My toddler is 3 year old. Thank for teaching me so much.

tankee:

No, I do not.


I practise \"thinking corner\" and it has worked well since he was a toddler.

What is \"thinking corner\"?

For example, climbling very high up, and purposely throws food or drink on the floor.

minnie2004:

KSP:

What other ways to generate passive income besides rental?

Another way is to buy REITs. It's more flexible and hassle free than owning and renting out a property. Some of the REITs listed here still have decent discount to NAV (i.e. you're paying less than the market value for the properties) and good dividend yield (some close to 10%). The downside is since it's more liquid than properties, we tend to panic and dump the stocks at the lowest when there's a stock market crash :stupid:

Of course we also need to do some homework about the management and the prospect of the properties a REIT holds and its debt levels (there's always refinancing risk for REITs). So no free lunch lah

Investment in good fundamentals dividend stocks is one way to generate passive income. Remember don't trade stocks, but invest in stocks. Here is my portfolio: http://myinvestmentportfolioinsingapore.blogspot.com/

Thank all for welcoming me . I feel the warmth in this forum.

How much you need for retirement will depend on your style of living and inflation. I have a chart based on different living expenses of $2000 to $5000 and 5% inflation rate per year. Feel free to take a look.

http://lifelongfreedom.blogspot.com/2010/01/how-much-will-you-need-to-retire.html

I am new to this forum and hope to learn more from all of you.