Passive income: CPF and Dividend Machines (2020).

If you have been reading my blog for some time, you will know that I like the CPF system.

For the common folks in Singapore, the CPF is our cornerstone in retirement funding.

In fact, I even said that the CPF can be our best friend in our golden years if we nurture the friendship.

However, if we wish to retire early like I have, simply nurturing our friendship with CPF is insufficient since we cannot utilise the savings until we are at least 55 years of age.

Even at 55, we might want to give the magic of compound interest more time to grow our CPF savings before we draw on the account so that our savings can last longer.

The CPF is really our ultimate personal financial safety net.

To be able to retire earlier, however, we will need to have a stream of meaningful passive income that will pay for all our needs and wants in life.

This is where investing for income comes in. 

Investing for income is the main reason why I am able to achieve financial freedom and retire early.

Warren Buffett famously said:

“If you don’t find a way to make money while you sleep, you will work until you die.”

Work until I die?

To me, it is a very gloomy thought.

Now, to be fair, not everyone wants to stop working and that is a good thing.

If everyone wants to retire early, the workforce will shrink.

Imagine what would happen to the economy?

Imagine what would happen to our investments?

The horror!

So, not everyone needs passive income, right?

Wrong.

For those who enjoy working and have no plans to retire early, they should ask:

"What if I am forced to retire early?"

There are many ways this could happen.

Remember what is the best insurance in this world?

Passive income.

I blogged about this before too.

Passive income is really less of a want than a need.

For regular readers, this is really all familiar territory.

For new readers, it might be an eye opener.

Investing for income will help anyone achieve a greater degree of financial security.

Eventually, it could also help us achieve financial freedom.

So, if you still do not know how to invest for income or if you would like to learn more about investing for income, Dividend Machines is accepting applications for their 2020 class now.

AK rarely, if ever, promotes investment courses.

Dividend Machines is, in fact, the only investment course that AK has endorsed year after year since its day one.

So many investment courses to promote, why Dividend Machines?

In a nutshell, Dividend Machines provides great value for money.

Unlike some other investment courses, Dividend Machines does not cost thousands of dollars.

We should all take steps towards financial freedom and Dividend Machines is surely a step in the right direction.

Everyone's life can be and should be better.

If AK can do it, so can you.

Sign up for 
Dividend Machines 2020: HERE.

Related posts:
1. CPF can be our best friend.
2. To retire by 45, have a plan.
3. Best insurance in life.
4. Freedom from wage slavery.

Coronavirus in Singapore means no milk and cheese for AK.

AK enjoys visits to the supermarkets.

See this blog, for example:

My food bill grew but my weight reduced.

Having meals at home is one way to keep cost of living low in Singapore.

It seems that more Singaporeans are latching on to this idea of having meals at home now.

However, it is probably not to save money.

Yesterday, AK went to the supermarket to get some milk and cheese.

Guess what happened?

OMG!

Never before.

It was madness.

The lines snaked all the way into unimaginable places of the supermarket for lines to form.

Now, since we are supposed to avoid crowded places, I decided that waiting in line for possibly an hour or more was probably not a good idea.

People have gone mad in Singapore.

Mad with fear of the Wuhan coronavirus.

Is the situation so deadly now?



This is taken from Ministry of Health.

We are at DORSCON Orange.

What does DORSCON stand for?


Disease Outbreak Response System Condition.


DORSCON Orange isn't all that dire as the situation is contained.

Prime Minister Lee Hsien Loong urged calm, saying Singapore had "ample supplies" and there was no need for people to stock up with items such as instant noodles or toilet paper.

"Fear can do more harm than the virus itself," he said in a statement.

Source: Reuters.





While it is understandable that the current situation is causing concern, please do not panic.

Please do not go crazy hoarding essentials.

Please do not deprive AK of milk and cheese.
------------------------
(Added at 7.45PM)

I just saw a video on shopping in a supermarket in Wuhan and would like to share it here in ASSI:







This video was shared on YouTube yesterday.

Things are pretty grim but life goes on.

Wuhan is the epicenter of the current coronavirus crisis.

If Wuhan can stay calm, so can we!
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PM Lee Hsien Loong's remarks on the Novel Coronavirus (nCoV) Situation in Singapore on 8 February 2020:





Related posts:
1. Wuhan coronavirus and our REIT investments.
2. Wuhan coronavirus is war and are we ready?