Author: Early Retirement SG

What is the value of money?

Now. This is closer to a philosophical view point of money. Of course we all know what money is for and what money can buy… You see… Recently, my wife got called to Paris again on short notice and she once again dragged me along. Since it was a last minute biz trip, it was really expensive to buy my ticket and I highlighted this to her… But to her, it wasn’t important. She just wanted me to go along. It was important to her. She knew how much I hate to fly long trips and she even offered...

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Do you know these quotes?

The complete saying was originally “A jack of all trades is a master of none, but oftentimes better than a master of one.” Formerly intended as a compliment, the phrase means that a person is a generalist rather than a specialist, versatile and adept at many things. Yet somehow it was warped to make the jack of all trades feel inadequate… “Great minds think alike.” This is actually a shortened version of a longer quote, of which there are two versions. For the full quote, you want to say, “Great minds think alike, small minds rarely differ” or “Great...

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How much is applying for a credit card worth?

I’m talking about sign up bonuses. Nothing to do with the credit card itself. Now this really depends on a few things like is there any min spending to get the sign up bonuses. But generally, I find it acceptable for minimum spending of $500 for $100 sign up bonus. That’s a straight off rebate of 20%. Of course if there is a sign up bonus without minimum spend it’s better. But otherwise I’ll accept minimum spending of $500 for $100. Ok so… I always wondered why people are excited about luggages… Cos some credit cards will have a...

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Expense update 30 Nov 2018

Ok my expense updates have been getting pretty boring cos there’s little to talk about… Food ($406.30) has been a bit more expensive this month cos we went for buffet high tea at a hotel. $108 for 2 pax. Also went to a fancy cafe which my friend runs, I told my wife about it cos it has some unique food so she wanted to try it… ended up we went twice, 2 Saturdays in a row… but I reckon we wouldn’t be going too regularly. ($55+$85) Basic eating out and food expenses after removing the special treats above...

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Expense update 31 Oct 2018

This post has been so delayed cos of my issues with my laptop… Still hasn’t been fixed, I’m using a borrowed laptop currently. Ok… Food ($47.40), we were out of the country for almost 2 weeks so we didn’t spend much on food. Toiletries and health ($262.80)… OK! This was due to my wife spending on some special high end toiletries which she really likes from France… It’s cheaper than if we buy it in Singapore… but… I don’t even want to talk about it… it’s just one of those things… I grumbled a bit on how expensive it...

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Affordable vs Cheap

We go to 7-11… Buy some bottled drink. $2… Affordable? Yes. Cheap… Well… Relatively… Then we go to some supermarket and the price of that same drink could be under $1… Well, of course, buying stuff at 7-11 is more convenient at times. And, what’s the big deal. It’s only a couple of dollars… And that’s true. When I talk to my wife about meals. I ask her what’s considered a reasonable price for a weekday lunch. For her $20 is reasonable. Woah! Ok I’m not judging her decisions and what she wants to buy. But $20… Is what...

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What 1 year of freegan living has done to me

Well it’s been almost 1 year from the date I started my freegan journey. On 1 Dec 2017, I started exploring about freegan living. I’ve mentioned before. Freegan living is more of a mentality than just being cheapo. I still spend money. But now, I ask myself, “how can I get this for free?” Before I spend money. Or I keep a look out for stuff when certain things are wearing out and try to obtain them before my existing item spoils. The thing is… This year has been amazing. My quality of life has pretty much improved. I...

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Consumption to keep the economy moving

So in the previous post, I made a short comment about the ridiculousness that we need consumption to keep the economy flowing. If consumption falls, there’s a chance the economy falls into recession and people lose their jobs and everyone suffers… Ever wonder why that’s the case? Think about it. It’s a simple answer… Debt. And the whole world is drowning in debt. Businesses borrow money to buy equipment and produce things. If their products aren’t bought, the company closes down, people loses their jobs, banks who lend money loses their money. When people lose their jobs, they can’t...

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Christmas, a day to destroy the Earth

So picking up from yesterday’s post about induced spending and festive spending… Christmas is by far one of the worst festivals for the Earth. People buying useless gifts and ornaments for each other, only to be kept aside for years and eventually discarded. An utter waste of resources. Billions in value every year are produced, purchased and districted. Just for an impression of giving… I’ve put out word to my relatives… I hope they listen… If they want to buy me anything, just buy me a bar of chocolate. Simple and I’ll like it. Please don’t buy me clothes...

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11.11 a day of mindless shopping

Few days back it was the usual 11.11 shopping day. Also known as singles day. Don’t know why people decided that they needed a special day for induced spending. But humans are generally illogical so what can I say right? Anyway, in many of my normal group chats, people were discussing what they were buying. Other friends were asking for help to “slash” the prices off their Lazada purchases. Apparently if you get your friends to click a link, you can get a discount for certain items. As I was going about my daily life that day, I kept...

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Is CIMB going to have the next best credit card?

We just came back from Amsterdam, and we are really glad to be back. It was really cold and miserable and expensive, and the food wasn’t really to our liking… Pretty much everything we didn’t really appreciate. It was a learning experience though, cos we tend to want to get a sense of the various European countries and get a feel of what the life is over there. So we’re really glad to be back to Singapore where I can eat cheap food which I can cook for myself, the weather is somewhat manageable, and most of my operations...

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Budget meal in Amsterdam

Meals are somehow more expensive in Amsterdam I feel. A typical meal costs around €10-€15 at a cheapo restaurant. And I wandered around for awhile looking for cheap eats. Even some supermarkets are pretty expensive and I couldn’t find some of those pre-cooked meals and such… Until yesterday. I just didn’t know what to look out for… Yesterday we found the right supermarket… A loaf of bread, A big slice of French brie cheese, A box of instant soup, 2 tins of mackerel, 1 tin of sardines, 1 pre-packed salad with pasta with half an egg and some fried...

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Some things just don't make sense to me

I wrote about something like this previously. For me, I’ve tried to live my life rationally. Thinking about value of things, whether something makes sense to do, whether the cost:benefit is worth it, stuff like that. That’s what a capitalistic world is pretty much about. Doing things worth doing logically with actual tangible benefits. And when I see people spending money on stuff which I feel irrational, I tend to raise an eyebrow and wonder why people do such things. Like buying branded bags when they cannot afford it. I mean if someone earns $20k per month, fine, they...

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Value vs Price

Most of us know about this… the difference between value vs price. We look at this kind of thing when we try to analyze stocks. Buy when the price is equal or lower than value, sell when price is higher than value… something like that… However, this appears in many of our real life situations. Recently, one of my Facebook friends is planning on relocating. She wanted to sell her dining table and chair set for over $600 for the table and $200 per chair!!! It was obvious she bought it at a very high price… it was one...

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How I make use of my wife

It’s really quite intriguing… After my previous post… I got a couple of comments… I suspect they aren’t regular readers cos for the folks who have followed my story, I think I addressed many of the points raised by the commentators… The gist of the comments revolved around me making use of my wife and that I am using her money to fulfill my wants and my travel and the car and all that stuff… and that maybe I intend to persuade her to work til she’s old so that we can enjoy our standard of living. And naturally,...

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