Author: 35 is the defining age

12 months of F.I.R.E

It has been a little more than 12 months since I left the workforce in entirety. Perhaps it’s a good time to take stock of what has transpired. Just to put things in perspective, 12 months of full time unemployment pursuant to the decision to leave the workforce due to F.I.R.E (financial independence, retire early) probably isn’t the most illuminating of sorts, but perhaps it’ll provide you with a sliver of reckoning that will allow you to consider another perspective of what has been theorized about, but perhaps rarely done in the age range of < 35 years old,...

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Expenses – July 2019

Total – S$12,350.24 Massive month of expenditure. Total amounted to S$12,350.24, which made up more than 25% of my annual budget. Let’s do a quick recap of the constituent expenditure. The largest category was no doubt “Europe Trip”, coming up to S$5,645.39. My partner and I have decided to head to Europe for about 14 weeks come end September, and this represented most of the front-loading for fixed expenditure in Europe, such as car rental, air tickets, and most of the accommodation during that period. This will certainly be an exciting trip for us, and I must say that...

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Expenses – June 2019

Total – S$3,044.46 Spent a total of S$3,044.46 in June 2019, which was c. 23.8% below the budgeted amount. The largest expenditure was in relation to my North America vacation. I commenced my trip up to the US of A this month, and was out of Singapore for almost the entire month. Insurance came in 2nd, as I had to cough out quite a large bit for the cash portion of my annual H&S premium. One thing I’m glad about is I managed to get a full rider for co-pay and non-deductible for my private and public hospitals sorted...

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Expenses – May 2019

Total – S$4,523.31 First month where I busted the budget, but no regrets here as there were a few opportunities that came up which was too good to resist. Total spending in May came up to S$4,523.31, and as set out above, the top three categories were on vacation spending, my North America trip coming up soon, and diving. Booked a couple of air tickets for the later part of this year plus early next year, and converted some cash for vacation expenses in relation to the two diving trips that I did in May. Front loaded certain expenses...

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Expenses – April 2019

Total – S$3,945.43 Total for April 2019 was S$3,945.43, and it was close to busting my budgeted allowance of S$4,000 per month. A large part of it was on upcoming trips. Was planning to head to Bali for some diving in May, and also North America in June, so that saw some front-loading of expenses being done in April. Diving’s not exactly the cheapest sport. It’s about S$100 for each dive taken, and that can last between 40 to 80 mins, depending on depth, composition of air taken, currents, etc. Not to mention you’ll the rental equipment or purchase...

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Of Mountain Climbing and Practice

“Some people say that mountain climbers are really wasting their time. They have nothing better to do so they climb mountains, tire themselves out, and come back with nothing to show for it. Yet a person who climbs a tall mountain sees the world in a very different way from someone who never leaves his own front door. Genuine mountain climbers do not struggle up great precipices for the glory of it. They know that glory is only a label given by others. A true climber climbs for the experience of climbing. And this is an experience no one...

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Expenses – March 2019

Total – S$2,569.51 Alright, short round up this time. Total for March 2019 was S$2,569.51, and this was a bit of an aberration, as I spent the first 13 days in North Asia, and cashed out most of my vacation expenses in the prior month. The largest category was attributed my upcoming North American adventure in June. Started to book out essentials such as accommodation and transport in March, and this involves paying some part of it upfront via credit card, and the remainder over the next few months, so I reckon this will be the largest contributor to...

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Hyflux investors up in arms – any justification for this?

A lot has been said about the Hyflux saga thus far, and if its investors have their say, they would be talking till the cows come home, even if the barn is now empty and the cows have bolted into the sunset.  In fact, there is even going to be a planned protest by retail investors tomorrow at Hong Lim Park, whereby the objective is to appeal to the Public Utilities Board (“PUB”) to reconsider its intention to takeover the Tuaspring Desalination Plant (“Tuaspring”) at donut. Well I suppose even Tuaspring can’t desalinate any bit of saltiness these investors...

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Expenses – February 2019

Total – S$3,219.40 First full month in Singapore since I left the workforce last August. Despite that, or probably because of that, spending this month fell within my budget of S$4,000. And this was CNY month, which typically sees the maximum monthly outflow in the year, because of traditional red packets that are given to my parents. Top category was “Gifts – given”, which took up c.35% of total monthly expenses. This was attributed largely to CNY as explained above. In addition, my partner’s birthday is in February, and we went out to have a nice memorable dinner, plus...

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Expenses – January 2019

Total – S$3,424.04 Happy New Year 2019! Massive expenses month to kick off the new year. Largest expenditure category was Vacations. Spent a little more than a week in Thailand with my entire family this month, and went a bit over the top with the requisite complementary expenses such as alcohol over there and the duty free shop. Speaking of which, the duty free shop at the Airport isn’t exactly that cheap… I can find better duty paid prices in local stores, which is surprising actually. Anyhow, a large majority of the expenses of this category was contributed by...

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Expenses – December 2018

Total – S$2,863.78 Expenses came up to S$2,863.78 in Dec 2018. Boy oh boy, it was a “decadent” month from an experiential standpoint. Flew out to Thailand and Indonesia thrice this month, and was away for 19 days. Majority of the expenses for Vacation / Diving were already front-loaded in November, given this is a cash accounting concept of expenses, so let’s see what contributed to the bottom line in Dec 2018. Largest category was Diving. This involved front loading diving expenses for a diving trip in Jan 2019 to Khao Lak, where I wanted to check out Richelieu...

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Expenses – November 2018

Total – S$2,948.31 Expenses in Nov 2018 totaled S$2,948.31. Diving took up c. 42% of it. Decided to embark on my Advanced Open Water Diving certification, and headed to Indonesia to complete the requisite dives. That was a pretty good few days, and it was fun to be underwater after more than 12 years again. Vacation was the next big category. This involved hotel expenditure and envisaged expenses as I went over to Chiang Mai for a meditation retreat and a short holiday thereafter. Retreat was great, and Chiang Mai is certainly a really livable city. It does seem...

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Expenses – October 2018

Total – S$1,332.49 Spent much less moolah this month, largely because I headed off for silent retreat during the last week or so of October .  I didn’t quite intend it to be this way, but spending time working on the mind at a meditation center seems to jive with saving monies, as its mostly donations only concept, at least at those centers I’ve been to in Asia. And its a double win, cos you’ll work on yourself at the same time and imbue simplicity into your daily life.  Eating Out and Alcohol were the two main contributors this...

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Expenses – October 2018

Total – S$1,332.49Spent much less moolah this month, largely because I headed off for silent retreat during the last week or so of October . I didn’t quite intend it to be this way, but spending time working on the mind at a meditation center seems to jive with saving monies, as its mostly donations only concept, at least at those centers I’ve been to in Asia. And its a double win, cos you’ll work on yourself at the same time and imbue simplicity into your daily life. Eating Out and Alcohol were the two main contributors this month....

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Expenses – September 2018

Total – S$2,650.53 First ever expenses post even though I’ve been monitoring expenses since mid 2015. I reckon it’s mostly motivated by my new found situation and to see if I can maintain my personal budget of less than S$4,000 monthly as I wade into the post F.I.R.E lifestyle. Total expenses tallied at S$2,650.53 and have been split into various categories. I use cash accounting for my own standards, albeit taking credit card payments as “cash payments” even though they are due c. 1 month later. Vacation expenses contributed almost c.50% to total expenses this month as I spent...

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