“So … are you fully-retired or semi-retired?” I asked in disbelief.
“Well…. sometimes I shift my money around…” he said in an embarrassed tone.
“Ya, ya he hides it in his Cayman Island accounts!” another friend chirped in.
I did not really know Mr P. very well. I only reached out to him after I saw him post an article on Facebook about saving money and investing from the Motley Fool.
I commented : “These guys are always writing the same things. Most of it is common sense!” ( Yes I actually said this, sorry to my dear friends at Motley Fool Sg!)
Mr P. replied like how a wise zen master replies to a dumb student:
“Sometimes, the simplest advice is the hardest to follow.”
That statement did not leave my mind for many days. I knew that Mr P. was retired but I was not sure how he did it. Curious, I reached out to him again and talked to him over Facebook. Slowly, I veered the conversation to his ‘retirement’.
He retired at the age of 39.
Here’s the story he retold, with some minor edits:
“I was lucky to begin with. I came from a relatively well-to-do background. I studied really hard, got a scholarship and managed to get a pretty good paying job. I saved my money. I did not spend on anything that I did not need. I lived a simple, frugal, lifestyle. Soon, I saved up enough money and bought a property.
Then I got lucky. The property I bought got enbloced. I used the money to buy 2 more properties. I continued my simple lifestyle, and started investing in blue chips stocks. Having a salary, earning rental income, and earning dividends was like driving a car with jetpacks on it! I don’t own a car by the way, Singapore is so well-connected I can get anywhere easily by public transport.
Instead of buying a car, I put my money into dividend-paying stocks. My colleagues, who bought cars and have families to support, they were constantly struggling with savings despite their high salary!
One day, I suddenly realised that I have enough, and that I don’t really need that much to live. I decided to quit my job and retire at the age of 39. When I did that, all my colleauges looked at me as if I could shit thunder and piss lightning!”
Until now I am still laughing at the phrase: ‘shit thunder, piss lightning’. He continued:
“Actually, simple advice is hard to follow. All I did was simply work hard, save, lived within my means, and invest. Everybody looked at me in amazement when I quit. But all I did was follow simple advice.”
Nowadays, when I log onto Facebook, I see Mr P. posting funny jokes and comments. I see pictures of him bringing his parents along with him as he travels around the world.
The simplest advice is the hardest to follow.
Get your Free Report on 3 High-Confidence SGX Stocks we bought for DIVIDENDS.
For Long Term Investors only!
If you like sitting on your butt, doing nothing, and collecting Passive Income, then you will like this report 🙂
Click the image below to download the report!