Singles day originated from China’s Nanjing University in 1993, where a group of 4 male students started the holiday to counter Valentine’s Day.
The date was chosen because it’s made up of four ‘ones’ – 11.11. Later on, Alibaba turned it into special sales event day in 2009, and we know it as Singles Day Sales. There are over 2 billion population of single people in the world. In fact, single person household is the fastest growing economy, with majority coming from Asia. There has been rise in solo travel, solo dining and bachelor(ette) pad’s home unit, reshaping travel, dining and housing industries. Financial planning of singles revolves around self-sufficiency and independency.
As single person household, you will face illness or disability alone. Insure 5-10 years of your income in event of illness or disability. You would require sufficient capital to hire caretaker to care for you when you are ill.
Being single means you can be in control of your finances. Invest aggressively to grow your capital. You need sizeable passive income to fund your life fun. Leverage on the length of time to multiply your wealth. You will thank yourself for being consistent in your wealth accumulation.
Singlehood gives you freedom to be in control of your life. How you manage your finances will determine the course of your life.
So, INVEST AGGRESSIVELY,
INSURE ADEQUATELY,
SPEND MEANINGFULLY,
LIVE PURPOSEFULLY!
HAPPY SINGLES DAY!
