Retirement Guru: 8 Money Rules for a stress-free retirement

CW Fong
2 min readJul 8, 2024

Achieving financial stability in retirement requires a disciplined approach and adherence to key principles. The following 8 rules serve as a comprehensive guide to managing your finances effectively, ensuring you have a foundation for the future.

Rule 1: Emergency Fund

Ensure you have an emergency fund that can cover at least six months of expenses. This fund is your safety net for unexpected situations.

Rule 2: Prioritize Saving

Save money consistently. The mantra is simple: don’t save what’s left after spending; spend what’s left after saving. Your future self will thank you.

Rule 3: Eliminate Debt

Aim to live debt-free. If you can’t pay cash, you can’t afford it. Nothing beats the peace of mind that comes with zero debt.

Rule 4: Avoid Unnecessary Spending

Forget sale prices. Everything is 100% off if you don’t buy it. Don’t waste money on things you don’t need, even if they’re cheap.

Rule 5: Learn to Budget.

Budgeting is about telling your money where to go instead of wondering where it went. A good budget keeps your spending in…

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CW Fong
CW Fong

Written by CW Fong

I blog therefore I am. Passionate about #Singapore, #Leadership, #PublicRelations, #SocialMedia, #Marketing, and #PersonalDevelopment. Above all, I do no evil

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