Monday, 8 August 2016

First-World Mouse and Third-World Mouse

My friend, Mr Lim, like to describe himself as the church mouse. So today, I decided to share a story about mouses. This story may not be new to you, given that it is one of Aesop's Fables (here)

Saturday, 6 August 2016

My Thinking on CPF Life

I have never considered CPF as part of my retirement fund when I made financial planning. Why? The policy is always changing and there is nothing much I can do about it. However, it is still good to keep up with CPF matters as it is still our money?

Sunday, 31 July 2016

Wastage In Your Life

Most of us, including myself, have plenty of wastage throughout our lifetime. What do I mean by wastage? For example, you bought that 10 sets of chopsticks in a bundle sale. However, you know clearly in your heart that your family members can only use 4 sets of them. Yes, you may argue that you can replace the extra sets of chopsticks when the existing ones are spoilt. Seriously, how long do you think it will take your chopsticks to spoil?

Wednesday, 13 July 2016

Passive Income is a Myth

Many so-called passive incomes are not entirely passive. If you happen to see how most people invest, you will know where I am coming from. Most of them are not guaranteed returns and we shouldn't expect to receive it on a regular basis, nor the capital preservation. Here is the definition of Passive Income by Wikipedia: Passive income is an income received on a regular basis, with little effort required to maintain it.

Sunday, 26 June 2016

Time is Running Out

Everyday, I live my life as if it is the last. Think about it, it is really the last, one and only life. For those who think you will be "revived or reincarnated" after passing, I respect that but let us not go into the religion aspects here.

Sunday, 12 June 2016

Buying That Condominium

Remembered the 5Cs that was commonly used decade ago? :
"Five Cs of Singapore" – namely, [C]ash, [C]ar, [C]redit card, [C]ondominium and [C]ountry club membership – is a phrase used in Singapore to refer to materialism. It was coined as a popular observational joke about the aspirations of some Singaporeans to obtain material possessions in an effort to impress others. 
From the Wikipedia (here), not from me ok!

Saturday, 21 May 2016

Money Talk

Do you want to live your life just by spending your passive income, with another 200% buffer, without using any of your capital? Here is an illustration of how I will do it for my family of 3:

Needs: $15,000/year - This amount of money is what my family will need minimally to survive in Singapore

Wants: $14,000/year - This amount of additional money is what my family need to maintain current lifestyle in Singapore (this include yearly travelling, restaurants visits and more) - I will share more tips in future on how you can spend less to get more - Frugality