Author: Early Retirement SG

Money vs Security

Many people think that with money they will be secure, or feel secure. This is not entirely true. With money, you can feel secure, or you can feel insecure. Without money, you can also feel secure or insecure. There is also a potential false sense of security. Many people are insecure. Cos we have never been taught to feel secure. Just look within the FIRE community. There are folks with a million or two in their assets and they still don’t feel secure enough to FIRE. Whereas some people may feel $500k is enough to FIRE. Others may feel...

Read More

The Price of Convenience in Texas

I’ve moved to Houston, Texas. Life is pretty normal. Nothing out of the ordinary for the first few days. Just settling into my temporary accommodation for 2 weeks before we move to our rental apartment. We went to do some grocery shopping at Walmart over the weekend. The thing that struck me was that, unlike Singapore, the supermarkets are consistently cheaper as compared to another supermarket. For example, in Singapore, NTUC is cheaper than Cold Storage. Sheng Shiong or NTUC is pretty comparable, but we just go whichever is more convenient cos we usually have only one supermarket around...

Read More

A Simple Life

I watch YouTube a lot. It’s my main activity for the day. I watch about investments, other people, other cultures, other lifestyles, etc… And I chanced upon this very simple vlog. About this guy who moved to Thailand from US. And he says it very simply. And I think it’s useful for us to learn As I clear my mind from clutter, I also realize I have less to write about. What’s been said has been said. Some people will learn. Others won’t. I’ve tried talking to people about their lives and lifestyles and choices. I’ve learnt that many...

Read More

The People Around Me

I am interested in more of your specific thoughts on how to assess and decide whether someone is ‘toxic’ and ‘negative’. How soon do you decide and are you often accurate? Do you have some unique tips and practical ways of identifying these people? ​-Kuriko Kuriko asked a very interesting question and I’d like to address it as a post. Cos the answer is long and I think it’s important. As we/I go through life, I realize that the people I hang around are very important. Values, ideas, mentality, encouraging, negative, positive, sucks my energy or gives me peace....

Read More

Thoughts about Singapore

I don’t have the answers. I’m just pondering about these thoughts… First… There are little avenues for Singaporeans to show displeasure with what the government is doing. CPF withdrawal age was raised from 55 to 65. And instead of taking out the full sum, Singaporeans need to take it out in drips. Good or bad, it’s up to each person to determine. But I compare it against what happened in France. The people went on strike/protest when the government wanted to increase the age of the pension of some classes of government workers. Everyone has different views on strikes...

Read More

A Consolidated Post on Insurance

Ok, so… I got a request to talk about insurance. So I’ll share a whole bunch of ideas from previous posts and maybe add on some new stuff. Here’s some of my older posts on insurance Insurance – Types of Insurance Hospitalization plan and Eldershield Why do you buy insurance – what people don’t think about.  Why I think an endowment plan is a good product ​Is healthcare cost too expensive in Singapore? ​​ There are so many types of insurance, but actually, insurance is pretty simple. All insurance are actually term policies, then they package it into something complicated....

Read More

Do You Talk About Money?

Do you talk with your kids? Have you had a financial discussion with your parents? Do you talk with your friends? How many people actually have a honest discussion with their financial adviser? But then again how many financial advisers can be trusted? How did you learn about money? How did you learn about savings and investments? I think for many of us we don’t talk with many people about money matters. I learnt about savings from my dad. He talked to me about saving for a rainy day, being frugal, assessing the value of things and asking me...

Read More

Spending €848 in a blink

That’s S$1,272. Not too long ago, maybe just a year or so back, I would have thought a lot about it before I went ahead with the purchase. However, my mentality has changed quite a lot since a year back… So… I just booked my tickets to Germany and 3 nights hotel stay. It’s a really short trip. With only 2 full days. The arrival and departure dates are basically almost useless cos I arrive very late and leave very early. The train tickets were really expensive cos we booked really really late. I’m leaving in 3 days time....

Read More

Rising Expenses

Hmmm… I never thought that this would happen. Ever since my Singapore trip, when I returned to Singapore in November, my expenses have really risen. I haven’t been tracking expenses anymore, cos it was pretty boring. Typically the same expenses with the main changes every month due to whatever happens in my wife’s work. However, when I went back to Singapore, our expenses really went through the roof. Firstly, the trip back to SG itself was covered by the company. Cos it’s our once a year “return home” trip. The company provides us a pair of tickets on economy...

Read More

Pretty toys

When I walk around malls, I’ll see the nice pretty things. I look at nice watches, nice bags, nice clothes, cars, nice Gundam model figurines, etc… Hey… I can appreciate them one k… it’s not like I walk past a shop and think… “woah so ugly.” I acknowledge they are nice. But I don’t want them. I have no desire to own it. ​ Hey, being frugal doesn’t mean cannot like to look at nice things and cannot appreciate a well made product right. And that’s what baffles me. Why do people need to own something? I know guys who...

Read More

What Crises Are Gold and Silver Good For?

New word I learnt. Crises is the plural of crisis. ​​So… what kind of troubles are gold and silver good for? I’ll just use gold for the rest of this article, else I’ll have to type “and silver” too many times. Is gold always useful in a crisis? I’ll be talking about paper gold, ie, gold certificates, ETF, gold stored in a vault managed by another company. and physical gold, gold which you physically own and/or have easy access to, ie, gold under your mattress, in a safety deposit box where you don’t have to make much arrangement to...

Read More

In Gold I Trust?

I posted this sometime back in my post about Bitcoin… “(Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” “You could take all the gold that’s ever been mined, and it would fill a cube 67 feet in each direction. For what it’s worth at current gold prices, you could buy — not some — all of the farmland in the United States. Plus, you...

Read More

CPF Special Account as an Investment Product

Most Singaporeans look towards CPF as forced savings. In the Ordinary account, the interest is 2.5% or 3.5% depending on how much is in there. In Special account, the interest is 4% or 5%. But I don’t think many Singaporeans look to it as an investment product that they can “buy” into.  First things first. If we’re going to be talking about CPF, there’s a few points we need to first consider. 1) Do you trust the Government of Singapore in the long term?2) Do you think you will live in Singapore for the rest of your life?  So, if you think...

Read More

Why I Think Everyone Should Take A Year Off

I’ve quit my job without a job twice in my life. Once for 2 years then I returned to work to save more money, and again now, and I’ve been unemployed for around 4 years. I don’t really define what I’m currently doing. So I just use the terms, unemployed, retired, semi retired, sabbatical, etc… I just use whatever words that help to describe the situation depending on who I talk to and what I expect their reactions to be. Cos I really can’t be bothered to explain too much. Anyway… The thing is, I believe everyone should take...

Read More

Save 50% of your income to retire at 65?

​If you want to live off even half of your final salary in retirement, you need to save 40% of your income over the next 30 years, she says. Regardless of Singapore or US, the thing about savings and retirement is very simply lifestyle choices. But maybe… these experts are just fear mongering… Similar to this post here. If the so called “expert” doesn’t make some exaggerated claims, they won’t get any air-time right? If they don’t make people afraid, then they can’t sell stuff right? If they make the target so unachievable, then people may get more concerned...

Read More

Latest News from PR Newswire