How to retire with 1 million dollars in Singapore Part 2

I argued earlier that you don’t need a million dollars to retire early. This is an outdated concept that is preventing us from achieving our financial freedom. That being said, it is still cool to have a million dollars in the bank. Personally I do want to earn a million dollars but not for early retirement purposes. It is meant for me to achieve my dream of traveling around the world with my wife.

How to earn 1 million dollars in Singapore – Using properties

Buying and selling properties is a sure-way to earn a million dollars if you played your cards right. Remember this golden rule when it comes to property investing: location, location, location. Only invest in the best location you can get. That is how your valuation has a chance of gaining a million dollars in the next 10 years.

To start, you need 2 things: (i) a down payment of at least $300,000 to $400,000 so that you can afford a $2M condo in District 9, and (ii) the ability to pay $4000-$5000 in monthly installments.

In order to get the down payment, you probably need to buy a first time HDB. For me, I start off with a cheap $200,000 flat. After 10 years, I sold it for $400,000. That is how I got the money to pay the down payment for the current condo that I own. I bought mine at $1.69M and I expect prices to go to least $2.5M within the next 10 years. If that is true, I can sell it and have cash exceeding $1 million.

How to earn 1 million dollars in Singapore – Using online websites

Another way for me to achieve a million dollars is using online websites to generate profits over a 10 year period. If your websites can cummulatively give you $10,000 per month. Saving that amount for 10 years will net you more than a million dollars. How to get to $10,000 per month? The fastest way is to learn how to buy income producing websites. Typically, a good website will be valued at 15-20 times its monthly earnings. Hence, I need a capital of at least $150,000 to buy websites that can give me $10,000 per month.

I don’t need to have all $150,000 invested at once. Let’s say I have only $50,000.

  • In year 1, I invest that amount and get back about $30,000.
  • In year 2, I invest $30,000 and get back $30,000 (from the year 1 investment) + $18,000 (year 2 investment)
  • In year 3, I invest $48,000 and get back $48,000 (from the year 1+2 investment)  + $28,800 (year 3 investment)
  • In year 4, I invest $76,800 and get back $76,800 (from year 1 to 3 investment) +$46,080(year 4 investment)

Using $50,000 as your base, it is possible to raise your online monthly income to $10,000 per month, simply by repeating the same process for 4 years. This is why I am doing such website investments now because the returns are fabulous.


There are many paths to earn a million dollars. These 2 are my path. What is yours?


Leave a Reply

Your email address will not be published. Required fields are marked *


My early retirement goals for 2013

Regular readers of this blog will know about my early retirement plan. Each retirement option that I have laid out in my plan requires an extensive period to realise. For example, option A of my plan is to wait for my condo to appreciate in price from 1.7M to 2.5M so that I can sell […]

How much to retire in Taiwan

I was on vacation last week to Taiwan, which explains the lack of posts. During my trip, I took a mental note of how much things cost in Taiwan so that I can calculate how much I need to retire there. In fact Taiwan is going to be my first stop after retirement as my […]