... applause...good example to other park users.
@kennethmajorSG3 жыл бұрын
Racist !
@picklejuice500g3 жыл бұрын
So cute 💛💛
@a.c.i.s.s.e.j34863 жыл бұрын
Good to work part time earn some income to cover daily expenses. Also take some time doing what you like.
@farrahkong19983 жыл бұрын
I came across a Japanese man who went to the UK to do his first degree. He spent his entire life on his family, at first his parents and then his children. Studying at an overseas university was his dream when he was young. He came with his wife, who faithfully looked after him. Both enjoyed a fulfilling life for three years in London in their last stage of life. The contentment on their faces was godlike.
@tenglei23 жыл бұрын
Im 28 and i already wanna retire
@fatcat30943 жыл бұрын
Why so..?
@Val20733 жыл бұрын
@Augustus Bridger ok scammer
@Alan-Aus3 жыл бұрын
what stopping you?
@pinemarble84792 жыл бұрын
@@Alan-Aus Lack of money? Is it not obvious?
@FerdiAziz2 жыл бұрын
I feel u bro LOL
@sssu87743 жыл бұрын
1-2k is sufficient for retirement as daily expenses, doesn't mean that you should plan your retirement with 1-2k, unless you are sure that 1. You paid finish your mortgage and be sure that you can own that place till you (and your the other half) passed away 2. You don't have any outstanding loan, your future generation can support themselves well 3. You have sufficient saving for emergency use, ie. healthcare. Health insurance health too 4. Have a healthy body (and that's why, one of the important investment is to invest on your health too! Eat healthy, exercise regularly ) So what to do at young? 1. Plan your retirement that while you can take out some money for monthly spending (probably CPF)? ensure you have sufficient cash (or investment) out there for urgent use. People in this video have additional income (investment, room rental, part time job) on top of CPF, and they all agreed that CPF itself is not sufficient. 2. Invest in your health. You don't want to have sufficient money for retirement, yet don't have the health to retire. The runner uncle is doing really good, probably his son grandchildren in army can tell the new recruit that ' my grand father can run better than you!' lol.
@vodkaboy Жыл бұрын
your comment is basically listing everything that makes the Human experience a very unequal one, thanks man.
@leewn23193 жыл бұрын
The 3 retirees look fit & seems like pretty healthy without critical ailments such as hypertension, cardiac, diabetes, glaucoma, cancer, etc. That makes S$1,000 to S$2,000 possible to survive. Maybe, CNA run a sequel on those retirees with critical ailments to find out whether its possible to survive with that same S$1,000 to S$2,000.
@patrixpek25483 жыл бұрын
Singapore Gov control the social media.my friends.Do u think CNA run on poor elder with ailments on retirement based on 1k _2k here
@kaiserlow6522 жыл бұрын
I am sure in most cases ,their children are able to help them with their medical expenses. My mother who was a housewife her whole life depended on us for everything. And because she lived with my sister (be4 she died) who is a single and retired, she gets many subsidies from our govt when she was hospitalised. We only paid 10% for all the assistive devices like wheelchair, commode etc. And the hospital bills ,after medisave and medishield subsidies, was not high at all.
@engw70902 жыл бұрын
they also own a house that seems to be fully paid :x
@hazelem1266 Жыл бұрын
We also chose to educate our children, but we also have regrets about what we did with our extra money though we travelled extensively through Europe and the country of my birth. My husband is retired after working till he was 72. I am recently retired after 48 years of nursing. A year ago, our youngest son 30 years old, built a large house as an investment and then gifted it to us to live in for as long as it takes. Every day I give my thanks and gratitude because we are more fortunate and blessed than many.
@user-xh4zd6bf9m Жыл бұрын
So haolian
@aave8653 жыл бұрын
You can retire gracefully with 1-2k if you dont have any more financial commitments and lives a moderate lifestyle.
@fatcat30943 жыл бұрын
Very true.
@DonYang733 жыл бұрын
Only for the first few years and thats if you camp out at heartland kopitiams 24/7
@kimmeipkm3 жыл бұрын
Who pays the house rental, 30 days meals 3times a day and house cleaning items / utility bills?
@tango82423 жыл бұрын
house item no need repair and replacement?
@chantalmonique23533 жыл бұрын
@@kimmeipkm 1k per person, husband wife both add together 2k, u tell me not enough? How big spender are u? Surely ur not gonna tell me need to spent 20 bucks for one meal? Or need to buy LV bag for urself?
@keantan243 жыл бұрын
What I think I will spend Food: $500 (Hawker + self cook ) Household item: $100 HDB S&CC: $60 PUB bill: $150 Broadband: $30 HP bill: $40 Transport: $100 Entertainment: $200 Insurance: $100 Total: $1280 But if inflation is 2% yearly, eventually I will need to spend $2000 every month in 20 years time!!!
@lilsaint91 Жыл бұрын
How's that 2% inflation coming along 🤣
@famisoul3 жыл бұрын
$1000-2000 is enough to live comfortably in Singapore, if you don’t eat in fancy restaurants, buy useless stuffs and don’t get a life terminal disease.
@lastlightsnet3 жыл бұрын
Very true!
@normanngai6443 жыл бұрын
Agree! That’s why we need to get ourselves adequately insured as soon as possible.
@blisssurround3 жыл бұрын
Very true
@tango82423 жыл бұрын
@@normanngai644 insurance will be free?
@jaronlam81303 жыл бұрын
@@tango8242 MediFund
@rashidimahmud1657 Жыл бұрын
Great to see Sgt Amin doing well. Been a long time since we last met since I left CAAS in 1994. A good man who I can always depend on.
@rwksasc3 жыл бұрын
Would have been more useful if it gives a bit more granularity on what the $1k to $2k cover. Like does it cover household or just personal? What about insurance premiums, vacations, occasional renovation expenses like replacing aircon, etc?
@jesseye333 жыл бұрын
Replacing Aircon? 😅 I think that’s not a recurring expenditure at all. 2k is for recurring expenditures (month on month basis). Non re-cutting expenditures all are excluded I would reckon.
@leehyunsong70013 жыл бұрын
The older Chinese couple staying in a landed house, that alone is a multi millions asset!
@goodputin43243 жыл бұрын
Paid actors
@DonYang733 жыл бұрын
Until they sell the house or monetise it, its just a roof over the head. I
@jeremy896323 жыл бұрын
Yes but the running cost is also crazy - can you imagine no subsidies and etc?
@bangzul31203 жыл бұрын
No part time job for me after retire
@goodputin43243 жыл бұрын
@@bangzul3120 sell drugs
@tanyeehern3 жыл бұрын
Great video! However 1-2k is only enough if you’re healthy and well. 😅
@DonYang733 жыл бұрын
If you are well and healthy $1-2k per mth will make you fall sick.....
@wongfaykheng96083 жыл бұрын
So must stay healthy. Own time own efforts own results.💪
@tanyeehern3 жыл бұрын
@Gerry S.S Valid point. The question is whether Medisave is sufficient. I would encourage you to ask around to see how much people are paying for their medical bills if they don’t have insurance and solely relying on MediShield Life and their Medisave. In my opinion, it might be enough for some people, but not for all.
@chantalmonique23533 жыл бұрын
@@tanyeehern got medishield, it surely is enough. See how in the video, all of them keep a healthy lifestyle? Go walk around,exercise, interact with others. If u whole day stay at home do nothing then of course need to spent alot on medical cause u gonna get alzheimer.
@38284LHK3 жыл бұрын
@@tanyeehern My mum in law stayed with me in the last stretch of her life. She got $2 K rental from her flat. That money was enough to cover her medical cost and her personal expenses and she had to visit government specialists often and stayed in hospital numerous times.The money was enough for her own expenses including hiring a maid to look after her full time. Her children didn't need to chip in. Of course when in hospital she stayed in C class which was heavily subsidised. Some of her medical cost was lower as she was a PG. She also got $300 of monthly Eldershield paid out. So I think if we take up all the medical scheme recommended by the government, we are safe with medical expenses. Although she didn't go to school she fully trusted the government.
@teslabullsingapore86563 жыл бұрын
1000$ is more like surviving than retiring.
@LL-ys8uy3 жыл бұрын
Retire with 1-2k per month. Can definitely be done is you have totally cleared All financial commitments and you have a bulk of cash for your medical expenses on standby. Which I can easily say many people won’t have that luxury .
@hermesz_3 жыл бұрын
Grandpa have better fitness than most nsf lol
@terencewong79673 жыл бұрын
Bro you didn’t have to attack us like that :(((((((
@arissajoan3 жыл бұрын
Lolxx
@fez8773 жыл бұрын
true and i would say its different stages of life. When you're a young adult, fitness and health is not really a major concern, most just wanna have fun. When you're old and retired (assuming you have cash like them), you can focus on health and fitness.
@dwichiesa3 жыл бұрын
We need financial literacy class in school! Low cost index fund for life!
@adrianhartanto52433 жыл бұрын
Yes for poor family have kids maybe they can lecture the parents?? Why being poor in the first place??
@dwichiesa3 жыл бұрын
@@adrianhartanto5243 lol. Can't comment on that. We'd need to understand each situation as it is nuanced.
@bbrinergaming36943 жыл бұрын
We do have financial literacy classes in school -Sec 3 Singaporean (Express) Student (2021)
@ainzooalgown75893 жыл бұрын
@@adrianhartanto5243 i had a classmate from a poor family, he had 12 siblings, his parents are poor (stay in 2 room flat) yet keep having kids, when we graduated secondary school his mother had given birth to 2 more kids for a total of 14. not sure why they want to so many kids when they can barely feed them.
@adrianhartanto52433 жыл бұрын
@@ainzooalgown7589 yepp if kids parent already rich they can work for retirement. But most of kids working is to support their poor ass parents. Don't blame society duh
@saikoduri3 жыл бұрын
So blessed to be able retire. I dont know if my generation can even think about it. Work until i die or die because of work...that is the life of a sandwiched class singaporean
@benashertan51623 жыл бұрын
Hmm I tot so until I started doing investments and side hustles. I realize it's possible to retire early if you spend some time each day achieving retirement goals
@pinemarble84792 жыл бұрын
We have our government to thank for making it a pipedream for many.
@patriciaselwyn7993 жыл бұрын
I love the comment of the single guy. "Spending time with your loved ones....." Precious!!! Inspiring!
@lovemar78723 жыл бұрын
It is a great advise to plan your retirement while you're young. It important also to stay healthy because it's the only way you can enjoy your retirement years if you're not sick.
@ew02113 жыл бұрын
If your home is fully paid and your kids is all working than 2k (including part time work) is enough
@scb74783 жыл бұрын
won't be enough.unless been working 40yrs
@shuchanwong50543 жыл бұрын
I think it is better to interview on the poor who could not retire well during hard times now and how did they cope.
@patrixpek25483 жыл бұрын
Sing gov control the media , social ,the newspaper,no foreigners or investors can comments anything here .Do you think they will film those elders or senior citizen staying in one room flat or rental room.to show you how they retire poor?These senior citizens had 100k in their CPF board.the sg gov just wait put them in one block.waiting for them to die ,give them monthly $300 to spend.n refute return back their money.when these elders die,our good gov Buried them in cremation.and take away their money just like this.cos ,no siblings ,no children's.their children's don't want them.I pitiful these senior citizen.I am also a victim here
@valkang28443 жыл бұрын
I think 🤔for 4K/moth for a couple would be just enough for covering basic needs, food n insurance. Singaporeans don’t need to own a 🚘 that saves a lot. Careful planning can still travel at low cost. Cheer up lots of ppl can’t afford to retire.
@sitizuby82633 жыл бұрын
Actually its suffice but only if dont have any debts.....thats why its important to live below your budgets in young ages......spend less....invest more No biz loan...no personal loan....no card credit....total freedom
@johnnyhs_ngnng55543 жыл бұрын
Someone has posted a question “ what retirement on $ 1,000.00 - $ 2,000.00 in Singapore looks like?” One commenter said it’s not enough to live as it is too little to live comfortably. Obviously it it is more than enough but he is talking about going for overseas vacations with his family yearly. So if he is talking about that kind of standard of living then he must asked himself whether or not he earned $ 1 million or not. If he can’t then then he must dreaming. Many people in Singapore earned $3,000.00 a month is still living. Don’t be so demanding as the world does owns YOU a living.
@YMWong-cb6ke7 ай бұрын
Yes, I agree. My wife and I spend about $900 a month for TC , internet, hand phone, groceries and PUB bills. Why do you need to spend so much every month? For example, my PUB bill (including gas) is less than $58 a month? Singaporeans are what I call "over consumption lot".
@kcchiew42473 жыл бұрын
My wife and me started to save around 12 years ago. We are almost 55 yo now. We are ready for retirement with CPF life. We plan to put in Enhanced Retirement Sum into RA. And select Escalating Plan at 65.
@Lea小爱3 жыл бұрын
I would choose enhanced standard plan @65 though.
@waktempeh86843 жыл бұрын
I plan to migrate. Already put in process.. cost of living too high here. And I don't like the idea of CECA, dictatorship, govt shifting goalpost on cpf, holding out my money. Whatever enhanced thingie is bullshit. Even now during covid the assistance dished out is bullshit. Anyway best of luck.
@juvezhang17153 жыл бұрын
@@waktempeh8684 email me juvezhang9@yahoo.com if you plan to migrate to Bandung, Indonesia, I have a landed house 470 M2, house 80 M2 2BR, price is SGD 40,000. Forty thousand SGD. Cool daily temp. 17-23celcius.
@joshconsultancy3 жыл бұрын
Great video! Very inspiring! LIVE HEALTHY IN RETIREMENT TO PROLONG IT! =)
@chrischoo38503 жыл бұрын
Patrick you are a good son. God bless you for taking of your mum.
@toyoyoyo1043 жыл бұрын
That's why it's important to be low maintenance from young. Some of my friends used to spend thousands on makeup, skincare, clothing, expensive dining and overseas trips. After they retired, they are forced to continue working to maintain that lifestyle. Mind you, they have savings and pension, but those just ain't enough.
@valkang28443 жыл бұрын
That’s the problem you have a choice to retire or to put on brand names with empty souls. No offense.
@juzajie3 жыл бұрын
@@valkang2844 A question I used to ask my younger self during my early to mid twenties. Should I spend my salary on dressing up/branded stuff OR do I prefer more $ in the bank? I chose the latter 😊
@toyoyoyo1043 жыл бұрын
@@valkang2844 It's ok, coz I'm pretty low maintenance myself. Happy to use drugstore brands though with my ok earnings, I can actually splurge. My point is, once we get used to a certain pampered life, it's pretty hard to switch to less.
@valkang28443 жыл бұрын
@@juzajie very smart girl 👧 even at your twenties. Most young ppl fall for the temptations n choose to go with the flow so as to be trendy. Choice is ours to make and soon we find our own circle of friends to hang out with. Everyone’s goal of happiness is different .
@valkang28443 жыл бұрын
@@toyoyoyo104 It must be tough to live a meager lifestyle in Singapore with all the advancements n temptations going on around you. Good luck 👍 and enjoy the scenery wherever possible.
@sebestiantan13 жыл бұрын
The Malay uncle and aunty is so cute 🥰
@djtan33133 жыл бұрын
2k Sg dollar is 6k a month in Malaysia. U can live like (almost) a king!
@juvezhang17153 жыл бұрын
In Indonesia 2K/monthly live like a King with beautiful young lady, as mistress 😃🤣😀😁
@DonYang733 жыл бұрын
Retiring with $2k a month per person is impossible for me and my wife, i will admit right now. Tough days ahead fellas.
@JAYJAY-ch4ik3 жыл бұрын
Change your lifestyle to be minimalistic perhaps lesser on material goods. But haha after the tough days you will have a sweet day. Good luck to all
@c2474784263 жыл бұрын
As of 2020, I think it's possible to 'retire' with SGD2K for a couple to live comfortably. On condition that your home is paid off and children won't need any financial help. Probably the highest expense would be the Medishield tied insurance. I think with proper planning, still can afford 1-2 trips to SEA countries annually.
@sunlightdavid3 жыл бұрын
I think it depends on your lifestyle and what you value in life? If sumptuous meals at restaurants everyday is how one lives their remaining days then obviously 2k isn't enough lol. Most ppl at retirements has almost no financial commitments or debts. The are really just financing their lifestyle from food to transport and travel. There are working adults who live on 2k per month WITH financial commitments. How is it impossible lol. Maybe you'll need to consider evaluating your financial capabilities against your spending patterns and make adjustments accordingly. (Since it's a little too late to increase your wealth significantly at this age.) Some ppl are content with daily activities that don't cost a lot like the couples that exercise and take up sports. Hosting friends at home is also cheaper than going for high tea every other day.
@DonYang733 жыл бұрын
I think you are mistaken of my financial capabilities 😂😁 . I just have much higher retirement standards thats already been acheived, thats all. I am still increasing my wealth too 😃 . All the best
@sunlightdavid3 жыл бұрын
@@DonYang73 ah! I misinterpreted your original comment. Well, that's great for you! 2k is doable but ofc more would be better. 😂
@haibirhussin21693 жыл бұрын
Very good video for retirees.Thank you
@damansarajaya883 жыл бұрын
Retirement is the last change to enjoy life.....sobering and well said. Let’s make it a good last attempt eh.
@warrendarable3 жыл бұрын
Try to do a version of FIRE like Barista FIRE - to retire early to enjoy the best of the both worlds.
@damansarajaya883 жыл бұрын
@@warrendarable working toward that actually. With 3 kids in tow, it’s something to chew on when time to take that step. All the best to us.
@Lea小爱3 жыл бұрын
wow, lovely stories. can't wait to retire 😊
@feudallordcult Жыл бұрын
i noticed all of them exercised regularly and I believe all have adequate health insurance which is important. Life is about balancing health, wealth and time. they are all extremely lucky folks.
@Banayaga3 жыл бұрын
The way the young runner talk about the uncle sounds like an Insurance Agent LOL
@lastlightsnet3 жыл бұрын
With COVID and no overseas trips, now is like how we spend money in our retirement days. My monthly expense all these months is under 2K, so I'm pretty fine with living within 2K. My hobby/passion (photography) costs none (unless upgrading gear), so I just have to be careful that I'll stay healthy...
@Noname-dr1jm3 жыл бұрын
Mr Patrick Lee tq for d life experienced😁
@azabujuban-hito80853 жыл бұрын
This is really great !! It strengthened my resolve to keep on saving and investing instead of splurging, as living here in Tokyo can be quite pricey.
@LeonardoSummers3 жыл бұрын
They also lived sensibility when they were earning. Saved each month only buy if you have the cash
@thomaswong10853 жыл бұрын
$2000 minus GST $140 I think not enough for my retirement 😞
@unkniwdead35163 жыл бұрын
A lot of youngsters nowadays spend more than they saved and they are rather poor in finance planning for their future. Some still depend on their parents handout. If u inculcate good saving habits like most seniors which started saving from young and don't overspend what one earned, u definitely can retire and live comfortably with your CPF and saving. Yet, afford to travel, shop and eat at restaurant. Most of the retired old folks who are not born with a silver spoon in their mouth are already a millionaire through saving and prudent spending when they are young. Once they retired, they can enjoy the fruits of their own labour without having to rely on their children. Though, u may see some retired ppls still choose to work part time after their retirement because they wanted to keep their mind active, not for the income but to past time instead.
@waktempeh86843 жыл бұрын
Tell me how to save if for the last 5 years I bring home $1,300-$1,500 per month. Supporting parents. Ride bicycle or take the public transport. My enjoyment is cup of kopi o... before going home. Utilities itself set me back $400/month. Groceries and wet marketing is $500/month. Transport? Marriage is out of the picture. Tried looking for better paying job... but they prefer to take in FT.. so tell me.. buying a house? If I get married buying a house... pay upfront small.. but monthly probably have to pay cash... unlike our seniors.. buying houses below 100k. Can get that now? Crazy
@sohsueping95603 жыл бұрын
@@waktempeh8684 Keep going! you have an amazing habit. Riding Bicycle is the smartest way to keeping yourself healthy and it saves so much time as compared to exercising just for the sake of being healthy. Most people who work in the office and do not exercise are slowly killing themselves, my own brother is one good example. I enjoy cycling a lot too! You are so filial too! Extremely filial. I heard of a girl who had to clear her father's gambling debt by taking on more classes as a tutor, sacrificing her personal time. I felt really bad for her. Don't give up! I am sure your income will eventually increase if you keep persisting. And what's amazing is that the value of thrift has been deeply ingrained in you and even when you are earning $1million a year, you can still live like you earn $1.3k a month.
@sohsueping95603 жыл бұрын
Hi Wendy, you make a really good point here. I am 30 this year and for the last 8 years, I have been living a very thrifty lifestyle because of some bumps in my early career as well as some thought experiment that I imposed on myself. At one point in my twenties, I was only earning about $5/hr or less. I could really understand how it's like not to have money to meet the social obligations like attending friends' wedding and sometimes even taking public transport. (However, I would not say that I can understand how it's like to live in the lower income bracket and trying to escape poverty. What I had went through is nothing compared to children who are born in the lower income families or old people who had to continue to clean toilets or offices or clear up plates to survive in Singapore.) On the other spectrum, I have some close friends who earn and spend. The only savings they have is probably CPF savings. I have tried to nudge my friends to rethink their spending habits but it's really tough you know. Sometimes I really think I am a big busybody. Dishing out unsolicited advice. However, I am doing it because I really care for my friends a lot. I never really want to sound condescending or preachy. What I learnt from all these unsolicited attempts to preach to my friend is that it is better for us to start teaching our children how to live a simple life from young. Just want to share my 2 cents thought here and hopefully elicit some responses from like-minded people to bring some solace to myself. Thank you!
@LeeLee-bo4ly3 жыл бұрын
I fully respect the malay couple.. they are so brave to have a few children without considering the ability to raise the kids..
@LeeLee-bo4ly3 жыл бұрын
@Amirah M.S. nani?
@bchpls243 жыл бұрын
4 is standard.. my neighbour have 7...
@LeeLee-bo4ly3 жыл бұрын
@@bchpls24 Sure.. by all means, if having 10 is not an issue as long as the parents have the ability, I.e. time and resources to raise the kids, then go ahead.
@catherinehui795 Жыл бұрын
According to each couple what they like BUT personally I prefer either only one child or max. two so ALL can have better quality of life and MUCH less stress on parents to provide
@pinkipromise3 жыл бұрын
07:45 really financially prudent
@GierlangBhaktiPutra3 жыл бұрын
As an Indonesian, this is what I see from this video: -these elders are healthy, they even work part-time to get fit. Some even do sports. -I know Singapore is an expensive country, I wonder how you break down those $2000.
@charlie-ot5ug3 жыл бұрын
Yes, I came here to see the break down from the $1000 - $2000 retirement
@clerisyclerisy3 жыл бұрын
Probably something like that (in my personal retirement planning) - assuming I’m a healthy retiree, lead a moderate lifestyle, have my own home fully paid and no outstanding loans. Assuming I don’t own any liability like cars as well. In Singapore dollars F&B $500/ mth (assuming eat out every meal in hawker centre/food court) Transport $100-200/mth (assuming take public transport most of the time with occasional car share) Utility bills $100-150/mth (assuming you stay in HDB) Phone bills $30/mth Entertainment - $100-300 Total: $1000-1200
@sitibear3 жыл бұрын
I would think it goes like this: Electric and Utility Bills: $300 Phone bills: $120 Cable and internet $80 Transport : $300 Groceries : $500 Eating out: $300 Toiletries 🧴 100 Miscellaneous $100 Medical : $200
@bchpls243 жыл бұрын
@@sitibeartrust me. medical insurance is going to climb higher than 200
@sitibear3 жыл бұрын
@@bchpls24 ah yes I forgotten to factor in medical insurance which would be high for the senior age group. It all adds up
@Opinionated_Observer3 жыл бұрын
Thank you for such an inspiring documentary.
@rejectwokeness13143 жыл бұрын
And yet we aren't even giving people 1.2k in minimum wage, how to even retire on 1-2k in retirement?
@mrbird16383 жыл бұрын
Great video. 👍 CNA Inside. Please have more similar video in the future.
@alexcarter88073 жыл бұрын
Singapore is notoriously expensive. Try Philippines, Okinawa, Japan rural etc.
@Mastifff3 жыл бұрын
Very instructive video...gives an informed objective evaluation on amount of funds needed to support retirement...great job. Should get CPF to show video to all coming to 55 years
@thatone80853 жыл бұрын
In the end life is all about you ,so make yourself busy with a hobby. Ride a bicycle and do grab food ,maybe 5 to 10 jobs at your own time and target. A little exercise on the bicycle will go a long way and you smile with the money coming your way everyday.
@joongoh79903 жыл бұрын
Wow Patrick Lee loves travelling to Phuket and Da Nang because “he loves the sea”.... and the little boys in swimming trunks.
@LoongAqua3 жыл бұрын
Is he the gay guy in white glasses?
@alphagamma67093 жыл бұрын
Asians generally save at least 30% of their paychecks. American generally spend 100% of their paychecks, then borrow more to spending😃😃
@keantan243 жыл бұрын
Most Asians grow up from a poor family. As they grow up and acquire wealth , they learn to be prudent from their parents. But the younger generation(Asian) has started to change....
@richadoemilia9583 жыл бұрын
The government isn't paying the retired workers enough due to the present situation in the economy... Bitcoin investors are making huge profit now bitcoin has being raising the past few weeks from 37k to 48k today. 2021 is gonna be a great year for investors.
@floydfrederick64153 жыл бұрын
You're absolutely right ma'am, only bitcoin investors will understand.
@ericmorris48763 жыл бұрын
Investing in assets is the code for having a successful financial life, investing with the right company or software would free you from modern financial slavery.
@NicloasSmith3 жыл бұрын
bitcoin was at 45k but raise now to 48k, I believe it will raise up before the end of the month.
@waynebradley44443 жыл бұрын
@@ericmorris4876 and that's why 80% of millionaires today are investors.
@dimitrinatasha6643 жыл бұрын
I love to invest in bitcoin and other crypto currencies but it's difficult to understand the market.
@BaysviewPg3 жыл бұрын
See the main difference between America society and Singapore/Malaysia CPF scheme. In US, they called it 401K, but 491K was invested in the stock market, you may earn a lot more if the stocks are appreciated, but you may loss almost everything and left with your underwear. In Singapore and Malaysia, we have account 1,2 and 3. Only account 2 can be used for investment. This safeguard your money to ensure that your have secured the basic fund needed if adverse situation happen such as prolong recession.
@mysticcove33923 жыл бұрын
Sound like you know very little about 401K. I have Roth IRA as well as 401K and I'm 100% in charge of my portfolios.
@BaysviewPg3 жыл бұрын
Ford 250 I am listening, I am eager to know more.
@BaysviewPg3 жыл бұрын
@@mysticcove3392 Thanks for the very comprehensive details, I am passing this info to my son who will be working soon... yes, I have limited knowledge about 401K, thanks for your help.
@lucretius80503 жыл бұрын
Do note that US also have social security benefits which is also part of their pension scheme apart from 401k.
@christopherbong66393 жыл бұрын
Impossible to retire on $2k a month for a couple even without any debts and flat fully paid up. Would be nice to see some breakdown.
@sunlightdavid3 жыл бұрын
but there are ppl with take home pay lesser than 2k with children to feed. Yea they are considered to be lower income but it's not "impossible".
@seanchin1343 жыл бұрын
I am in my 40s, had 3 child, i charge all my espenses into one credit card, phone bill, pub, town council, supermarket grocery etc.. my monthly payment is around $1500 plus some cash spending, is around $2k amonth. Nothing is impossible, just how u manage. I had friend making 8k one child not enough money to spend.
@tinyblackmage3 жыл бұрын
Rich couple. 😍Living in landed property
@normanschlongdongovic41243 жыл бұрын
2k for old couple is just enough if they hve finish paying their house but again can’t have any car..
@tango82423 жыл бұрын
why minister need 1 million pay yearly if $1k to $2k enough? this is a gov guide advertisement. Things in yr hourself will never spoilt or need replacement?
@TheDavidthw3 жыл бұрын
Thanks for your sharing , have a happy retirement :)
@q.a.28753 жыл бұрын
I love this ... GOALZ !! ❣️
@DC-jz9pc2 жыл бұрын
Please look at the background for the chinese couple before u say 1 to 2k is enough. And he is only 63...so what that means? Rich enough to retire la.
@twong65313 жыл бұрын
kudos to the Malay family, totally dedicated !
@wh78243 жыл бұрын
How can you enjoy retirement with 1k a month tho
@ericcheong91893 жыл бұрын
1k pay bills finish liao... 🤣 Everyday eat bread or white rice.
@wh78243 жыл бұрын
@@ericcheong9189 exactly
@chandutomaz3 жыл бұрын
Good to hear these experiences for younger generations
@secretdaysco.69333 жыл бұрын
Great income for retirees. Looking back the retired teacher used to tell us the joy, happiness and wonderful life before retirement. We could be useful if the legacy will be there for new generation
@Fake_Sailor3 жыл бұрын
Respect our parents🙏🙏🙏
@charliroxas3 жыл бұрын
I’m a 28 year old Filipino getting jealous of the retirement schemes from Singapore. I have lived in Singapore for more than a month back in 2016 and I know how comfortable life can be if you’re hard working. 😩 God when??
@pinkipromise3 жыл бұрын
Sham pre
@kanzeon13042 жыл бұрын
I can't agree more to the statement "retirement is the last chance to enjoy life..." hmm...
@hengjessica59302 жыл бұрын
Not anymore. Inflation has gone up to 5.6% in May 2022 in Singapore. Food and energy prices have gone up alot.
@stephenlim28523 жыл бұрын
Wonder where did they climb the 40 storey block?
@dustybccryptonews60653 жыл бұрын
I went from stressing over divorce to becoming a successful investor in the marketplace. I have been a passive trader since 5 years ago till now, owning 3 homes and receiving about $60k monthly dividends. I would say that the greatest determinant of your destiny lies in how you react to things and not in the things themselves... great video!
@fatcat30943 жыл бұрын
Wow 60k a mth???
@victortancheongwee2 жыл бұрын
@@fatcat3094 dont anyhow believe other over the internet, I can also said that too. It could likely follow by a scam later asking you to invest with him.
@snackgila3 жыл бұрын
A man named patrick lee is 62? I thought he is 45 years old. Cna, did you write it wrong?
@valkang28443 жыл бұрын
He looks in his 60s, just look jovial key to be happy 😃
@dragb62813 жыл бұрын
I don’t really believe $2000 is enough for 1 pax. Transport (drive?) , food, entertainment , medical , insurance. Can break it down ?
@yapmingyang11393 жыл бұрын
$2000 is just from the payout, they have savings,investment, downgraded from 5 rooms flat to a 2 room flat. With savings and down grade property plus payout of $2000 will be more than enough. Their children will also take care of them too
@clerisyclerisy3 жыл бұрын
Why do we need to drive when we are retirees? We will have all the time in the world and will rarely need to rush. Car sharing is a good alternative if we can’t take the bus or train. Car is a liability, and will not be enough within $2000 for sure. That’s my thought.
@clerisyclerisy3 жыл бұрын
F&B $500/mth assuming you eat out daily at hawker or food court Transport $100-150/mth assuming you take public transport with occasional car share rides Utility bills $100-150/mth assuming you stay in a 2-3 room HDB since you don’t need a big house when it’s just you/with spouse Phone bills: $30/mth Broadband: $30/mth Entertainment $100-300 mthly Insurance: $300 mthly +/- assuming you’re paying for term, critical illness, and you started paying from young Total Less than $2000. Of course this is just my rough estimation and is under assumption we are healthy retirees
@dragb62813 жыл бұрын
@@clerisyclerisy thank U
@peytonhuang29193 жыл бұрын
In order to retire happily the key message I got was CPF.
@sohsueping95603 жыл бұрын
It's not entirely true. I agree that the producer did hyped up the CPF alot at the end of the video and I am so glad that you pointed it out too. However, the front part has a lot of info/nuggets of gold. We need to empathise with the producer sometimes and I think CNA is really trying it's best to bring the key messages across. We as audience will also need to have our own filter.
@juzajie3 жыл бұрын
TBH, $2k a month is a stretch even in current times and I say that coz I have diligently tracked my monthly expenses for several years to gauge the sum I would need in order to retire. In 2020, I took a self-imposed break from work and this gave me the opportunity to experience life during a no-work year. For the year, I averaged close to S$3k per month when we can't even travel. For clarity, I had tracked all outflow and not merely daily expenses. The top few items were Medisave top-up and Medishield premiums (paid in cash), food/grocery, taxes and household bills + allowance for my mum. Realistically, $2k is viable only if we do not have insurance premiums, taxes or parent allowance. Housing and car loans, if any, would also need to be factored in.
@blammer3 жыл бұрын
By the time u retire, most likely will have paid off those loans liao
@munster14043 жыл бұрын
Agree. It’s a bit BS. Comfirm they have some kind of passive income to supplement 1K to 2K. You can see the kind of homes most of the interviewees live in. I’m semi retired having quit my job last year at 42 years old for a 2 year break and spend nearly 3K on a good month. To cut down my expenses to a more manageable 2.3K, I usually stay at home 3 weeks of the month and restrict myself to simple meals. The F.I.R.E movement (financial independence, retire early) recommends to inflate your planned allowance to cover for any unexpected expenditures. For most people would be retail therapy. Not to forget stuff like household maintenance ie replacing appliances, repairs etc. Do not be easily brainwashed by this video. Do your own diligence. 1K to 2K is definitely not enough.
@fornighttan3 жыл бұрын
When you retire....most likely parents not around, no need parent allowance. Loan mostly paid unless you still want latest car....also if downgrade big flat to small flat, save gain income assuming you paid off flat loan.
@gerrykoh74423 жыл бұрын
Now Singaporeans live longer. I am over 60, my mum in law is 88, got to take care of her medical expenses, food, pampers etc
@juzajie3 жыл бұрын
@@blammer Are you aware loan repayment age can be beyond 65yo and there are plenty who stretch their loans to the maximum tenure so as to keep the monthly installments low? CPF allocation to OA also starts reducing once we are above 35yo and the pace quickens when we are above 45. To add on, Singaporeans also have a thing for property upgrade once they earn more, resulting in a higher amount of loan - I have heard too many stories of those who purchase a condo or EC when they can barely afford it. Their mentality is “nvm, can downgrade back to HDB if we need money” coz there is a strong belief they will profit from the private assets, which is not always the case. Based on what I have heard and read, most prefer to retire before they hit 65.
@sabilj2000 Жыл бұрын
$4,400 for 30-day trip? From Beijing to Lake Baikal, Moscow and St Petersburg. Hard to believe it. Can you give the breakdown of the itinerary, please. $1000 to $2000 is enough to cover your daily expenses but not other things like going for tour, and other urgent expenses to pay for house maintenance and household items.
@tenacity05143 жыл бұрын
the uncle staying at landed house monthly hse maintenance is how much? his health insurance premiums how much? these 2 will easily take up 1k+ out of his 2k mthly spending. he still socialize, travel around to run and probably join running events with his friends. how much does those adds up? i have doubts abt his expense claims but no doubt he is already rich to begin with...
@rogerfaint4993 жыл бұрын
I have doubts, too, as 1. I live in landed and the tax on my property is $8000/year (about $700/month), 2. my utilities sometimes cost over $800/month since we have swimming pool and not to mention that maintenance guy comes in to maintain the pool few times/week. Already these add up to $2k, not to mention many other expenses.
@charmander7773 жыл бұрын
with all the government printing around the world (accelerated due to covid 19) fiat currencies are being devalued like no tomorrow. retirement savings are likely being eroded in the coming years unless they're invested wisely
@jamesleigh61663 жыл бұрын
Probably the rich couple own properties and have rental income.
@sohsueping95603 жыл бұрын
Hi Brian, well said. I feel so lonely because no one around me (whom I can confide to) seems to understand this. When I am being honest and truthful about my thoughts, a friend said that I am showing signs of depression. It made me feel lonelier. That's why I am crawling through online forums and discussion pages to find like-minded ppl. I have zero idea where I can meet people who actually read enough books today.
@napapornrosiri93143 жыл бұрын
Love your vdo ,from Thailand leave in NY for 45 yrs with 4 grand children we can afford $2-3k/m but can’t stay away from grandchildren
@twoplustwo073 жыл бұрын
I’ love the fashion of the English speaking guy.
@goodboid3 жыл бұрын
Now imagine the same segment with ominous musuc
@RandomPerson-cf3gt3 жыл бұрын
How is it possible to climb 40 stories without rest.
@peterpeggycheah77193 жыл бұрын
Hi Mr CNA insider I’m also a retiree from my 40yrs of TCM n Western Medicines Medically Businesses.l had buildups sufficiently funds.Even after spending the 3 Kids overseas Top Uni educations n some investments in properties.Still able to balances well the Funds for retirements but in orders for monthly expenditures around 1k-2k 1st No Debts 2nd Full Payments for Property U’re living.otherwise U’ll under great pressure for the remaining yrs of Life.
@lonelywanderer35583 жыл бұрын
I would love to live Singapore. Sounds like paradise, but I gather the summers must be sorchers. I already can’t stand the summers in SoCal...
@_plastikman3 жыл бұрын
the grass always greener on the other side
@sallyah13923 жыл бұрын
Their indoors are all air-conditioned at 17%C. Office workers are wearing sweaters indoors. Outdoors are mostly shaded by trees. It is hardly scorchy, but you will sweat a lot if you are outdoors for long.
@LoongAqua3 жыл бұрын
Wanderer, the heat is bearable after a while but the high humidity is hard to handle for the vast majority.
@stephenlim28523 жыл бұрын
@@LoongAqua Then we dash into a aircon place like a convenience shop. What I can;t handle is cold. If I am overseas in a temperate climate, and the weather is 12 degree Celsius I do not want to go outside.
@bchpls243 жыл бұрын
there's really no harm with late retirement when you love your job! what's the rush...
@johnmanque3 жыл бұрын
At around 60 years old most people have contributed enough for society. No matter how much you like your job, the truth is you only live once and there is a lot of things to discover when you have an open mind. If you can afford to have financial independence you will be able to discover other aspects of life which will bring you joy. Nobody is indispensible to society, not even brain surgeons. In fact you should be generous and give your job to someone else who will enjoy it as much as you did, while you start spending your retirement money, help the economy and create jobs.
@kkcwl3 жыл бұрын
Well done 好樣的!
@thangappanprasath1131 Жыл бұрын
Wherever you stay whether landed property or in the kingdom, everything is temporary. Nothing is permanent. The only happiness is to live without major sickness like cancer
@beckham483 жыл бұрын
Is meant for the rich some struggle to put food on the table at the age of 63:still need to work
@runninginsept3 жыл бұрын
You don't need to be rich. But you must be very prudent, and prudent early. The biggest liability Singaporeans must clear in order to retire comfortably is your mortgage. That's the biggest chain on our ankles. Once that's solved, you're home free (no pun).
@beckham483 жыл бұрын
@@runninginsept majority of singaporean belongs to middle income family and they have elderly parents and children to take care of and some do not have the leisurely to retire and some even work till their last breadth and only after death they get the cpf, what is the point of getting the money when they are not around
@stephenlim28523 жыл бұрын
@@runninginsept I won't call it a chain on our ankles. I will call it a saving plan. When you are forced to save (by paying your installments) you will get to reap the reward when you sell. That was what happened to me.
@horologyenthusiast85233 жыл бұрын
This is such a Propaganda. These people are only the few who were well off before they retired. Interview the majority working poor lah..
@limlisa3 жыл бұрын
This is to teach people to save when young
@Next-sy5ut3 жыл бұрын
Agreed, also interview the working "retirees" at food courts and fast food joints. There are also those who survive with a couple of hundreds charity from their kids, go speak to them at the matured estates. Not every parent had a fruitful, educated life. They struggled and skipped meals to feed their children instead.
@marktn98512 жыл бұрын
@@limlisa This is to advertise sgp so as to sell immigration to 10mil. Gov can come n go but the land, once sold thru immigration is permanent. Same fixed resource with more people sharing…
@MrBoliao983 жыл бұрын
1-2k, that'd ridiculously a lot.
@suadi16303 жыл бұрын
Its not how much money we make...its how happy we are....
@LifeHacksProducts3 жыл бұрын
When 30s to 20s become 65 years old in another 30 years... You will not get to earn 300k from downsizing your HDB house. Need to wake up guys.
@thaddeontan3 жыл бұрын
its very possible
@vixvix36123 жыл бұрын
Majority gets 500 per month. Sad reality
@creativepicnl3 жыл бұрын
So cpf is the asian equivalent of the pension plan right? It’s nice to see that it works out. In the Netherlands we have kind of the same only each year the pension fund is getting smaller. It’s decreasing at a rate that when it’s my time to retire I probably have to work again until Im dead.
@juzajie3 жыл бұрын
To explain simply, CPF is more complex because it is a form of forced savings that we can use for housing, education, medical needs and even investments,, with applicable conditions, before we turn 55yo. Once we hit 55, a Retirement Account is formed and a sum from CPF is then locked in for at least a decade before payouts start. The monies in our Retirement Account will be used to participate in CPF Life, which is an Annuity Plan and there is a minimum to maximum participation amount, which will determine our payout amounts, There are 3 CPF Life Plans and we can select a fixed monthly payout for the rest of our lives or escalating payout to buffer inflation as we age. For fixed sum payouts, we can opt for a higher payout for ourselves or choose the lower payout plan to leave behind more for our family. This is the current setup as the policy is reviewed from time to time.
@karebu23 жыл бұрын
The utility is pretty similar to your situation now, in the sense that the pension plan is not yours to draw upon as you wish. They have been shifting goalposts every now and then. You could withdraw it at age 62 and now one can only withdraw it partially at 65... unfortunately not everyone lives that long.
@LoongAqua3 жыл бұрын
The CPF is an employment-based savings plan with employers and employees contributing a mandated monthly rate to the fund for future use.
@lanceli40023 жыл бұрын
Possible 3k a month to 4k, must be okay. ☺️😊
@toshynews55613 жыл бұрын
Couple retiree seem more happy ❤️
@amoscookie13363 жыл бұрын
this 1-2k per month is exclusive of children having to fork out monthly handouts to parents ?
@Maltcandyxp3 жыл бұрын
Yes haha are you not Singaporean? If you are a young Singaporean, you should read up on CPF and find out how to make the best use of it. It's never too early to start planning for retirement
@amoscookie13363 жыл бұрын
@@Maltcandyxp i already called up cpf 3 months ago, they said it is not monthly top up, it is one time effort plus if it reaches certain margin after the balance off, u cannot transfer to your parents, also this top up is only abt increment their monthly paidout by 15-20 percent. i still have other bills. For instance, internet bills.
@huangjinwei37553 жыл бұрын
Dont think so much aa maybe we wont survive until 60s n above... a lot off ppl just passed on suddenly.