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There are people who think that CPF is not real money.
Therefore, the interest earned by CPF savings is just a lot of smoke.
Well, I think the people saying that are the ones who are producing lots of smoke.
Cough, cough.
Don't stand too close to these people.
Breathing in second hand smoke is more hazardous to our health than smoking ourselves.
If these people stop being emotional and think rationally instead, they will stop misleading themselves.
What is worse than being misled by others?
Yes, it is misleading ourselves.
If our CPF savings is not real money, would we be able to use the money to pay for H&S insurance?
Are insurance companies stupid?
If our CPF savings is not real money, would we be able to use the money to pay for our homes.
Are property developers stupid?
Now, interest income is not only income, it is passive income!
Passive income is money we make even while we are sleeping!
How to have a meaningful amount of passive income with a high level of certainty from a risk free and volatility free instrument?
Read this recent blog:
CPF can be our best friend.
Nurture or reject friendship with CPF?
Unless we are very rich, the wise choice is to nurture and not to reject.
The very rich have options which we average people don't.
To me, the CPF is a low hanging fruit.
Why do I love to pluck low hanging fruits?
They require very little effort to pluck, of course.
Perfect for a lazy person like me.
Bad AK! Bad AK!
So, how much low hanging fruit did AK harvest in 2019?
OA interest:
$14,114.21
SA interest:
$10,903.37
MA interest:
$2,269.11
Total interest earned by my CPF savings in 2019:
$27,286.69
Unless we have lots of money sloshing around and have already maxed out our CPF membership, we should focus on building our CPF savings as it should form the bond component of our investment portfolio.
For most ordinary Singaporeans, if we want to hold some bonds to prepare for retirement, maxing out our CPF membership benefits is all we need to do.
Seriously.
If AK can do it, so can you!
Yes, all of us can make money even while we sleep!
Let our sleep be rewarding in more ways than one!
Hug our CPF savings tight and don't let the bed bugs bite!
You might also be interested in this blog:
An unbeatable level of certainty in wealth building.
Recently published:
Made $1.5 million investing for income.
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