Author: Early Retirement SG

What if our parents told us this?

It suddenly dawned upon me, we are pretty much what our parents taught us. Duhz right? So we grow up as kids and they always say, be a lawyer, doctor. No parent tells the kid to be a cleaner. Not trying to be insulting to cleaners, everyone provides a service to society, but really, no parents are going to tell their kids to be cleaners… It’s always been, study hard, so that you can be a doctor, lawyer, pilot, accountant, etc etc. Right? And the story ends there. Most of us would have such an experience? Yes? Our parents...

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The irony of having no ambition and succeeding

So I was watching Guardians of the Galaxy Vol 2 last week. Really watching it from somewhere and not just reading it off Wikipedia. Some time near the end the main character, Peter says… “What’s so wrong with that?” Quote is below. “Ego” is his dad who has god-like powers, so Peter has inherited it, but apparently if daddy dies then Peter loses his powers as well. So I was thinking, what’s so wrong about that. In the FIRE, frugal, ER, Semi ER community, this topic happens a lot. People generally judge this community as lazy, not ambitious, or...

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Spending money to save money…

Ok, so it’s lame, I’m sure we’ve all done this before. We think it’s a good deal, or we have a voucher for somewhere and we go and eat or spend so that we can use the voucher… there’s no real meaning to it… like duhz… how can we spend money to save money? To save money, we just shouldn’t spend it. Simple as that… Well, I had this very same experience yesterday. So I have a voucher for a free crispy pork at Crystal Jade Dining at Vivo City. No minimum spend… So I was like, ok it’s...

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Jumping to conclusions

Between my last post and now has been around 2 hours. And I went out for an event and was reflecting along the way. Like, it’s easy to see others and wonder how come they don’t do certain things good for themselves. Or that they jump to conclusions and say that something isn’t good for them without even thinking much about it. And I thought about myself. How often do I decide something even before actually thinking it through, or trying it out? Yesterday, I found a lobang. There was a company which was intending to run a focus...

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OCBC Promos

I was thinking, since I did a list of deals which I think is worth it for UOB, might as well do the same for OCBC… I found out that OCBC dining promos aren’t as good, yes there’s 10-20% discounts, but that’s not what I’m looking for. There’s so many deals to be found right, so if it’s not really really worth the effort, then might as well go for another deal. So here’s the OCBC list of what I think is pretty worth it. Some in the list aren’t large discounts, like the Pizza Hut, but I think...

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Why? Just Why?

You know… sometimes, I just don’t understand… I always try to understand things, like, keep an open mind, so if someone likes something, or doesn’t like something, that’s their choice. Or if they want to do something, or don’t want to do something, most of the time, they have some reasons. May not be good reasons, but still fair enough reasons. Like, I use my $4 per month telco plan. It’s extreme, cos it takes some setting up and control over the use of data, so I understand why people don’t do it. My wife uses the sim only...

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Overwork

Ever heard of Karōshi 過労死? It’s a Japanese term, death from overwork. In Korea it’s called gwarosa (과로사/過勞死) China, guolaosi (Traditional:過勞死 Simplified:过劳死) For folks who commit suicide due to the stress of work, ​”karōjisatsu (過労自殺).” ​ Giles Prentice: A broken what? Secretary Baird: Broken Arrow. It’s a Class 4 Strategic Theatre Emergency. It’s what we call it when we lose a nuclear weapon. Giles Prentice: I don’t know what’s scarier; losing nuclear weapons, or that it happens so often there’s actually a term for it! —Broken Arrow Movie Highly related to my previous post, You always have a choice. Many times, people...

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Are you buying too much “Insurance”?

I’m not talking about insurance in the traditional sense. No the GE, Aviva, AIA, etc… Rather, I’m talking about those small things we do to “protect” against uncertainty… HUH? Still don’t get it? My mum subscribes to cable TV. She has a basic package and added on drama channels and sports channels. And I ask her… “Mum! Why are you getting sports channels? You hardly watch them.” And she goes… “Sometimes I like to switch channels and watch golf.” Essentially, for her “sometimes” she ALWAYS pays. And as humans, we are wired to protect against uncertainty. It’s a mental...

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Trying to influence my mum to reduce her telco bills

So I’ve been somewhat half hearted when discussing this with my mum. Cos these kind of things, if I help her save money, I’m marginally happy, I don’t see the savings myself, but if there’s any mess up in the process, or significant downgrade of services by the telcos, then I get blamed for not handling it well or recommending a bad idea. The thing about this is, usually, the older folk don’t know what they want in most cases. And I understand that, cos… these days, there’s internet speed, mobile plans, fibre or cable, subscription TV and they...

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Why I like the beginning of the month

It’s the beginning of October. I love the beginning of new months. The reason being very simple. My credit card resets. Well not really… To be really specific, I always write about using the UOB One account and combo with the UOB One card. The UOB One account is based on calendar month. Meaning the need to spend $500 on any UOB card from 1st of the month til 30/31 to be able to enjoy the bonus interest. The UOB One card is based on 23rd of the month. So it’s 24th of Aug to 23 Sep. If I...

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When I may increase my spending

I always wonder… why do people like buying stuff? Yes, there’s a lot of reasons. And buying stuff also could mean a lot of things. Like… Buying an iPhone, Or a car, Or a Lexus, Or a new TV when the old one is still working, Or some small toys here and there, couple of bucks here and there, Or a new camera, Or a new PC… The list goes on. I’m talking about what I deem as unnecessary spending. And it’s not necessarily consumerism. Sometimes it’s just small toys, like turning $3 at the gatcha machine for fun....

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How it all began…

I was recently reminded of how it all began… I’d actually forgotten about it. Why I left my job, why I thought about “early retirement”, why I tried to accumulate a large AUM to dump my job to be financially free. Ok I’m not entirely financially free yet. But I was reminded about how I thought about it and how it all began. I was around 27 years old in my old job. It was getting boring and I was wondering if this was all there was to life. I mean like… that’s it? This deary corporate drone life?...

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DBS Multiplier account 3.5%

Looks like the DBS Multiplier account is trying to up it’s game. We received an email that they will be adjusting the max interest to 3.5%. But no details are available yet. 3.5% it’s pretty good, but I’m sure it’s going to be hard to earn that money. Nonetheless, come 1 Nov, I’ll try to update how the interest works and how to obtain that interest rate. It’s highly unlikely that any of us will be getting the full 3.5% thought, but I’m sure we’re all interested to find out how it’s going to work. Stay tuned…...

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You need to know this before being an Uber driver

What if I told you… I will pay you $3000 per month to do a task. You just work a certain number of hours, between X time and Y time for Z number of days per week. Sounds like a normal job right? Apparently some jokers offered this plan to prospective Uber drivers. Some folks want to try driving Uber but are concerned that they won’t earn enough income in a month. So these jokers approached these prospective Uber drivers to offer them this plan. The drivers would drive for a certain number of reasonable hours everyday, for 5-6...

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The Bitcoin Bubble

I did a short post on why Bitcoin has value previously. Doesn’t mean I don’t think it’s a bubble. It has value cos people think it should have value. Just lika diamonds or gold. They don’t serve any real purpose but people just use them as a medium of exchange. So why do I think Bitcoin is a bubble? Well. Firstly, there is limited use for it currently. You can buy it, trade with others, but besides that, there’s no real use for it. You can hardly use it to buy something. If you bring a block of gold...

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