Circumstances and objectives may start to shift as you progress in your career. You enjoy your life as a single, and living it to the fullest. Having your own roof over your head may be a key consideration if you prefer your own space and privacy.
You start to wonder about the possibility of having the choice of an early retirement to pursue your passion. It is a good time to reassess the sufficiency of your retirement nest.
That being said, being on your own means that laying a solid foundation of your financial plan is of utmost importance – protection and insurance planning. You do not want unforeseen circumstances to derail your longer term plans. Once that is done, you can then start to look at medium to longer term savings and accumulation.
Priority: Protection Planning -> Regular Savings
Other Considerations: Retirement Planning -> Legacy Planning
If you like to understand more, do drop me a message below…
Wee Khai 