This Singaporean retired at 35 without getting rich. Here’s how he made it work
After losing his teaching job, Colin Lau reshaped his life by buying a flat outright and reducing his spending to a minimum. CNA’s Money Mind unpacks his financial choices, sparking a debate about money, happiness and security.
Colin Lau, a Singaporean, retired at 35 without amassing wealth. After losing his teaching job, he bought a flat with his savings, which led to his early retirement. Instead of relying on a 30-year mortgage, he opted for the cheapest flat he could afford to pay in full. By renting out a spare room, Lau generated income to offset the property costs.
His monthly expenses were under S$150, which is why his lifestyle is viewed as extreme by many. Despite the scrutiny, Lau is content with his decision, finding happiness in simple pleasures like music, reading, and podcasts.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
